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oil is the peer also in this business butt it is connected with the stock exchange so we should must be got the necessary information about this if we want to do trade on this pair and this can be the different to othersQuote:
Originally Posted by ganguly
Yes oil is connected to stock, forex and even options trading, it is connected by co-relation. I believe that all forex currency traders should make sure that they have a good knowledge about corelation before they trade oil commodity.Quote:
Originally Posted by tahirjutt
Continue to hold the sale of oil, the price yesterday was able to break through the strong support level of 89.46 and then fell further south, my goal has not worked I expect deeper southern waves inclined to think the medium-term level to endure all the more so for 4 hour chart continues practiced southern signal MASD.
hello, i have buy oil in 85.38 and in next 10 min, it get down more then 200 pips and i am in loss now, shold i closed the position or should wait for my price to come back?
oil na sari world ko gume ho ha oil ma karn sa is rate ka pate hi nai chalt ha aik aaj as ka rate uper to kal dwon sub ka time $100.00 pa to raat ka time $70.00 pa is ma aap kam kare ga to aap ko sub profit or raat ko lose.
i think oil is search a nice commodity but the problem with it is that it does not 'move much in the markett making it the worst commodity that one could trade in the market.
The largest patch of oil demarcation should be the first step. The Foggy Bottom 94 (94.15) 92.50 96.00 from 94.15 twice before. 94.25's position and profit of the sale will close down 100 points.
weekly analysis -
we can see that last week buller are interested and now price will move up side and try to hit the upper resistance trend line at 91.86 but if price hold here and move to lower side the it will hit the supporting level at 84.00 or may be break this level and continue falling till 80.00 level.
i do not like trading this type of commodity the reason as to why i am saying this is because i know oil as slagish in its movement in the market when the market is opened making you take alot of time to makae money.
Today’s technical analysis
In h4 time frame the resistance trend line is breaked at 88.97 and this level is also act a resistance as per moving average and price chart. today we can see some down side movement and price will hit the support level 87.50
Resistance 3- 92.10
Resistance 2- 91.08
Resistance 1- 89.99
Pivot point- 88.97
Support 1- 87.88
Support 2- 86.86
Support 3- 85.77