oil is a very nice commodity but all the same my trading i find it to have very slow movement in order thaqt everthing may come in the market and therefore i will make very well .
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oil is a very nice commodity but all the same my trading i find it to have very slow movement in order thaqt everthing may come in the market and therefore i will make very well .
http://i50.tinypic.com/2mwt1j7.gif
The Oil trade very indecision yesterday but close in slight positive. The Oil is now trading near upper channel resistance and 200 Day SMA. At this point, I prefer to stay aside from the Oil until we get a confirm break above the 200 Day SMA for the upside move.
something is not quite clear about the growth of oil to the holiday market ... very often such a surge and if it is not backed by anything all returned to their seats after several days so that there is already a strong resistance and I think that the price will drop again to 89.00 dollars. ..:)/
Today(31-12-12 ) pivot point are-
Resistance 3- 92.50
Resistance 2- 92.00
Resistance 1- 91.35
Pivot point- 90.83
Support 1- 90.18
Support 2- 89.66
Support 3- 98.01
oil ki trading boht best hai jee pakistan me aey din oil ka rate badlta rehta hai mein jb bhi business strat kro ga to oil ka hi kro g q k is me profit acha milta haiQuote:
Originally Posted by ganguly
लाइट स्वीट क्रूड लाइट स्वीट क्रूड बाजार शुक्रवार को सत्र के दौरान अपेक्षाकृत शांत थे, लेकिन सबसे अधिक प्रभावशाली है क्या तथ्य यह है कि वे बस बुधवार को यह ऊपर तोड़ने के बाद 90.00 के स्तर से ऊपर बैठा है.
Weekly Overview
http://i46.tinypic.com/35ceo1e.png
The oil is consolidating after touching the upper line of the ascending channel as seen in the provided chart. RSI shows overbought condition and AROON indicator also shows weakness. According to my chart analysis, I prefer to selling the Oil below 91.50 with target 89.25 and stoploss is above 92.25 might be appropriate for this week.
but now there is resistance to oil 91.65 but you can see that the graph is trying to make its way to the top ... and the last day of a strong candle that closed just at the level ... so that further growth is quite possible ... but before 93.50 will be very difficult to grow .... I think this will be a corridor with himself on all fours to Melun to 93.50 ...
long positions at 91.30 with 91.50 and 91.70 as next targets
the reakout of 91.10 will call for arebound towards 90.80
Today’s technical analysis
we can see that price have a gap but as per me first we will see continue up movement and this will try to hit the resistance trend line. after hitting the trend line there may be possibility that it will reverse and will fill the gap. we will short this pair at 94.10 and take take profit is 91.50 stop loss is 94.50