Oil

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The Oil move downside sharply yesterday and now trading near the strong supports of ascending trendline. Which keeps our bullish scenario remain valid but possibly from lower levels. According to my chart analysis and explanation above, I prefer to buying the Oil above 94.70 with targets 95.35, 96.00 then 96.70 and stoploss with four hour candle closing below 94.20.

Now formed a great entry point for the purchase of oil, the price came close to the long-term support level oblique (trend line), near which began consolidation, keep the purchase, on the hourly chart is MASD formed buy signal I have another goal near the current month high 96.80, stop hiding just below 95.20.

Oil has found a buyer in support of 95.60 and the mark renewed its northern movement, a buy signal was short break 95.60 resistance, which opened almost unimpeded path to 96.80 and the RSI also shows the northern signal.

Oil maintains on the floor of the bullish wave 1/25/2013
the price of oil keep stability above pivotal support level between 95.40 _ 95.00
and this encourage us to continue our expectation for the bullish trend on the intraday and short term

Oil slowly but surely continues to increase in the north, a noticeable shift from the support level of 95.35 to 95.75 which is now the northern and began a wave, it seems the main purpose of the bulls still be a mark 96.85, previous local maximum, with the trend line formed a converging triangle.

Oil can be seen side-channel 95.00 lower limit from which the beginning of the current wave of northern and 96.92 is the upper boundary of the channel (zone 2 upper fractals) and current weekly maximum to which the price moves and now, first of all, I still consider this a breakthrough mark with the release of a new high but the beginning of consolidation around 96.00 and signs of rebound also consider selling.

oil is one of the best commodites i know while we are trading that we should have but i know that this commodity does not move that much so i try my best to make sure thaTi have traded my best.

very impressive trend line .. after the breakdown of the horizontal level 94.60 I think you need only to think about shopping .. See chart at the top ... the price is above the support and sloping trend line ... so that probably is the place to buy big players ...*

An assorted list of Forex brokers that provide all traders with the opportunity to trade oil and sometimes other types of commodities. Oil price is strongly connected to the currency rates, that's why the oil market often brings a good chance to the Forex traders to increase their usual profit. You will find 59 brokers listed in the table below.

Oil approach it,s highest level in four months amid optimism a recovery in the global economy
where future changed slightly after rising by 0.3% last week amid the rise of corporate profit,s industrial China for the fourth month in December , which gives an indication of the high demand for crude