Oil

If a M15 close above 90 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 88 sell only and do not buy. If price closes back above it again do nothing

The range 90 and 88 is neutral area, any trade done in between is personal decision and not part of this analysis

oil abhi 85 ki taraf chal raha hai aap buy kar sakte ho kyunki iska target 90 ki taraf hai, par stop los zarur used karna 83 tak

LONG positions above 85.9 with targets @ 88.2 & 89.15,even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Crude prices decoupled from equity markets yesterday, pulling back from resistance the 23.6% Fibonacci retracement level ($85.83)

If the US stock markets will resume their falls it will likely to affect oil prices to trade down as well. I still think that oil prices fell too sharply too soon. In the near future WTI will settle around $85-$90 mark

Broadly speaking, the $80-88 consolidation range in place since the beginning of the month continues to define positioning.

If a M15 close above 88 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 86 sell only and do not buy. If price closes back above it again do nothing

The range 85 and 86 is neutral area, any trade done in between is personal decision and not part of this analysis

The recent rally in the stock market might continue to pull up oil prices. In the near future, I still think that WTI price will remain around $85-$90 mark

intraday support around 87.5

LONG positions above 87.5 with targets @ 89.15 & 90.2.
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The downside breakout of 87.5 will open the way to 86.5 & 85.

prices cleared resistance at $88.15, the 50% Fibonacci retracement of the drop from the late-July swing high, with the bulls now aiming for the 61.8% level at $91.10. The 50% Fib has been recast as near-term support.