If you want to place and order in this trading platform then definitely should invest lot of money because market trend changed very frequently with huge volume resulting there is lot of chances to lose your all investment within short time.
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If you want to place and order in this trading platform then definitely should invest lot of money because market trend changed very frequently with huge volume resulting there is lot of chances to lose your all investment within short time.
buy oil at the level 96.60 with targets at 97.48 and 98.23, but in case of breaking the level 95.86, then sell below this level with targets at 94.73 and 94.35
Crude oil remains very volatile in this business, i fear this. I do not try to trade crude oil or other commodities all the time simply because it usually requires the use of high spreads and high account balance
in the h4 time frame this pair is hold at the 95.20 and move to up side. it is braked the resistance at 95.95 with a good bullish candle so it will move continue up and will try to hit the again resistance at 97.60. till we can hold our long position with stop loss 96.20
crude oil prices showed some spark of life, because the 96.00 level once again been achieved and in focus, after a back and forth oscillations that seem to touch the highest at 96.80 points the previous day. However, at the last moment crude oil prices have been under siege, because the price is now just $ 96.33 USD / bbl.
sell oil at the level 94.32 with targets at 92.76 and 91.98, but in case of breaking the level 94.73, then buy above this level with targets at 96.29 and 97.49
in the h4 time frame this pair is break the lower side support at 95.20 and continue moving down. at the time stoch is also giving us short signal. we can short this pair with the target 92.00 and stop loss is above the 95.20
the price of oil lose another this morning and trying to achieve some recovery now
as close the first main objective overall is expected at 93.50
still bearish trend waiting for this day
Crude oil can not escape the same fate as other commodities, with the largest decline witnessed last night as the FOMC has done little to address concerns about the all-out siege on commodity prices. While yesterday's report is the focus of the re-testing of the 97.00 level - a figure which is now seen as really achieved today - the price of crude oil has fallen below the level of 94.00 and traded at just USD $ 93.80 / bbl at during the European trading Thursday
Crude Oil (Apr 13) intraday: the downside prevails.
Pivot: 95.05
Our preference: SHORT positions below 95.05 with 93.45 & 92.6 as next targets.
Alternative scenario: The upside breakout of 95.05 will open the way to 95.7 & 97.5.
Comment: as long as 95.05 is resistance, look for choppy price action with a bearish bias.