This puts the spotlight on the US ADP employment report over the coming 24 hours, with expectations calling for a 100k increase in August to mark the second consecutive month of slowing private-sector hiring.
Printable View
This puts the spotlight on the US ADP employment report over the coming 24 hours, with expectations calling for a 100k increase in August to mark the second consecutive month of slowing private-sector hiring.
Today we've seen that Oil moved upward. Its highest position was 89.87 which is highest in the recent history. What do you traders think about its next movement? Will it cross 91.00 in recent future? Actually its movement is very fast sometimes. Need some information from the expert traders.
If a M15 close above 91 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 91 and 88 is neutral area, any trade done in between is personal decision and not part of this analysis
A reversal lower from here sees initial support at a rising trend line set from the August 9 swing low, now at $84.20.
If a M15 close above 88.15 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 86.20 sell only and do not buy. If price closes back above it again do nothing
The range 88.15 and 86.20 is neutral area, any trade done in between is personal decision and not part of this analysis
Alternatively, a break higher sees resistance at a multi-month channel top established from early May ($92.35).
The technical landscape is little changed from yesterday after prices put in a second Doji candlestick below support-turned-resistance at $89.59, the June 27 wick low, pointing to indecision and hinting bullish momentum may be fading
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
Crude is firmly anchored to overall risk appetite trends, with the correlation between the WTI contract and the S&P 500 at the highest in nine months (0.78).
Well the libys crisis has been on for a very long time now and it effects is no loner felt in the forex trading market. It is the world financial crisis in europe and U.S that is leading to the economic problems that we have in the world.