today i like to oil @ 86.05 to 86.30 range
my stop loss of the day @ 85.88
half take profit @ 86.44
and half @ 86.81
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today i like to oil @ 86.05 to 86.30 range
my stop loss of the day @ 85.88
half take profit @ 86.44
and half @ 86.81
Oil. The price continues to form the northern waves, like the main purpose of the bulls will be the medium-term resistance -89.00 figure on it is safe to climb on the sale, or to sell on a break and consolidation below 88.50, the alternative scenario, with the strengthening of the above-purchase 89.15 to 89.80, 89.00.
Oil has not fulfilled the northern signal (after the break of the upper fractal 88.40 price is not able to overcome the sliding sineyu alligator) - from her and there was a retreat to the north, on 4-hour chart formed a bearish candle absorption and Stochastic indicates a sell signal, the profit put at 87.00 a piece.
As you see in my following attached chart, the pair was traded between a high of 88.74 and a low of 85.91, closed at 88.53. Today the commodity trades above the support line of 87.15.
Upside Scenario: If the support line of 87.15 holds, the commodity could see the levels of 89.40, then 90.35.
Downside Scenario: Any break above the support line of 87.15 could mean a decline to the levels of 86.00, then 85.00.
time frame- H1
the price is now at the resistance level. it is also making a bearish engulfing candlestick pattern with confirmation candle also. we can take a short position. this will be move to the support side at 88.20. short with the stop loss at 89.13
waw the level of 95, the break above the level 90 is a postive singal
that has opened a path to the level of 93.6 .
:yahoo::yahoo:
Today,Initial support at 100.00 (Intraday Support) followed by 98.00 (Intraday Support). Initial resistance is now at 103.00 (Intraday resistance) followed by 105.00 (Intraday Resistance).
Higher crude oil penetrates
WTI crude oil extended gains seen earlier and approaching key resistance around 90.00 to 90.50 area early this week-but until this area is violated, the overall bearish wave remains intact. At this time, the price of crude oil was trading at USD $ 87.10 / barrel.
oil price 98.01 per baying karay ye aik achi baying hay
oil is operating on 90 and it will go more down and can contact 81$ in future so if anyone can start brief place for lengthy lasting then he can get excellent benefit