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oil kaafi time se bnahut strong chal raha tha may be because of Libiya riots..
lekin last kuch dino se oil kaafi down gaya hai..isne recently 94 ki value ko tod diya hai..
ab tak isne uptrend ka koi signal nahi diya..to lagta hai ki ye aur neeceh ja sakta hai
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Oil
Today market trend = sell
Oscillator sales volume
Current price
And
Support points and resistance
market ke nechay janey k haq main hain
Sell ki trade profit de gi
Indicators ko follow karte hoye aur
apni samjh soch ke sath trading
Kren. Ta k ap zyda earning hasal kr saken or agar
ap market ko achi terha samjay bagher trade kren
ge to nuqsan uthana paray ga.
Instaforex is the best online job.
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Crude Oil
60.375-0.6850(-1.1200%)
16:32:04(GMT)|Real-Time Data, Quoted in USD
Open
N/A
Day's Range
60.010 - 61.180
Class
Commodities
Bid/Ask
60.360/60.390
Symbol
CL
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Weekly trending upwards - Lagging span above cloud - Future cloud bullish
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
I recommend to take LONG position today
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US Crude Oil
WTI oil price eased from new three-month high at $60.93 on Wednesday, after Tuesday's API report showed unexpected rise in crude stockpiles (4.7 million barrels vs last week's build of 1.4 million barells).
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The United States will lead oil-supply growth over the next six years, thanks to the incredible strength of its shale industry, triggering a rapid transformation of global oil markets. By 2024, the United States will export more oil than Russia and will close in on Saudi Arabia – a pivotal milestone that will bring greater diversity of supply in markets.
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Finally price has drawn something credible, and that is a wxy. Last wave - a three wave structure, with the wave C as an ending diagonal. Goes North
On daily, we can see the trendline touched thrice and respected. On 4H we seen a break of downward trend which shows strong bullish momentum. Thanks!
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The price is still bearish .
In the H4 chart, we can see the significant demand below which is a great level for long term buy position.
The target for this buy position will be 10.000 zones.
In the H1 chart, we can see a fresh supply above, as long as the price didn't touch the demand below I'll sell at the supply.
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The market is technically analyzed under the expert supervision and the analysis said that trend is going to buy.
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Maray analyses kay hisab say ye pair bullish trend show kra raha hay or is ki parabolic position bi up honey ka ishara day rahay hen.
Ye pair buy ka bna huwa he I think jahan par market punche huwe he wahan se up
ke traf movement kar sakte he so main suggest kronga hamen buy ki trade lga dene chaheye.
Is kay tmam indicators hum ko up side ki tarf janay ka ishara day rahay hen to buy ki positions kafi better nazar as rahi hay .
Is ki strong support frame m30 per show ho rahi hay . Shukria