Oil

An oil is any nonpolar chemical substance that is a viscous liquid at ambient temperatures and is both hydrophobic (does not mix with water, literally "water fearing") and lipophilic (mixes with other oils, literally "fat loving"). Oils have a high carbon and hydrogen content and are usually flammable and surface active.

The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile.[1] They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents.

Oil

Market trend =>SELL


%Resistance 64.51
%Resistance 58.94
%Resistance 55.97

%Supporting 53.43
%Supporting 50.47
%Supporting 49.41

Today market trend:Sell

Resistance and Support points also given has signal of market down

Technical indicators and Moving average se bhi market down hoti nazar aati hai

Agar ap profit hasil karna chahte hain to sell ki trade laga dein

I anticipate this pair OIL have bullish course
.
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.

time allotment that is considered while making backing and opposition levels – Day by day and Week by week time allotment, think about the day by day monetary news before taking the exchange.

Time Frame - 4 Hour
Currency pair - Copper
Buy @ - 2.807
Stop Loss - 2.790
Take Profit - 2.823
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.

The best forex traders swear by daily charts over more short-term strategies. Compared to the forex 1-hour trading strategy, or even those with lower time-frames, there is less market noise involved with daily charts. Such charts can give you over 100 pips a day due to their longer timeframe, which has the potential to result in some of the best forex trades.
While many forex traders prefer intraday trading, because market volatility provides more opportunities for profits in narrower time-frames, forex weekly trading strategies can provide more flexibility and stability. A weekly candlestick provides extensive market information. It contains five daily candlesticks, and changes which reflect the actual market trends. Weekly forex trading strategies are based on lower position sizes and avoiding excessive risks.

MOSCOW (UrduPoint News / Sputnik - 23rd December, 2019) Libya is scaling up its oil production at the Nafoura oil field and resuming extraction at the Hamada field, the National Oil Company (NOC) said in a statement on Monday.

oil 4h chart

On the 4 hour chart of oil we have an upside wave that we were waiting for a correction to be made down, but it appears that the price is receiving support from the 23% Fibonacci level and unable to break this level to complete the decline and correct
Thus, with the price stabilizing above the 23 Fibonacci level, oil will be available for purchase
As for the price drop below this level, the price will point in a corrective downtrend to 50% Fibonacci level

trade sell ki laga deni chahie

ye humary lie kafi faidy mand sabit ho sakti
hai or last 8 hrs ka chart dekha jaye to saaf pata chalta hai

market up ho k ab down ki traf movement kar rahi hai Good Luck.

Candlestick charts are the most common chart types used by retail traders and investors. There are many other types of charts such as line charts, bar charts etc., but they don’t tell the story of past price action like candlestick indicator patterns do. When active trading is based solely upon technical analysis, projecting future price action is rooted in how the price has behaved in the past.

Candlestick analysis is a very useful form of technical analysis. It works almost perfectly in volatile times but also functions adequately in less volatile times. All in all, candlesticks, as well as candlestick trading, works fairly well in isolation or when combined with one or two other indicators.

Candlesticks represent fluctuations in price for a certain period of time. Durations may be as little as one minute or as large as a week or month. The body of the candlestick is the price difference between the opening and the closing time. The two vertical lines on each side, which are called shadows or wicks, display the highest and the lowest point of the price for that period of time.