Oil

2020 was supposed to be the year where the global economy bounces back to life after the US and China trade tensions thawed and investors got more clarity around Brexit. Events over the last week haveundoubtedly put this outlook at risk. The US killing of a top Iranian military commander in Iraq is not likely to stop a war as President Trump claims, instead this act couldset off new conflicts in the Middle East that may have global consequences.

Today pair<><><>Oil
Market trend<><><>Bullish

Supporting <>61.68
Supporting<> 60.99
Supporting<> 59.80

Resistance<> 63.88
Resistance <>64.56
Resistance<> 65.70

Crude oil price begins positively

Crude oil price begins today’s trading with new strong rise to surpass 64.00$ barrier, which supports the expectations of continuing the bullish trend in the upcoming sessions, and the way is open to head towards our next main target that reaches 66.60.



Therefore, we will keep our bullish overview on the intraday and short term basis supported by the EMA50, noting that breaking 63.30 will put the price under intraday negative pressure that targets testing the key support 60.90 again before any new attempt to rise.



The expected trading range for today is between 63.30 support and 66.60 resistance.



The expected trend for today: Bullish

OIL

Market trend is Sell
Pivot Point 61.70

Resistance levels
1.Resistance=>62.16
2.Resistance=>62.49
3.Resistance=>62.98

Supporting levels
1.Supporting=>61.28
2.Supporting=>60.96
3.Supporting=>60.42
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predictions for the day.
trading is risky if no analysis is done
Crude Oil WTI - is the currency pair we will be focusing on
major low levels also known as supports 63.50
major high levels also known as resistance - 63.94

OIL

Market trend is Sell
Pivot Point 61.70

Resistance levels
1.Resistance=>62.16
2.Resistance=>62.49
3.Resistance=>62.98

Supporting levels
1.Supporting=>61.28
2.Supporting=>60.96
3.Supporting=>60.42
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Oil prices continued to rise on Monday after US President Donald Trump threatened to impose sanctions on Iraq if the country expels American troops. Brent crude, which is an international benchmark for buyers and sellers of oil, rose 2.41% to $70.25 a barrel. West Texas Intermediate added 2% to $64.34 a barrel.

Forex Forecast with price level
Crude Oil WTI - pair in focus.
Current Price - 63.48
main support level - 63.08
main resistance level - 63.86
Pair likely to be in Sell today.

OIL

Paraboloc SAR : BUY
The RSI is still on :BUY
StDev on BUY direction.
4hour time frame also telling these condtional exprations.
Indicator shows market going UP and technical Analysis same thing.
All technical and fandamantal follow the BUYing trends.

Note:Always Follow the making experienced with others having great knowledge about trading.

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