Oil

Recommendation Trend is :Sell
Recommendation : Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move.
Resistance level
1 Resistance level :109.37
2 Resistance level :109.54
3 Resistance level :109.81

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

Hello Trader How are you

After a decent correction, USOIL is now showing signs of consolidation at the 100D EMA .
Besides, it has also bounced off the ascending Trend Line .
In addition, we have a nice Doji candle after the recent drop .
All these technical factors point to a rise in USOIL in the coming days.
So, if price manages to stay above 58, I would be looking to buy with 63 as my initial target.

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Price rejection follow through, MACD divergence confluence with a target of the previous support...

Crude Oil
58.775-0.4750(-0.8000%)
10:47:17(GMT)|Real-Time Data, Quoted in USD
Open
N/A
Day's Range
58.670 - 59.290
Class
Commodities
Bid/Ask
58.760/58.790
Symbol
CL
Subclass / Sector
Energy

Today market analysis and trend:sell

Indicators and Moving average market ke down hony ka bata rahe hain

Resistance and Support points se bhi market down hoti nazar a ri hai

Hamain sell main trade lagani chahiye

BesT Of LucK

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.

Crude oil price tests the resistance

Crude oil price opens today’s trading with bullish gap that puts the price at the key resistance 59.20, waiting to close the mentioned gap and resume the expected bearish track on the intraday basis, which targets 57.40 level mainly.



Therefore, the bearish trend scenario will remain valid for today, noting that surpassing 59.20 will push the price to test 60.90 before any new attempt to decline.



The expected trading range for today is between 57.40 support and 60.00 resistance.



The expected trend for today: Bearish

Oil
Market trend => Bearish

Resistance =>64.44
Resistance =>58.99
Resistance =>55.90

Supporting =>53.49
Supporting =>50.45
Supporting =>49.39

Today Market Pair

OIL : SELL

this pair broke the low today and it seem want to go down more ......

this trend still got a strong down ward momentum ......

still got no idea why this happen today and no clear signal to enter it