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As you see in my following chart, the crude oil traded between a high of 95.89 and a low of 94.88, closed at 94.04. Today the commodity trades below the resistance line of 96.80.
Downside Scenario: If the resistance line of 96.80 holds, a decline to the levels of 94.20, then 92.80 could be seen.
Upside Scenario: Any break above the resistance line of 96.80 could mean a rise to the levels of 97.50 then 98.50.
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Today, support for the twenty-first century 0 (every day), followed by book 98 00 (every day) from the moment of resistance 103.00 (resistance every day), followed by five per cent (0 per day)
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time frame- H1
price is rejected from the resistance at 96.40 and hold at the support 94.68 the price movement is between these tow level. now it is also moving down side so we can short this pair with the target lower support at 95.00
good luck.
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i place pending sell order @ 95.50
my stop loss of the day @ 95.73
half take profit @ 95.20
and half @ 94.77
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oli kafi time sa ma note kar raha ho bhot zayda upar ja raha ha ab kuch din ka sure ya neacja jaya ga or soch samj k trader lagni para ge ab
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Fighting off competition from the horizontal resistance 96.30 oil continues to form a new southern waves, price is now found itself in the short-term support 95.15 breakthrough which will be another sell signal and should open 94.50 (District 200 MA) + is working off a sell signal MACD.
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Crude Oil (Jul 13) The trend remains bullish.Our pivot point stands at 94.45.- Preference: Long positions above 94.45 with targets 96.4 and 98.1.Alternative scenario: The downside breakout of 94.45 will open the way to 93.2 and 91.35.Analysis: supported by a rising trend Stochastic pointing to the north.
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today i like to sell Oil @ 96.60
my stop loss of the day @ 97.05
half take profit @ 96.15
and half @ 95.65
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time frame- H1
price has been break the strong resistance and the pivot point at the 96.22 and it is moving up. this resistance is break with a strong bullish candlestick pattern. we can long this but it is also try to make a retracement. long with the take profit at 97.50 and stop loss at the 95.90
good luck.
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Equalized oil has once again demonstrated its technique and trying to tooth support level otm.95.25 gone into growth, as it was last time. At this time, trying to get up to 97 pieces was much more successful and those 15 points that she got in the movement can be overlooked. It is likely that the oil can no longer wish to storm the resistance level.