Oil

Hello Traders

oil price 05/02/2020
in big picture is bearish and all indicator show the same on concern over the global economic impact of the coronavirus means prices are still close to 20% lower than this year's peak on Jan. 8. Monday's drop left crude prices at their lowest in more than a year. The coronavirus has now claimed more than 420 lives in China but death ratio still 2-3%. Oil prices are now at levels where would expect a supply response from OPEC for new production cutting crude output by a further 500,000 barrels per day . If OPEC+ fails to deliver an emergency response to the coronavirus, crude prices could slump another 10%,(i thnik 45$)

Oil

Today Market Trend is sell


Resistance 64.43
Resistance 58.99
Resistance 55.97


Supporting 53.43
Supporting 50.45
Supporting 49.39

Today this pair of Market trends & technical Analysis justified for me.
TRENDING
1)Gator Osillator:BUY = (3)dEMARKER :BUY
2)Fractals :BUY = (4)Evelopes :BUY

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..

US OIL TODAY ANALYSIS

MARKET TREND BULLISH

Pivot Point 50.07

S 1 >>>>> 48.63

S 2 >>>>> 47.83

S 3 >>>>> 45.59

R 1 >>>>> 50.87

R 2 >>>>> 52.81

R 3 >>>>> 54.55

kal k hi uptrend ko market continue kar skta hai kuki market meh kafi upward strong movement thi kal or kafi buyers ne dominate kara hai ,
halaki abhi ek support level pe jisko market ache se test kar rha hai agar ye level break hota hai toh defintely strong up movement dikhegi is pair meh.

I predict this pair have bullish direction
I suggest to take LONG position today

time frame that is considered while making support and resistance levels – use Daily and Weekly time frame, consider the daily economic news before taking the trade.

money management is very effective for getting profits with stop loss and take profits method with current trading position.

Daily market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain goof and huge profit I thing keep in mind use money manage and always use stop loss and take profit.

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

Euro USD holes on to gain after the trade tale, head of retail sales. If you want to trade on Euro USD above 1.1 150, holding onto its gain. This I know American trade deal left many topics open and it is nuclear if phase 2 talks will start soon us retail sale are IED. From a technical perspective the pair already seem to have found expectancy above the 1.8 1140 Confluence reason. Soundbar through buying now has a potential to lift their further beyond 1.1 200 handle toward retesting the recent swing higher resistance near the 1.12 40 region full stop the momentum code further get extended towards the 1.1 300 round figure mark and root assistant smartbuy the top and of the multi month old extending brand channel. Currently near the 1.13 40 region. On the flip side, any meaningful full back now seems to find decent spot near 50% level, around the one. 110 Handel. 108 assembly and the lower end of the exceeding trend channel, around the 1.10 50 region. A sustained breakthrough the mentioned spot level might be seen as a key Trigger for their is trader and set the stage for a fallback towards challenging the ki 1.10 psychology kal mark.

Oil nay bohat up ki chalang lagayi hai jaisay kay ap khud idea laga lein eak time tha kay oil nay 42.00 ko touch kiya aor is ko break nahi kar paya lakin phir time aya kay yeh up gaya aor 58 tak agaya ab yeh 55 per hai.

Oil

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