lower level for crude oil is 100 $ per berrel and upper level is 110 $/ berrel its trading between these two levels if it breaks any of theese it will come down or go upward
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lower level for crude oil is 100 $ per berrel and upper level is 110 $/ berrel its trading between these two levels if it breaks any of theese it will come down or go upward
Update:
The price of the crude oil provides some bullish bias in attempt to test the EMA50 which acts as an intraday resistance at 107.40, affected by Stochastic, while the expected overall bearish bias remains valid for today, waiting for visiting the sideways range’s support at 102.65
http://charts.mql5.com/2/416/cl-h4-instaforex-group.png
oil is running on 92 and it will go more down and can touch 80$ in coming days so if anyone can open short position for long term then he can get good profit
'Oil or petroleum, it is also called crude oil, is a thick liquid, flammable, dark brown or greenish, found in the upper layer of the earth's crust. The oil consists of complex mixture of الهيدروكربورات in, especially precious chain alkanes chemically, but differs in appearance and composition and purity strongly from one place to another. It is a source of primary energy sources is very important energy statistics in the world, but the world burn and exploited to run cars and enjoy the luxury of movement in the production of electric power that can be generated in other ways to provide this gold burning human black chemically values. Oil is a raw material for many chemical products, including fertilizers, pesticides, plastics and many of the tools and chips plastic tubes and nylon fabrics, artificial silk and synthetic leather and medicines.
today i like to sell oil @ 107.28
my stop loss of the day @ 107.40
half take profit for today @ 107.12
and further half take profit @ 106.77
Usoil making strong resistance at 107.30 , so we recommend selling from cmp (107.10 till 107.30)
sl 30 pips above resistance trgt 106.70-106-105.50 alternatively breaking of resistance can again take oil to high
so we recommend buying above the resistance and trgt 107.73-108.20-109 sl 20-30 pips below resistance
The price of the crude oil settled below the EMA50, accompanied by a clear negative signal that comes from Stochastic, which encourages us to continue preferring the intraday bearish trend, where it targets the sideways range’s support at 102.65. Breaching 107.30 will open the way for testing the sideways range’s resistance initially at 108.70
http://charts.mql5.com/2/424/cl-h4-instaforex-group.png
a higher static correction. Shroud many remove color selection finished 94 (94. 15) downwards because of 94. 15 seventy eight. 50 once more prior to an ninety-six. 00. Ive will provide items with the help of 94. 30a more robust correction. Should destroy finished 94(94. 15) following 94. 15 for the purpose of 95. 50 ever again previously ninety-six. 00. May very well merchandising standing through 94. 31 and often will enclosed subsequent to 100 pips turn a profit.
Update:
The price of the crude oil made an attempt to breach 107.30 but it remains stable below it now, which makes us continue in our expected bearish trend expectations for today, reminding you that holding above 107.30 will lead to visit 108.70 before attempting to decline again.
http://charts.mql5.com/2/426/cl-h4-instaforex-group.png
actuly mary bhai agr hum oil k nam se jany tu isy crud oil kaha jata hai lakin such tu ye hai k isy crocudail kaha jy tubest hai ye kha jata hai trader ku but aj kal oil ki market buht high ja rahi hai kal market buht slow thi ik dip lgai hai jiski waja se logu ku buht sa profit hu gya hai