Oil

If a M15 close above 82 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 80 sell only and do not buy. If price closes back above it again do nothing

The range 82 and 80 is neutral area, any trade done in between is personal decision and not part of this analysis

Since an overwhelming majority of US workers work in service industries (76.8 percent according to estimates published by the CIA), that ought to be a good reflection of what happened economy-wide.

If a M15 close above 83 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 81 sell only and do not buy. If price closes back above it again do nothing

The range 83 and 81 is neutral area, any trade done in between is personal decision and not part of this analysis

Expectations call for the world’s top economy to add 55,000 jobs in September, keeping the unemployment rate at 9.1 percent.

On the technical front, prices are sinking to support at the 61.8% Fibonacci extension level at $75.09. A break below this boundary exposes the 76.4% Fib at $71.45. Near-term resistance lines up at $78.03, the 50% level.

Crude has already retraced over 50% of the decline from 9050 and additional resistance comes in at 8489-8540 (former support and 61.8% retracement of the decline

Oil prices are likely to end the week slightly recovering from the sharp falls they have endured last week. Oil along with the US stock market rose during most of the week

An extremely bearish count treats the decline from 9049 as a series of 1st and 2nd waves (valid as long as price is below 8473). 7960 is short term resistance.

कीमतें 88.15 डॉलर पर प्रतिरोध को मंजूरी दे दी, देर जुलाई से ड्रॉप के 50% फिबोनैकी retracement बैल अब 91.10 डॉलर पर 61.8% के स्तर के लिए लक्ष्य के साथ उच्च स्विंग. 50% मिथ्या निकट अवधि के समर्थन के रूप में फिर से ढालना किया गया है.

Expectations call for the world’s top economy to add 55,000 jobs in September, keeping the unemployment rate at 9.1 percent