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WTI in 98.85 (S1) support range to obtain strong support, then rose. In view of the price is not down, take state neutral steering our. Prices in Europe early rose to 100.45 (R1), if it is, then the next resistance see 101.25 (R1) and blue long-term upward trend line. Dynamic index continued upward, MACD is about to release positive signal, show the recent rally is not over.
Support: 98.85 (S1), 98 (S2), 97 (S3).
Resistance: 100.45 (R1), 101.25 (R2), 102 (R3)
Crude oil (NYMEX) (Jun 14) on the same day: rising.
Turning point: 98.75
Trading strategies: call in 98.75 above, the target price, 102.2, and 102.95.
An alternative strategy: to see, in 98.75, the target price set at 97.45, then 96.65.
Technical comments: forming a bottom near 98.75, will bring the trend of short-term stability.
Daily: in by the 200 day moving average support yesterday crude oil continues to rebound, above the 50 day moving average and attention in mid March wave of 50% Pei Bo correction is composed of resistance area around 101, below the support on this wave of wave of 61.8% Pei Bo correction.
The 4 hour chart: oil prices by the MA5/10 support continued high, is expected to further upstream.
Hour chart: a strong try for after finishing a narrow range rise, short-term gains.
Summary: 101 points if the days on the broken, may accelerate the uplink.
On the day of rising crude oil.
Turning point: 98.75
Trading strategies: call in 98.75 above, the target price, 102.2, and 102.95.
An alternative strategy: to see, in 98.75, the target price set at 97.45, then 96.65.
Technical comments: the running trend of technical parameters of RSI complex.
WTI in 100.90 (R1) blocked, close to the April 16th -5 month 1 days down interval 38.2% retracement line, then fell, in 99.85 (S1) to obtain the support. Dynamic indexes fell over in the blue line support, however, I maintain a neutral, only to break 100.90 (R1) to confirm the bull market recovery, lock the next resistance 102 (R2). On the other hand, if it fell below 99.85 (S1) support, it may once again challenge 98.85 (S2) of the key support.
Support: 99.85 (S1), 98.85 (S2), 98 (S3).
Resistance: 100.90 (R1), 102 (R2), 103 (R3).
pair- oil
chart analysis time frame- m30
http://i62.tinypic.com/351h9w1.jpg
the price price movement can see in the channel pattern with having the support at 99.85 and the resistance at 101.05 level. the price now moving at the resistance side and to make this pattern continue down movement continue expected. short with the stop loss at 101.20
good luck.
bhai pehly to mainy kabhi bhi oil kay oper trde ani ki thi thi lekin jab mainy pechly week main is kay oper tdre ki to mujhy paat chala hai kay is ki har tdre aky oper comission bhi huti hai is liye main ab is ain dubar tdre ani akro ga kabhi bhi
pair- oil
chart analysis time frame- m30
http://i62.tinypic.com/2hdy90l.jpg
the rsi and the price both are making lower to low and giving down movement signal. the price is also break its pivot support at the 102.55. this may be falling to the support at 101.40. short with the stop loss above the daily resistance 103.13
good luck.
Oil is the so so much risky business i advice to all the newly traders that the do not trade in the oil as it gives the movement of 300 pips per day ben its trend is also does not clear it is so much risky business
pair- oil
chart analysis time frame- m30
http://i57.tinypic.com/rbfceb.jpg
the price is not able to move continue in the channel pattern and its break to the resistance at 104.17. this is may make a pull up setup from the support at 103.85 level and again up side move. hold the long trade with the stop loss at 103.60 and take profit at 104.50a
good luck.