Oil

Technical analyse Oil

today current trading Oil > 71.26

resistance lever 1> 71. 29
resistance lever 2> 71.40
resistance lever 3> 71.51



support lever 1> 71.19
support lever 2> 71.06
support lever 3> 70.93

Oil today trend is bearish

Resistance and supporting level today is:

Resistance level first: 72.16
Resistance level 2nd : 72.65
Resistance level 3rd: 73.11

Supporting level first: 71.39
Supporting level 2nd: 70.97
Supporting level 3rd:70.33

Oil is showing a sell trade for the day so we can have a sell trade but we have to manage our risk and money management.

Below are the support and resistance levels:-

S3 67.05
S2 69.16
S1 70.03

R1 72.14
R2 73.38
R3 75.5

Happy Trading :1f607:

As you see in my following attached chart, Oil traded between a high of 93.56 and a low of 92.08, closed at 92.88. Today the commodity trades below the resistance line of 94.50.
Downside Scenario: If the resistance line of 94.50 holds, a decline to the levels of 92.20, then 91.30 could be seen.
Upside Scenario: Any break above the resistance line of 94.50 could mean a rise to the levels of 95.30, then 96.50.
the price is break the fibo 61.8 level but it is not break the fibo 78.0 leve and making some bearish candle. we can short if the price is close below the 92.75 with the target 88.50 and stop loss at the 100 level of fibo at 97.50
good luck

oil should be marking out the first leg of a larger correction. Shoud fade over 94(94.15) below 94.15 for 92.50 again before 96.00. I have selling position in 94.25 and will closed after 100 pips profit.Oil going on 98, i hope it will increase and gonna reversal for 100, trhen 105 and it gonna touch 100 in coming days but after some correction, not like rocket

Oil ki market pichly kafi arsy sy strong ja ri hye lekin abi chance hen k market down ho gi agr uk crude oil r us crude oil ko dekha jay to UK 80.51 aur Us 71.49 aur i thnk ab mzeed down hony k chances hen to mery khyal sy sell ki trade lgani chahye

If the US stock markets will resume their falls it will likely to affect oil prices to trade down as well. I still think that oil prices fell too sharply too soon. In the near future WTI will settle around $85-$90 mark

Thus, these factors support our expectations for the continuation of the upward trend in the short term and the following targets start at 93.00 and then away to the psychological barrier of 100.00
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A break of 87.80 will stop the rising wave of expected and lead to a possible shift in intraday trend downward.
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Expected trading range for this week between: Support and resistance 87.80 99.00
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General tendency is expected for this week: bullish

Oil (September) WTIBlack gold tends to slide testing 93.90 / 70 USD / barrel, the breakthrough opens the potential for 92.80 / 60 USD / barrel ... possible combination of negative ISM service sector on Wednesday and Friday nonfarm Payrolls negative potential direction of the opening $ 90.00 / barrel .. first resistance at 95.50 / 70 USD / barrel.

If a M15 close above 88 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 86 sell only and do not buy. If price closes back above it again do nothing

The range 85 and 86 is neutral area, any trade done in between is personal decision and not part of this analysis