Oil

Today,Initial support at 100.00 (Intraday Support) followed by 98.00 (Intraday Support). Initial resistance is now at 103.00 (Intraday resistance) followed by 105.00 (Intraday Resistance)

prices cleared resistance at $88.15, the 50% Fibonacci retracement of the drop from the late-July swing high, with the bulls now aiming for the 61.8% level at $91.10. The 50% Fib has been recast as near-term support.

Today,s Bearish Trend of oil


Resistance Level is :

Resistance 1: 50.41 Resistance 2: 50.89 Resistance 3: 51.17



Supporting Level is :



Support 1: 49.45 Support 2: 48.97 Support 3: 48.39

oil pair trend today looking strong bearish and i prefer for sell the oil pair at price 68.20 to 68.40 or 68.80 maximum and trader set their take profit point at price 66.50, 65.50 to 64.50 and trader use stop loss point at price 68.30 to 68.40 maximum and trader must understand the oil pair all fundamentals and oil related updates and follow the current oil pair trend and place their orders in oil pair trading and today selling trades give us good profit

technical analysis
this is a sensitive price rate.
the price oil buying point is 57.84 and the selling point 57.29

“The trend has been down since September and it’s probably best to look lower since the November low as nothing more than consolidation before additional weakness.” IF crude can sustain a downside break then focus (probably later in the month) would shift to the 78.6% retracement of the rally from 7726 and channel support. Also keep an eye on former trendline resistance, which indicated support on 11/28.

Commodity Trading Strategy: 8550, the first target, was hit several days ago and the rest of the position was stopped out at Monday’s high. 8835/89 is estimated resistance to short into against 9031.

LEVELS: 8363 8454 8565 8765 8835 8889

I just opened a long position on oil, the price steadily strengthened above the strong level of 95.00 (+ shape) and significantly lower than that it does not want to start up, and the price is trading near the high of the day, which indicates the strength of bulls.

The short term trend of the oil is to the upside. Intraweek trading range of the Oil is expected among key support at 82.60 and key resistance at 91.80. Based upon my chart analysis, I prefer to buying the oil around 85.10 with targets 88.40 then 90.00 and stoploss with daily closing below 84.00.

Crude oil is coming down from 52$ to $49.42 in this week so tomorrow is last day of this week's closing. Here is some support and resistance level to do watch below.


Support Resistance
49.23 52.63
48.02 54.81
44.62 58.2

Today Technical Analysis with the Take profit and stop loses

Pairs is:OIL

Today over all Trend is : SELL

Today strong Resistance level is : 53.64
Today strong supporting level is : 50.95

Take profit is: 51.12
Stop lose is : 52.07