Oil

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Penetrating below this level will likely result in a reduction to the level of USD 81.07/bbl. Looks very strong bearish bias even daily Stochastic and CCI has been in the area saturated sell. However, if it appears bullish signals from them and the price is above 84.33, then it is possible to pullback to the resistance at 89.59.

OIL market technical over view

according to market technical analysis the market have down trend
the market trend is in sell position
expected resistance and support levels

1- Resistance level----------46.37
2- Resistance level----------46.92
3- Resistance level----------47.81
1- Support level-------------44.59
2- Support level-------------44.04
3- Support level-------------43.15

Technical analysis of the OIL

According to D1 time Frame,
Today Market Trend seems to be : BEARISH

Today Resistance level is:

1> Resistance level is: 45.75
2> Resistance level is: 45.96
3> Resistance level is: 46.19

Today supporting level is:

1> Supporting level is : 45.33
2> Supporting level is : 45.16
3> Supporting level is : 45.06

Take profit is : 45.10

Stop loss is : 46.12

Technical analysis of OIL

Today Market Trend is : BEARISH

Today Resistance level :-

1= Resistance level is: 45.76
2= Resistance level is: 45.92
3= Resistance level is: 46.13

Today supporting level :-

1= Supporting level is : 45.48
2= Supporting level is : 45.31
3= Supporting level is : 45.23

Oil has really headed up strongly. It is very surprising therefore that USD has not fallen at all in this time. I think that something is not quite right - it may be the american holiday, but it seems that everything is out of sync - at least today. I think oil will continue to rise.

prices testing the top of a Flag chart formation reinforced by the upper boundary of a rising channel set from early May. Here too, the setup is hinting at bearish continuation pattern, with initial support lining up at the 23.6% Fibonacci extension level ($83.12).
Oil prices changed directions again and fell yesterday, despite the ongoing rally of the US stock markets. The USD slightly depreciated against the Euro.

Oil Resistance & Support

Resistance
1-Resistance 43.71
2-Resistance 43.85
3-Resistance 43.97
//////////
Support
1-Support 43.39
2-Support 43.24
3-Support 43.06

Technical analysis for OIL

oil analysis for 30.12.2018

( OIL ) price sell (minimum) is 42.94

or buy (maximum) 42.36

Pivot: 86.00 Our Preference: LONG positions above 86 with 88.6 & 89.5 as next targets. Alternative scenario: The downside breakout of 86 will open the way to 85.1 & 84.35. Im tech pair don`t analyse but political dolls play this great tool.