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You can trade it via most platforms that offer CFDs, just like how you trade forex. If your platform offers gold, then it probably can offer oil via MT4. In terms of volume, it is supposed to be less liquid than forex, but if you are trading fairly small contracts its easy to get filled. Just note that oil can move abuot 5-10% a day, whereas fx moves 2-3% on big days, so you can make bigger wins and bigger losses.
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Today Oil rate is 62.20
In my observation the profitable next selling ponit will be 60.40
and by my mind the profitable next buy point will be 64.35
You will earn more money if you will follow my views
because i have posted this after checking the previous routine clearly
good luck
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Brent crude oil futures were up 12 cents at $62.83 a barrel by 3:23 p.m. EST versus Friday's settlement price, while U.S. crude futures were up 19 cents to $53.99 a barrelThe U.S. financial markets are closed on Monday for the Martin Luther King Jr. Day holiday.
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Executives in the U.S. oil and gas industry are said to be much more optimistic about growth in the sector, compared to last year.
In its annual study, DNV GL, claimed that 85 percent of American executives questioned believed there were reasons to expect an increase in drilling in 2019. In the corresponding figure for 2018, the figure was 60 percent.
U.S. oil and gas executives appeared to be more bullish than the global average of positive voices which DNV GL recorded at 76 percent.
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The group, which acts as a technical advisor to the oil and gas sector, added that almost half of U.S. companies were preparing for "significant increases" in spending on projects over the coming months.
"There are brighter prospects for activity and investment across the value chain this year and beyond," DNV GL's Americas Regional Manager Frank Ketelaars said in a press release.
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The January futures price of WTI rose to 88.13 dollars a barrel on the New York Mercantile Exchange. Futures rose by 0.8 %, after U.S. President Barack Obama made a new proposal as the solution of avoiding the
“fiscal-cliff” and House Speaker, John Boehner was able to change his opinion on the higher tax rates for high-paid employees in order to make a step towards the accomplishment of the agreement.
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In my observation today the best selling point of oil will be 53.02
and today the profitable buy point of oil will be 55.02
you will earn more money if you will follow my views
because i have posted this after checking the chart clearly
recently oil rate is 54.04
good luck .
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current price Oil/ 53.71
Resistance level 1/ 53.77
Resistance level 2/ 53.82
Resistance level 3/ 53.85
Support level 1/ 53.67
Support level 2/ 53.62
Support level 3/ 53.59
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Oil Technical analyse
current price Oil/ 53.58
Resistance level 1/ 53.65
Resistance level 2/ 53.69
Resistance level 3/ 53.74
Support level 1/ 53.55
Support level 2/ 53.52
Support level 3/ 53.48
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Oil Technical analysis
Level of Resistance
1-Resistance 53.73
2-Resistance 53.89
3-Resistance 53.98
Level of Support
1-Support 53.31
2-Support 53.27
3-Support 53.03