Oil

OIL

Today Market Trend is : BEARISH

Today Resistance level :-

1= Resistance level is: 52.41
2= Resistance level is: 52.47
3= Resistance level is: 52.56

Today supporting level :-

1= Supporting level is : 52.21
2= Supporting level is : 52.10
3= Supporting level is : 51.98

Parliament votes this evening to authorize PM May to seek an extension to Article 50. The EU will need to approve it and there are signs they will push back, but FX traders are currently focused on the UK side of the deal. Parliament voted against a no-deal Brexit yesterday and the pound surged in the third day of aggressive swings. GBP is the strongest currency so far this week. What happens next could be even more explosive with talk that the ERG could support May's deal. Better US economic data continued to fuel broader optimism. The Premium GBP trade for subscribers was closed for 160 pips right before yesterday's vote and a new one was filled at the bottom of the subsequent pullback. Details of our existing LONG oil trade entered in Feb are found below-- currently 400 pts in the green.

My own analysis For this pair CRUDE OIL

Pivot Point is 58.22

Support 1 57.71

Support 2 56.83

Support 3 55.44


Resistance 1 59.10

Resistance 2 59.62

Resistance 3 61.01

Trade at your own risk

Crude Oil has been trading inside a range for about a month now. It made a strong bullish reversal from the lows in late December and climbed nearly $16 since then, but it found found resistance at the $58 level and it turned back down from there. Donald Trump helped the sellers with his tweets asking for OPEC to stop manipulating crude Oil prices higher.

Oil distorted by the reflection of a negative trend line EURUSD at 82.30/50 U.S. $ / barrel, so it opens up significant technological potential ... But the key would be willing to pass through the highs Friday 82.60 / 80 USD / barrel.

***~Oil~***


according to market technical analysis the market have down trend
the market trend could remain in this position
expected resistance and support levels
market price ----------57.44

1- Resistance level----------57.58
2- Resistance level----------57.71
3- Resistance level----------57.82
1- Support level-------------57.29
2- Support level-------------57.16
3- Support level-------------57.06

***good luck all***

Amid the continued improvement in risk sentiment as trade war tensions ease and with Saudi Arabia pledging to take aggressive action to curb production, Brent crude futures saw its largest weekly gain since the beginning of the year, rising over $6/bbl. Alongside this, the rally in oil prices has seen the futures curve move into backwardation, consequently maintaining the bullish and thus raising the scope for a move towards $70/bbl. Elsewhere, among the catalysts that have also underpinned oil prices in recent months have been the sanctions that the US have placed on Iran and Venezuela.

Bullish trend is continue after US and China deals, I recommend Buy order at the price 54.54. Wait for confirmed signals and place orders according to your money management R.R ratios.

Support and Resistance level are;

S 1; 54.54
S 2; 54.41
S 3: 54.27
R 1: 54.74
R 2; 54.88
R 3: 55.08

Oil pair is currently traded at 58.62 price and bullish trend is continue.

Pivot point: 58.45
Place Stop loss at: 57.31
Place Take profit at: 59.35

Support and Resistance levels are;
First Support: 58.43

Second Support; 58.09

Third Support: 57.53

First Resistance; 58.78

Second Resistance; 59.24

Third Resistance: 59.52

Currency pair is : Oil


Current price:58.90

pivot point :58.72

Moving average:buy

volume Oscillator:buy


Resistance level of this pair is:

1# Resistance is: 58.99
2# Resistance is: 59.08
3# Resistance is: 59.21

Supporting level of this pair is :

1# Supporting is: 58.79
2# Supporting is: 58.65
3# Supporting is: 58.52