Oil

Today currency pair is : Oil


Current price:58.77

pivot point :58.69

Moving average:buy

volume Oscillator:buy


Resistance level of this pair is:

1# Resistance is: 58.84
2# Resistance is: 58.93
3# Resistance is: 59.03

Supporting level of this pair is :

1# Supporting is: 58.67
2# Supporting is: 58.50
3# Supporting is: 58.37

Trading pair is: Oil

My trend is: buy


Resistance and supporting level with the best indicators

Trading Best Indicators is,,,,,,,,,,,,

1,Moving average is: buy
2,Oscillators is: buy

Current price is : 58.74

Resistance level is ,,,,,,



1, Resistance is : 58.85
2, Resistance is :58.96
3, Resistance is : 59.05


Supporting level is,,,,,,,

1, Supporting is ;58.61
2, Supporting is : 58.48
3, Supporting is : 58.33

Today currency pair is : Oil


Current price:58.77

pivot point :58.69

Moving average:buy

volume Oscillator:buy


Resistance level of this pair is:

1# Resistance is: 58.84
2# Resistance is: 58.93
3# Resistance is: 59.03

Supporting level of this pair is :

1# Supporting is: 58.67
2# Supporting is: 58.50
3# Supporting is: 58.37

Saudi Arabia is considering reduction in prices for exports of September, can cause a slowdown in Asia Commercial Bank ... expected decline in oil prices in the near future. In case of breakthrough Brent below 115 USD is expected to fall 110 USD. WTI may soon fall below 90 USD ... Morgan Stanley is still bearish on natural gas prices and the expected robust increase in production in 2012 and higher stock ..

Currency pair Oil

Trend: Buy

Resistance level is:

Resistance is: 58.89
Resistance is: 58.96
Resistance is: 59.05

Supporting level is :

Support is: 58.68
Support is: 58.45
Support is: 58.34

OIL analysis


TREND UPTREND


Trend - Bullish Indicator - 52 Week High Chart - Weekly Strategy - Long term bull move Target - Should reach $13.25 before too much pressure Exit - Will exit if pair closes with a touch of the 52 week low.

Saudi Energy Minister Khalid Al-Falih is now out on the wires, reiterating his earlier comments about staying confident that 100% compliance with the output cut agreement will continue for the next four months.

CRUDE OIL PRICES
Crude Oil is a naturally occurring fossil fuel. It is formed from ancient organic matter – such as plankton and algae – that has been buried underground and exposed to extreme heat and pressure. Crude is one of the world’s most in-demand commodities, because it can be separated or refined into various consumer, industrial and energy products. These include gasoline (petrol), diesel, lubricants, wax, and other petrochemicals, many of which are used to manufacture plastics. The composition (or ‘qualities’) of crude oil varies by source, but there are two main high-quality types that are used

very critical zone. Touched the upper BB. it may create false breakout signal on Next trading day.May touch I locked my small profit.

In weekly chart its now on weak resistance . Next resistance is 113 .

Oil today trend is bullish

Resistance and supporting level is ;

1>Resistance 51.89
2>Resistance 52.37
3>Resistance 52.69


1>Support 50.89
2>Support 50.26
3>Support 49.86