Oil

Oil




Resistance and Supporting levels with Pivot Point



Indicators :


Parabolic is:bearish
Fisher transform:bearish



Resistance level


1- Resistance level is:59.23
2- Resistance level is: 59.65
3- Resistance level is: 59.91


Supporting level is:


1- Supporting level is: 58.62
2- Supporting level is: 58.34
3- Supporting level is: 58.09

Oil going on 89.5, I trust it will increment and going to inversion for 100, trhen 100 and it going to contact 100 in coming days however after some amendment,

Analysis Support and Resistance


Support 1:58.44
Support 2:58.26
Support 3:57.98

Resistance 1:59.00
Resistance 2:59.18
Resistance 3:59.46

Note Must Read

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Daily analysis of the pair Oil

today trend is: Buy


Resistance level:

1- Resistance : 59.24
2- Resistance : 59.74
3- Resistance :59.95


Supporting level :

1- Supporting : 58.65
2- Supporting : 58.41
3- Supporting : 58.21

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.

Technical analyse Oil

Resistance lever 1 > 58.83
Resistance lever 2 > 58.67
Resistance lever 3 > 58.96

Support lever 1 > 57.35
Support lever 2 > 57.22
Support lever 3 > 57.05

Oil futures rose slightly in Asian trading Wednesday as U.S. policymakers gave traders hope the world�s largest economy is making progress toward averting the fiscal cliff.

On the New York Mercantile Exchange, light, sweet crude futures for February delivery added 0.02% to USD88.42 per barrel in Asian trading Wednesday. Crude traded as high as USD88.50 per barrel and as low as USD88.34.

Oil
technical analysis
this is a sensitive price rate
the price oil buying point is 58.26 and the selling point 58.63

Oil Resistance and Supporting

Resistance 1 - 58.63
Resistance 2 - 58.85
Resistance 3 - 58.97

Supporting 1 - 58.25
Supporting 2 - 58.21
Supporting 3 - 58.15

Oil Resistance & Support

Resistance
1-Resistance 67.71
2-Resistance 67.80
3-Resistance 67.95
Support
1-Support 66.36
2-Support 66.24
3-Support 66.03