Oil

Thread is oil, Todays position is buy



Resistance and Supporting levels

1 RESISTANCE =63.96

2 RESISTANCE =64.48

3 RESISTANCE =64.85

And

1 Supporting =63.25

2 Supporting =62.80

3 supporting =62.40

Its my opinion that day.

You trade at your own risk.

Best of luck to all members of forax community.

Oil is buy

Resistance and Supporting levels is :


Resistance level is

1> Resistance level is:6398
2> Resistance level is: 64.49
3> Resistance level is: 64.86


Supporting level is

1> Supporting level is: 63.23
2> Supporting level is: 62.73
3> Supporting level is: 62.43

Oil
Today Market analysis and trend:buy

Indicators bhi market ke up hony ka bata rahe hain

Resistance and Support points bhi hamain market ke up hony ka ishara de rahe hain isliye hamain buy main trade lagani chahiye

Oil



S3: 60.49
S2: 60.96
S1: 61.26

PP: 61.43

R1: 61.73
R2: 61.89
R3: 62.36

Oil #CL on the hourly timeframe comes to the lower limit of accumulation in the range of 62.96 - 64.62, there is an option for sale from the level of 62.96 with a stop at your discretion and goals in the region of 60.09 and below. An alternative is either to buy at the current price of 61.99, or wait for the price to roll back to the area of 60.09 - 61.14, from where to buy with a stop below the level of 60.09 and targets for a breakdown of accumulation 62.96 - 64.62. The next shopping target is to accumulate in the range of 64.62 - 66.58.

Oil prices have a chance to strengthen in the short term after an optimistic statement from energy ministers Saudi Arabia and Iraq to balance the market. On this day investors are looking forward to reports of US rig activity for US production instructions.

For the technical side, the nearest resistance level is seen at 55.00 area, penetrating upwards from that level could trigger further upwards to 55.30 area before aiming to the 55.90 area. On the downside, the 54.60 area is the nearest support level, breaking down from that level could push further decline to the 54.30 level before aiming to the area of 53.70.

Support level: 54.60 - 54.30 - 53.70
Resistant level: 55.00 - 55.30 - 55.90

On the break of this area, then next leg lower could be found between the 1.5835-1.5890 area, which presentsthe 127.2 Fibonacci retracement level set on wave A and the 61.8% Fib. level on 2017-2018 rally.

Theoretically however, we need to mention that “C” wave, is typically at least as large as wave A and often extends to 1.618 times wave A or beyond. This could lead below the 1.5400 barrier.

In the near term, correction to the upside could occur as the overall bias is negative, with immediate Resistance at 1.6600 and 1.6740.

Currency Pair => Oil
Hour 4 Signals => Strong Sell

Support & Resistance levels:

Support Level 1 => 61.65

Support Level 2 => 61.37

Support Level 3 => 61.09

Resistance Level 1 => 61.88

Resistance Level 2 => 62.26

Resistance Level 3 => 62.51

NOTE: "This is my Own Analysis, You Should Always Trade with Low Risk".

Oil Resistance + Support

Resistance UP
1> Resistance 62.54
2> Resistance 62.79
3> Resistance 62.81

Support DOWN
1> Support 61.61
2> Support 61.37
3> Support 61.15

Oil Technical analysis:

Level of Support
1. Support 69.63
2. Support 69.50
3. Support 69.31

Level of Resistance
1. Resistance 70.49
2. Resistance 70.65
3. Resistance 70.94