Oil

I have just opened a light oil sale (#CL). The risk to the deal is minimal - the stop loss is put several points higher than yesterday's spike (the H1 time frame). If it works, then I plan to restart when rebounding from the resistance level of 71.85. False breakout will be fine for me, too.
The ground for sale: the H1 time frame – the Over & Under pattern was formed; the H4 time frame - the Double top figure is being formed.

Oil - US Crude


SUPPORT AND RESISTANT LEVEL
S3: 60.85
S2: 61.28
S1: 61.55

PP: 61.72

R1: 61.99
R2: 62.16
R3: 62.59
TRADE AT YOUR OWN RISK GOOD LUCK

A drug is any substance that, when inhaled, injected, smoked, consumed, absorbed via a patch on the skin, or dissolved under the tongue causes a physiological change in the body.

Oil prices settled above the psychological barrier at $ 90.00 a barrel, and above SMA 50, along with continued positive signals coming from the stochastic to a daily timeframe.
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Thus, these factors support our expectations for the continuation of the upward trend in the short term and the following targets start at 93.00 and then away to the psychological barrier of 100.00

Oil prices have the potential to continue rising today after yesterday hitting the highest level since the summer of 2015 with geopolitical risk sentiment in the Middle East especially in Saudi Arabia with the measures taken by the government to support an extension of production cuts. Also on this day investors are also waiting for a report on oil reserves from the American Petroleum Institute released at the end of trading hours that analysts expect will be a decline in oil, gasoline and refined oil reserves.

The nearest resistance level is seen at the 57.60 area, penetrating upwards from that area could trigger further upwards to the 58.00 area before targeting the 58.60 area. Meanwhile for the downside, the 57.00 area becomes the nearest support point, a break below that area should be able to reverse the trend to be bearish targeting the next support at 56.60 before aiming to 56.00.

Support level: 57.00 - 56.60 - 56.00
Resistant level: 57.60 - 58.00 - 58.60

Oil

Today Trend is:sell

Resistance and Supporting level today,s


Resistance level today,s is

First Resistance is:61.96
Second Resistance is: 62.24
Third Resistance is: 62.68


Supporting levels today,s is

First Support is: 61.49
Second Support is:61.12
Third Support is:60.80

so today by checking the technical indicator and all previous routine of the
chart i have come to know that tomorrow the market of Oil will move in
up way
so i suggest you to choose the option of buy for trading
I hope you will follow me and you will get more income because i suggested this after seeing the market and indicator completely
All the best my friends. ]

Analysis of OIL

Support and Resistance Level are..

Resistance level 1: 63.99
Resistance level 2: 64.48
Resistance level 3: 64.88



Supporting level 1: 63.22
Supporting level 2: 62.76
Supporting level 3: 62.44

Now oil is showing very good growth, after the breakdown of the moving average with a period of 200 went to the top of the price, there is a fastening above 86 dollars, and very well tested extensively level 76 on the reverse side, the histogram is growing .

Thread is oil

Now oil is showing very good growth, after the breakdown of the moving average with a period of 202 went to the top of the price, there is a fastening above 84 dollars, and very well tested extensively level 75 on the reverse side, the histogram is growing.
Best of luck to all members of forax community.