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oil kaafi time se bnahut strong chal raha tha may be because of Libiya riots..
lekin last kuch dino se oil kaafi down gaya hai..isne recently 94 ki value ko tod diya hai..
ab tak isne uptrend ka koi signal nahi diya..to lagta hai ki ye aur neeceh ja sakta hai
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
current price 62.03
support1 61.20
support2 60.70
support3 60
going down to touch 58 oil in this month
oil ek bohat e acha paair hai humain is main se kafi acha profit hasil hota hai lamin humain is rofit ka us waq koi khas faida nhi hota hai jab tk hum ss per dil lga ker kam nhi kerty hain jab hum is per dil lga kerkam kerty hain toh humain is main se kafi acha profit hasil ho sakt hai
The oil was quite volatile today in the New York trading session as German investor confidence index jumped in December to its seven-month high and approaching meeting of OPEC in Vienna, the results of which would by as applying limitations on oil production. The January futures price of WTI fell to 85.20 dollars a barrel than strengthened up to almost 86 level.
Pivotal Points: 61.57
Resistance 3: 63.51
Resistance 2: 62.85
Resistance 1: 62.23
Support 1: 60.95
Support 2: 60.29
Support 3: 59.67
Currency Pair: Oil
Hour 4 Trend: Buy
Support and Resistance levels:
Support 1=====> 62.18
Support 2=====> 62.03
Support 3=====> 61.75
Resistance 1=====> 62.28
Resistance 2=====> 62.52
Resistance 3=====> 62.78
Hi traders
I am visiting this thread first time because I choose CL for trading a few days ago. According to my technical analysis, CL looks bullish from 43.50 Level to me because the Wednesday move of CL breaks the bearish structure on the H1 time frame and now CL is in retracement mode it moves in the upward direction from the 61 0r 78 Fibo level towards the 127 FIBO EXT.
OIL
current price 62.03
support1 61.20
support2 60.70
support3 60
going down to touch 58 oil in this month
Good Afternoon Dear Traders
Crude oil price fluctuates within sideways track between the key support 60.86 and the EMA50, and as long as the price is below 62.60, bearish overview will remain valid for the upcoming period, reminding that breaking the support will push the price towards 57.33 as a next main station.
On the other hand, we should note that breaching 62.60 will stop the correctional bearish wave and push the price to achieve gains that start at 65.00 and extend to 66.60.
The expected trading range for today is between 59.70 support and 62.60 resistance. The expected trend for today is Bearish. That's my analysis let's see what market will do next. In trading we can't expect 100% right.
Best of luck Traders. :1f607: