Oil

Oil - US Crude analysis

SUPPORT LEVEL AND RESISTANT LEVEL
S3: 60.69
S2: 60.99
S1: 61.14

PP: 61.3

R1: 61.45
R2: 61.61
R3: 61.92

OIL

current price 62.03

support1 61.20

support2 60.70

support3 60


going down to touch 58 oil in this month

Oil has not left its bullish trend. Correction approaching the pivot (91.68), are likely to bring the oil up to the 94.00 level. Bullish trend still dominate today's market.

The January futures price of WTI rose to 88.13 dollars a barrel on the New York Mercantile Exchange. Futures rose by 0.8 %, after U.S. President Barack Obama made a new proposal as the solution of avoiding the
“fiscal-cliff” and House Speaker, John Boehner was able to change his opinion on the higher tax rates for high-paid employees in order to make a step towards the accomplishment of the agreement.

OIL

Current price 62.54

support1 60.31

support2 59.00

support3 58.10

resssistance 164.15

ressistance2 65.50

ressistance3 67.30

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

If a M15 close above 88 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 86 sell only and do not buy. If price closes back above it again do nothing

The range 85 and 86 is neutral area, any trade done in between is personal decision and not part of this analysis

Technical analysis of Oil is buy

Resistance and Supporting levels is :


Resistance level is

1> Resistance level is:62.23
2> Resistance level is: 62.59
3> Resistance level is: 62.96


Supporting level is

1> Supporting level is: 61.80
2> Supporting level is: 61.43
3> Supporting level is: 60.90

Oil is buy .

1 Resistance 62.23
2 Resistance 62.59
3 Resistance 62.96



1 Support 61.87
2 Support 61.45
3 Support 60.97

Thread is oil

Todays my technical analysis of oil

Resistance and Supporting levels is :


Resistance level is

1> Resistance level is:62.25

2> Resistance level is: 62.60

3> Resistance level is: 62.95


Supporting level is

1> Supporting level is: 61.82

2> Supporting level is: 61.45

3> Supporting level is: 60.88

Good luck.