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Oil prices on both sides of the Atlantic fell on Wednesday after industry showed an uptick in US crude oil production.
Brent crude fell 0.30% to 471.75 per barrel and West Texas Intermediate (WTI) slipped lower by 0.54% to $62.61 per barrel.
The American Petroleum Institute(API) said on Tuesday that US crude inventories rose by 2.4 million barrels last week, to 480.2 million barrels, topping the expectations for a decrease of 599,000 barrels by a big margin, according to Reuters news.
The black gold may further drop later today if the US Energy Information Administration's reports a big jump in the oil stockpiles.
The price dip, however, could be short-lived, courtesy of escalating tensions between the US and Iran. President Donald Trump on Monday threatened Iran with "great force" if it attacked US interests in the Middle East. Further, acting US Defense Secretary Patrick Shanahan said threats from Iran remained high.
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my analysis of Oil
Today Trend is:sell
Resistance and Supporting level today,s
Resistance level today,s is
First Resistance is:62.89
Second Resistance is: 63.06
Third Resistance is: 63.29
Supporting levels today,s is
First Support is: 62.12
Second Support is:61.98
Third Support is:61.74
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Oil
Parabolic is : sell
Moving average:sell
Current price:62.60
Pivot point:63.19
Resistance and Supporting level :
1.Resistance level is : 62.74
2.Resistance level is :62.85
3.Resistance level is : 6.98
1.Supporting level is : 62.48
2.Supporting level is : 62.33
3.Supporting level is :62.25
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Oil (September) WTIBlack gold tends to slide testing 93.90 / 70 USD / barrel, the breakthrough opens the potential for 92.80 / 60 USD / barrel ... possible combination of negative ISM service sector on Wednesday and Friday nonfarm Payrolls negative potential direction of the opening $ 90.00 / barrel .. first resistance at 95.50 / 70 USD / barrel.
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Falling trend line resistance is now at 0.6647. A break above this barrier – likewise confirmed on a daily closing basis – would neutralize immediate selling pressure and put the spotlight on resistance in the 0.6699-0.6727 chart inflection region.
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Oil
Parabolic is : sell
Moving average:sell
Current price:62.60
Pivot point:63.19
Resistance and Supporting level :
1.Resistance level is : 62.74
2.Resistance level is :62.85
3.Resistance level is : 6.98
1.Supporting level is : 62.48
2.Supporting level is : 62.33
3.Supporting level is :62.25
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Technical analysis of Oil is sell
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is:62.96
2> Resistance level is: 63.49
3> Resistance level is: 63.77
Supporting level is
1> Supporting level is: 62.23
2> Supporting level is: 61.66
3> Supporting level is: 61.22
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Oil
Today Trend is:sell
Resistance and Supporting level today,s
Resistance level today,s is
First Resistance is:62.89
Second Resistance is: 63.06
Third Resistance is: 63.29
Supporting levels today,s is
First Support is: 62.12
Second Support is:61.98
Third Support is:61.74
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Last 2 din ki candel ke hisab se lagta hai ki oil ka trend thdoa down side chal raha hai
94 ke as pas iska 1 chota sa support hai..i think oil 94 tak jayega uske bad uptrend me jayega
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If anyone has any thoughts, it would be nice to hear (see). Only without flooding, bit, about "amen" and dramatic wailing "forever and never" Can not it be easier for the people: open interest = purely gesheft or as there in pindo-in - "business as usual". As for me the markup of BNP-PARIBAS, I can google daily (BNP), I'm quite happy with it, 71 ++ (Brent) and further, probably a rollback, according to the statistics of the first quarters on the long-term, retrospectively, rolls, we can jump very deep (58 Brent = 48 WTI $, on the vskidku). As probability. And what is the option itself as not a dispute, we will argue with you, the poor fellow , for a term and strike?
