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The price is continue in the down trend direction.
it is break the last support at the 57.90 and making a pull back.
The rsi is still at the 30 level but if this is break the 59.63 level it will falling to the 58.23 and lower.
Parabolic sar is also in the down trend signal.
Good morning My Friends today Oil
fundamental analysis or technical analysis ko dekhte howey or market me ajj k din ki sport
or resistence ko follow karte howey market ki postion main
Ajj tazi aye gi ye nazar aa raha
hai tamam indiactor be yehi bata raha hain ke
market me ajj uper ki janab he tazi aye gi
es liye ager ajj ham buy karin gye tu ham ko faida ho ga
Buy 85% ho chuka hai
this pair has being bullish trends last some hours.
movement of this pair today on: BUY
most profitable high resistance of this pair today is:59.67
most profitable buying point is :58.67
most profitable selling point is : 59.34
these my personal analysis on market movements.
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
Good Morning and Welcome Friends
Today Oil Market analysis and trend:sell
Indicators bhi market ki down position ka he bata raha hain
RSI: BUY
PARABOLIC : Buy
MOVING AVARAGES: SELL
Resistance and Support points bhi hamain market ke down hony ka ishara de rahe hain isliye hamain sell main trade lagani
chahiye MY Openion : BUY
BEST OF LUCK
Oil
Resistance level hai,,,,,
1 Resistance level <<< 59.95
2 Resistance level <<< 60.10
3 Resistance level <<< 60.55
Supporting level hai,,,,,
1 Supporting level <<< 58.80
2 Supporting level <<< 59.30
3 Supporting level <<< 59.60
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 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 is Bearish
@ Resistance 59.75
@ Resistance 59.91
@ Resistance 60.05
@ Support 59.45
@ Support 59.27
@ Support 59.11
Oil trend is buy
1 Resistance 59.91
2 Resistance 60.15
3 Resistance 60.53
1 Support 58.86
2 Support 59.22
3 Support 59.57