high level points of current day -
22.63
low level points of current day -
20.85
pair is highly in buy direction.
Thread: Oil
high level points of current day -
22.63
low level points of current day -
20.85
pair is highly in buy direction.
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Market analisisss..
using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit. to get consistent profits we must have a good strategy, many of the strategies we use but must match your trading style.
you also need to have emotional control, and good money management.I hope you can earn consistent profit from my signal, good luck
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Oil
The pair is in strong uptrend line targeting But a clear break of this blue uptrend line will trigger a strong bearish targeting
Major trend : upward
Minor trend : downward
current position, a position floting loss, -4. two positions have not been executed pending orders.
price is currently undergoing a correction, and it seems like the trend up will not change=
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The monthly chart is in a large Bearish channel. There is also a down Fibonacci ABCD swing with the D extension at the parity level. The Weekly chart is in a Bearish ABCD swing. The Daily Daily chart is also in a down ABCD swing as the counter trend line has been broken. I expect price to continue falling to 1.0136 which is the Daily Fibonacci D extension.=====
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Based on EIA data published for the week ended 22nd March last week, there were no real issues in terms of storage. However, that is all about to change, in the opinion of Robert Rennie from Westpac Institutional Bank.
“Given the current backdrop of what could be as much as a 15mbpd shock to global demand coinciding with what could be as much as a 5mbpd shock increase to global crude supply, the focus in paper crude markets will very quickly turn to storage capacity.
“Industry anecdotes are suggesting that pipes are beginning to fill and crude that was being piped to the gulf is suddenly becoming landlocked. Such is the case with WTI Midlands.
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Oil
The pair is in strong uptrend line targeting But a clear break of this blue uptrend line will trigger a strong bearish targeting
Major trend : upward
Minor trend : downward
current position, a position floting loss, -4. two positions have not been executed pending orders.
price is currently undergoing a correction, and it seems like the trend up will not change====
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Oil prices were mixed on Friday, with weak Chinese economic figures and rapidly filling U.S. crude storage offsetting bullishness built on U.S. President Donald Trump’s outlines for the U.S. economy to emerge from the coronavirus shutdown.
Brent futures rose 26 cents, or 0.9%, to settle at $28.08 a barrel while West Texas Intermediate crude contract (WTI) for June , which became the day’s more active contract, ended the session down 50 cents, or 2%, at $25.03.
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Oil
Resistance Level (R3): 62.277
Resistance Level (R2): 38.843
Resistance Level (R1): 7.927
Pivot Point: -15.5067
Support Level (S1): -46.423
Support Level (S2): -69.857
Support Level (S3): -100.773
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predictions for the day.
trading is risky if no analysis is done
Crude Oil WTI - is the currency pair we will be focusing on
major low levels also known as supports 20.16
major high levels also known as resistance - 21.70
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today my technical analysis on market trend with this pair.
market trend on BUY
moving average with buy 65%
moving average with SELL35%
Parabolic sar on BUY
SO if we trade buy side then we get sI predict this pair have bullish direction
I suggest to take LONG position today
time frame that is considered while making support and resistance levels – use Daily and Weekly time frame, consider the daily economic news before taking the tradehurely take profit to earn
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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