Oil

[Irfan7]

(Kitco News) - Gold and silver prices are down in early U.S. futures trading Wednesday, as it appears the bearish aspect of reduced consumer demand for the precious metals amid the potential for a slowdown in global economic growth is presently trumping the safe-haven demand aspects of the coronavirus scare. China, which is hit hardest by the outbreak, is a world leader for consumer gold demand. It can also be correctly argued the gold market is seeing a corrective pullback from recent solid gains that pushed prices to a seven-year high earlier this week. April gold futures were last down $5.90 an ounce at $1,644.10. March Comex silver prices were last down $0.241 at $17.95 an ounce.

[RYK]

Oil was trading all day virtually unchanged, the couple is in a corrective phase after yesterday's strong growth rate close to the blue line Ichimoku, the underlying trend-north, with the resumption of growth will be buying.

[NAZ]

Dear friends
Forex is the best earning website if we knolldge of forex tradeing system we make there good and huge profit .
I advise you forex trade use only
RSI
And
Zigzag indicater
There you stop if u loss trade then stop if u make profit then u stop trade and take profit .

[Arifzaziz]

Patience for the deal is not only important, but it is an integral part of the conditions for opening deals. How we can insist on losing days and not be patient with profit, as most dealers find them merely what they achieve some points, they find them rushing to close the deal for fear that the points will decline, even if they leave it to its Lord, it doubles Profit is 10 times or more. On the whole, patience is inevitable if you want to complete the Forex walk, but patience with deals does not mean that we are patient about losses, but we have to be patient to respect the rules of the strategy that we apply. We have the price or whatever we achieve Rabaha where - Patience means to respect the rules of the strategy until the end.

[Nelson]

OIL

Resistance UP ^

pivot point # 64.70

1#Resistance 64.77

2# Resistance 64.89

3# Resistance 64.98

Support DOWN V

1# Support 64.44

2# Support 64.31

3# Support 64.21

[Focky]

i express my opinion about this pair..
As All of you know that . this trading pair is too good for best tradong is pair . this trading pair gives us lot of experience. . by the trading in this pair we will be able to earn large profit .its all becouse of its movement. after the understanding of pro EMA trading analysis. its all candle pre-inform you about future movement.
95% chances of profit aftar analysis of these indicators So i am always refer the indicator for analysis ... .
i suggest you this analysis indicater for 95% chances...
goodluck..
pair and that according to the green color shown by the Bollinger Bands indicator determining by that the main market direction A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal t his pair can continue bullish trend now current price at and strong support at level in hourly time frame there is possible chance price will move to up side


👑 Post achi lagay tu thanks per click kren 🎀

[secritforexstar]

Foreign Exchange as a Financial Market Currency exchange is very attractive for both the corporate and individual traders who make money on the Forex - a special financial market assigned for the foreign exchange. The following features make this market different in compare to all other sectors of the world financial system: • heightened sensibility to a large and continuously changing number of factors; • accessibility to all traders in the major currencies; • guaranteed quantity and liquidity of the major currencies; • increased consideration for several currencies, round-the clock business hours which enable traders to deal after normal hours or during national holidays in their country finding markets abroad open and • extremely high efficiency relative to other financial markets. This goal of this manual is to introduce beginning traders to all the essential aspects of foreign exchange in a practical manner and to be a source of best answers on the typical questions as why are currencies being traded, who are the traders, what currencies do they trade, what makes rates move, what instruments are used for the trade, how a currency behavior can be forecasted and where the pertinent information may be obtained from. Mastering the content of an appropriate section the user will be able to make his/her own decisions, test them, and ultimately use recommended tools and approaches for his/her own benefit.

[11Star]

Brent Oil (or Brent Crude) is a major trading classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide. It is extracted from the North Sea. Brent oil contracts in the ICE (Intercontinental Exchange) are quoted in US dollars. It is the benchmark used primarily in Europe though it is also mixed in with the OPEC Reference Basket which is used around the world. Brent blend makes up more than half of the world's globally traded supply of crude oil. Crude oil is the highest volume contract that is traded worldwide for a physical commodity.

[Abdullah 786]

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WTI Oil Outlook: WTI price establishes below $50 on rising pressure over fears of coronavirus pandemic
ANALYSIS | Published Feb 26, 2020 10:09 (+00:00)
WTI OIL
The WTI oil’s near-term action remains firmly in red and extends steep fall into fourth straight day.
Today’s break below psychological $50 level and former low at $49.41 (4 Feb) pushed oil price to the lowest levels since early January 2019.
Growing fears of coronavirus pandemic and its strong negative impact on global oil demand keep oil price under increased pressure and risk further fall.
Optimism over OPEC+ action in increasing production cut, so far provided little support to oil price, with market focusing on the outcome of group’s meeting on 5/6 March.
Daily studies show rising negative momentum and MA’s in full bearish setup that maintains negative tone, with close below $49.41 to confirm.
Bears could extend significantly if situation with coronavirus deteriorates as there are no obstacles until $46.46 level (Fibo 61.8% of $27.71/$76.78, Jan 2016 / Sep 2018 ascend).
US crude stocks are expected to rise further (API report on Tuesday showed build of 1.3 mln bls with Government’s report (EIA) due today and forecasted to 2 mln bls build compared to last week’s 0.4 mln bls rise.
Higher than expected results on today’s release would further depress oil price.
Broken $50 level now marks initial resistance, with extended upticks to stay under falling 20DMA ($51.47) and keep bears in play.

Res: 50.00; 50.45; 50.64; 51.47
Sup: 49.03; 48.75; 48.18; 47.42

[Naeem88]

I anticipate this pair OIL have bullish course
.
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.

I recommend to take LONG position today.

time allotment that is considered while making backing and opposition levels – Day by day and Week by week time allotment, think about the day by day monetary news before taking the exchange.