Oil

[Shair]

oil
Understanding the clues candles hold
One of the best things about the clues we find in candlesticks is that they are visual and very intuitive to the trader.
Think you’re not intuitive? Well try this simple test …
Which of these patterns signals an up trend, and which signals a downtrend?
1. Dark cloud cover 2. Morning star 3. Three black crows
If you answered “down”, “up”, “down” – you’d be absolutely right. And you’ve just passed your first test in candlestick theory!
With practice, reading candlesticks will become second nature – a quick glance can give you confirmation to enter a trade you’re dithering over, or it can tell you that now is the moment to exit and take profits.
Over the following pages, I want to show you how you can learn to spot these patterns quickly and easily. I’ll also let you in on the patterns that

[Asifm730]

Oil

Resistance Level

Resistance Level (R3): 53.257
Resistance Level (R2): 52.593
Resistance Level (R1): 51.287

Pivot Point: 50.623

Supporting Level

Support Level (S1): 49.317
Support Level (S2): 48.653
Support Level (S3): 47.347

[Shan55]

Usoil
cfds on crude oil (wti)
50.47
usd
+0.59 (+1.18%)
market open (feb 04 11:29 utc-5)
49.88
prev
49.88
open
429.959k
volume
49.64 — 51.53
day's range

[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

[Iqlevel]

Candlestick charts are the most common chart types used by retail traders and investors. There are many other types of charts such as line charts, bar charts etc., but they don’t tell the story of past price action like candlestick indicator patterns do. When active trading is based solely upon technical analysis, projecting future price action is rooted in how the price has behaved in the past.

Candlestick analysis is a very useful form of technical analysis. It works almost perfectly in volatile times but also functions adequately in less volatile times. All in all, candlesticks, as well as candlestick trading, works fairly well in isolation or when combined with one or two other indicators.

Candlesticks represent fluctuations in price for a certain period of time. Durations may be as little as one minute or as large as a week or month. The body of the candlestick is the price difference between the opening and the closing time. The two vertical lines on each side, which are called shadows or wicks, display the highest and the lowest point of the price for that period of time.

[Zeeshan420]

Today Market trend:sell

Current price aur previous price market ke down hony ka ishara de rahe hain

Resistance and Support points bhi market ke down hony ka ishara de rahe hain

Isliye hum ko sell main trade laga deni chahiye

[Shahzadahmed4850]

Oil

Crude oil four-hour chart
Black gold is having a sharp selloff to $60 a barrel and the 200 SMA on the four-hour chart. As the bears took control the market is more likely to continue to explore lower prices towards 57 and 55.50 price levels. Resistances are seen near 61, 62 and 63 handles.

[Royal003]

Today's market trend: Sell

kal ki downward movement ko market continue kar skta hai kyuki market meh kafi downtrend tha kal or sellers kafi control me the ,
halaki price abhi ek resistance level pe hai us resistance ko market ache se test karega agar ye level break hota hai toh pakka strong down
Best of luck.... 👍✌

[Adnanali]

Oil

Resistance level
1.Resistance level 62.16
2.Resistance level 62.45
3.Resistance level 62.99

Supporting level
1.Supporting level 61.27
2.Supporting level 60.97
3.Supporting level 60.40

[Lipsee]

Crude oil cost gave positive exchanging to approach retesting 51.80 level, and starts to decrease currently, to keep the bearish pattern situation substantial and dynamic for the remainder of the day, contingent upon the ...