Oil

[Asifm730]

Oil

Resistance Level

Resistance Level (R3): 59.343
Resistance Level (R2): 58.847
Resistance Level (R1): 58.413

Pivot Point: 57.917

Supporting Level

Support Level (S1): 57.483
Support Level (S2): 56.987
Support Level (S3): 56.553

[Qasimbhayo786]

OIL Outlook: Bears are on hold but recovery attempts lack momentum for stronger advance
ANALYSIS | Published Jan 16, 2020 15:38 (+00:00)
US CRUDE OIL
WTI oil price bounced on Thursday after triple failure to clear 200DMA ($57.70) support.
Initial reversal signal is forming on daily chart after price action in past two days ended in Doji candles and subsequent advance.
Near-term action is also underpinned by rising daily cloud which increases risk of reversal. Daily stochastic is on track to emerge from oversold zone and RSI turns north, but momentum remains strongly negative and may obstruct recovery attempts.
Fresh advance tests initial resistance at ($58.59), but minimum requirement for confirmation of reversal is extension through pivotal barriers at $60.00/$60.48 (psychological/Fibo 38.2% of $65.43/$57.42).
Failure to clear 55DMA would signal prolonged sideways trading and keep the downside vulnerable, while break below 200DMA would generate negative signal.

[feeltop]

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 57.77
major high levels also known as resistance - 58.59

[UET]

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

[Zaib55]

Oil prices trim gains Oil prices have fallen back a little from earlier rises. Brent crude is now up 1.2% at $69.42 a barrel and West Texas Intermediate is ahead 0.95% at $63.65. Oil giant BP remained at the top of the FTSE 100 risers with its share price up 1.8% at 503.1p. Shell's share price is up 1% at £23.22.

[Saaho]

Market analysis about trading

Today market trend:sell

Pivot points
Current price
And
Resistance and Support points market ke nechay janay ke haq main hain
Sell ki trade profit de gi
Indicators ko follow karte hoye aur apni samjh soch ke sath trading karni chahiye

[Qasimbhayo786]

Oil

Commodities have reacted favorably to the headlines. Oil markets which are currently basking in the afterglow of China's pledge to buy more than $50bn in energy supplies from the US over the next two year have caught a fresh bid on the headline.

But the eye-watering products build and the prospects of a warmer winter could keep a lid on things but positive momentum is returning which is key.

[Fyyaz532]

Oil

Pivot point, Resistance level and support level is most important to understand before trading. Resistance Level shows markit is going up so buy is best for traders and Support Level shows market is going down so it is best for sell trading.
The support and resistance level educate us for markit trading up or down so we can trade sell or buy and get huge benefit in trading.
We also know about the movement of price up and down in down because of news. News of donald trump is most important. About USA and Chaina trades.
I have also make trading about these analysis of moving arevages. Parabolic SR.

[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.

[Muhammadfaizan]

An oil is any nonpolar chemical substance that is a viscous liquid at ambient temperatures and is both hydrophobic (does not mix with water, literally "water fearing") and lipophilic (mixes with other oils, literally "fat loving"). Oils have a high carbon and hydrogen content and are usually flammable and surface active.

The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile.[1] They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents.