Today market trend up.This is my view for oil . I think the maximum price will go up to 62.39$ and then it will drop sharply, to the first support at the price of 58.0$.Good luck my friends.
Thread: Oil
Today market trend up.This is my view for oil . I think the maximum price will go up to 62.39$ and then it will drop sharply, to the first support at the price of 58.0$.Good luck my friends.
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Technical analysis indicates many good trading opportunities and entry points but sometimes the timing of the exit points it indicates is premature. With fundamental analysis and fundamental forex signals you maximize the benefits of a good trade by keeping it open until the fundamentals shift and that position has run its full course. The technical indicators often reach oversold/overbought levels too early, which means that a technical trader has to close the position. Sometimes, technical analysis doesn’t point to anything so focus on yourself.
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Oil 2019, the annual IEA outlook for global oil markets, examines the key issues in demand, supply, refining and trade to 2024. This year, the report covers the following themes: a changed supply picture led by the rise of the United States in world markets thanks to rapidly-growing shale oil production, as it becomes a net exporter of crude oil and products; supply growth in the non-OPEC world, including Brazil, Canada, Norway and Guyana; and a falling capacity for the OPEC producers;
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.
Time Frame - 4 Hour
Currency pair - Copper
Buy @ - 2.839
Stop Loss - 2.814
Take Profit - 2.862
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.
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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.
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Due to the holidays and low liquidity around the world we are strictly taking scalps on the smaller time frames and shooting for small targets. Price broke 1.30 handle and is currently
Waiting for break of support on 1 hr Retest of Support on 1 hour candle or 4 2 consecutive 15 min sell candles Projected Entry EP 1.29395 SL 1.29652 TP1 1.29104 TP2 1.29118 TP3 1.28532
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Dear i.forex members
On this Day i will predicted this pair have being sell don direction.
the price is break Resistance and Trend Line and it is moving don side with having the long signal from the parabolic SAR.
the market trend could remain in this position and I expected support resistance levels.
A dot below the candles that indicates a uptrend direction
in addition to that we can see a sell signal on the MACD indicator.
I suggest to take short terms position on sell today.
time frame that is considered while making support and resistance levels – Daily and Weekly time frame,
consider the daily economic news before taking the trade thats giver big pips total intraday.
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The latest bullish sequence corresponds to the wave ((e)) labeled in green. This path runs since October 03rd, when Crude Oil found fresh buyers at $51.19 per barrel.
The 2-hour chart shows the price action running from the latest Fryday decline and its recovery below the short-term trendline.
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Oil ka 101 ke paas 1 bahut strong resistance lag raha hai...
jab tak isko cross nahi karega tab tak iski buying karna thik nahi lag raha
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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
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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