The IEA Monthly Oil Data Service provides a detailed database of historical and projected information used in preparing the monthly IEA's Oil Market Report (OMR).
Thread: Oil
The IEA Monthly Oil Data Service provides a detailed database of historical and projected information used in preparing the monthly IEA's Oil Market Report (OMR).
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Oil trends to bearish
1 Resistance 64.47
2 Resistance 58.91
3 Resistance 55.95
1 Supporting 53.43
2 Supporting 50.41
3 Supporting 49.31
Eagle
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.
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Oil
Resistance level
1.Resistance level 64.45
2.Resistance level 58.99
3.Resistance level 55.95
Supporting level
1.Supporting level 53.47
2.Supporting level 50.41
3.Supporting level 49.39
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Oil is sidelined below three-month highs hit on Friday likely due to concern reduced production won’t meaningfully curtail supply. Brent oil is currently trading largely unchanged on the day at $65.30 per barrel, having hit a three-month high of $65.76 on Friday.
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Oil
WTI Crude holding minor support at 5875/65 again as I write to re-target 5915/25 before a retest of 5975/85. A break above 6000 takes us towards a selling opportunity at 6080/6100, with stops above 6140.
Below 5875/65 re-targets 5810/00 but try longs at 5785/75 with stops below 5750. A break lower is a sell signal targeting 5700/5690, perhaps as far as 5655/45.*
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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
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OIL
‘Major milestone’: US could become a sustained net oil exporter as soon as next year, IEA says
SQUAWK BOX ASIA
There will be some headwinds for Saudi Aramco: Strategist
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Oil prices are up almost 2% after Opec and its allies voted to cut production by another 500,000 barrels. Brent Crude oil futures have risen 1.83% to $64.55 a barrel. Meanwhile West Texas Intermediate oil futures are up 1.78% to $59.47 a barrel.
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