Thread: Oil
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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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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The best forex traders swear by daily charts over more short-term strategies. Compared to the forex 1-hour trading strategy, or even those with lower time-frames, there is less market noise involved with daily charts. Such charts can give you over 100 pips a day due to their longer timeframe, which has the potential to result in some of the best forex trades.
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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.
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.
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
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