Oil

[Iqlevel]

Crude oil price faces negative pressure

Crude oil price returns to recover after the decline that it witnessed yesterday, as the EMA50 managed to protect the price from suffering more losses, to keep the main bullish trend valid on the intraday and short term basis, organized ni the bullish channel that appears on the chart, waiting to resume the bullish bias that its next target located at 60.90.



On the other hand, we should note that breaking 57.40 will stop the expected rise and press on the price to return to the correctional bearish track that its next target located at 54.60.



The expected trading range for today is between 58.00 support and 60.90 resistance.



The expected trend for today: Bullish

[RYK]

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

[Zanu25]

Crude Oil
58.895-0.0250(-0.0400%)
Open
N/A
Day's Range
58.810 - 58.920
Class
Commodities
Bid/Ask
58.880/58.910
Symbol
CL

[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

[11Star]

Calculation For Trading:
Resistance Level (R3): 60.310
Resistance Level (R2): 59.740
Resistance Level (R1): 59.290
Pivot Point: 58.720
Support Level (S1): 58.270
Support Level (S2): 57.700
Support Level (S3): 57.250

[Adnanmehdi]

Oil

© Resistance 64.49
© Resistance 58.93
© Resistance 55.99


© Supporting 53.43
© Supporting 50.46
© Supporting 49.39

[Huma755]

Oil

Resistance level
Resistance level 64.43
Resistance level 58.91
Resistance level 55.97

Supporting level
Supporting level 53.41
Supporting level 50.43
Supporting level 49.37

[Naeem88]

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.

[Zain25]

Crude Oil
58.885-0.0350(-0.0600%)
Open
N/A
Day's Range
58.810 - 58.920
Class
Commodities
Bid/Ask
58.870/58.900
Symbol
CL

[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