Oil

[Asadjaved]

Dear i.forex members Good evening

OIL

On this Day i will predicted this pair have being bearish down direction.

the price is break Resistance and Trend Line and it is moving down 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 downtrend 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

[Alex vector]

Dear i.forex members Good evening

OIL

On this Day i will predicted this pair have being bearish down direction.

the price is break Resistance and Trend Line and it is moving down 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 downtrend 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.

[talhaahmad04]

Oil prices remained stable after the disappointing release of EIA supply data. A constant move above the $ 56.50 support level could open up a chance for oil prices to test the $ 58.00 resistance level before going to $ 59.00 and $ 60.50 in the long run. As for the downside movement, a break down $ 56.50 could trigger further bearish engagement to the next support at the level of 55.30. Overall, sentiment for oil prices appears to be fairly balanced, expectations of an extended deal cut in output offset by falling demand from China.

Resistant: 58.00 - 59.00 - 60.50

Support: 56.50 - 55.30 - 53.70

[Samranfaizan220]

Today market trend:sell

Market exchanging sign rely upon a pointers*

Resistance points and Support points of market goes down

The pointers educate us concerning business sector down so do the exchanging Sell and get an enormous benefit

So could the trading in Sell and get a huge profit

[Imo]

Oil Trend is sell


1 Resistance :64.49
2 Resistance :58.95
3 Resistance :55.97


1 Supporting :53.45
2 Supporting :50.47
3 Supporting :49.37

[Muhammadasif11]

Crude Oil
57.675-0.2650(-0.4600%)
09:39:00(GMT)|Real-Time Data, Quoted in USD
Open
N/A
Day's Range
57.650 - 57.940
Class
Commodities
Bid/Ask
57.660/57.690

[Iqlevel]

Crude oil price tests the support

Crude oil price tested 57.40 level and kept its stability above it, and continues to move inside the bullish channel that appears on the chart, supported by the EMA50, while stochastic gets rid of its negative momentum to approach the oversold areas.



Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, which its next main target located at 60.90, while its continuation conditions holding above 57.40.



The expected trading range for today is between 57.00 support and 60.00 resistance.



The expected trend for today: Bullish

[Furqan1212]

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

[ankur]

Resistance and Support points also given has signal of market up

now it is at resistance 1 level and it will again movie downward for a while,but after touching its high point,
it will move upward so the bid about buy will be in favor of traders at this time.

time frame that is considered while making support and resistance levels – use Daily and Weekly time frame,
consider the daily economic news before taking the trade.

[snake]

Forex Forecast with price level
Crude Oil WTI - pair in focus.
Current Price - 57.76
main support level - 57.59
main resistance level - 57.89
Pair likely to be in Sell today.