SubscribeOil Trend is sell
1 Resistance :64.41
2 Resistance :58.93
3 Resistance :55.95
1 Supporting :53.49
2 Supporting :50.45
3 Supporting :49.39
Thread: Oil
Oil Trend is sell
1 Resistance :64.41
2 Resistance :58.93
3 Resistance :55.95
1 Supporting :53.49
2 Supporting :50.45
3 Supporting :49.39
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Current trend
This week, WTI crude oil decreased and is now near 55.40.
Investors fear the delay or failure of signing a limited US-China trade agreement. Yesterday, representatives of the US administration said that the parties continue to work on the agreement, but may not have time to draw it up before the APEC summit in Chile. Today, Reuters reported that Beijing is hesitant to commit to purchasing a large amount of US agricultural products, which is one of the main points of the deal. Under these conditions, the market ignored the reduction of US oil reserves by 708K barrels according to API. In the evening, the EIA report will be published. Stocks are expected to grow by 0.494 million barrels. The realization of the forecast can put pressure on prices. Also, the Fed meeting may have an impact on quotes. The easing of monetary policy is likely to contribute to higher prices.
Support and resistance
Technically, the price tends to 54.68 (Murrey [3/8]), breaking through which, it will be able to drop to 53.12 (Murrey [2/8]) and 51.56 (Murrey [1/8]). The level of 56.25 in the center of the Murrey trade range is the key for the "bulls". Its breakout will give the prospect of growth to 57.81 (Murrey [5/8]) and 59.37 (Murrey [6/8]).
Technical indicators don't provide a clear signal: Bollinger Bands are directed upwards, Stochastic left the overbought zone, and MACD histogram is at the zero line, its volumes are insignificant.
Resistance levels: 56.25, 57.81, 59.37.
Support levels: 54.68, 53.12, 51.56.
Trading tips
Long positions may be opened above 56.25 with targets at 57.81, 59.37 and stop-loss at 55.10.
Short positions may be opened after the consolidation below 54.68 with targets at 53.12, 51.56 and stop-loss at 55.60.
Implementation period: 4-5 days.
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Oil Trend is buy
1 Resistance level:64.41
2 Resistance level:58.94
3 Resistance level:55.92
1 Supporting level:50.43
2 Supporting level:46.25
3 Supporting level:43.69
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Today Pair is : Oil
Market Trend : Bearish
%Resistance<>63.47
%Resistance<>61.32
%Resistance<>60.53
%Supporting<>57.36
%Supporting<>55.48
%Supporting<>53.17
time frame support and resistance levels : Daily and Weekly,
indicators: Bollinger Bands and fibbo.
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Crude Oil
58.325+0.0950(+0.1600%)
Open
N/A
Day's Range
58.130 - 58.320
Class
Commodities
Bid/Ask
58.310/58.340
Symbol
CL
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Hi traders,
Today by checking the all routine of he chart and indicator i have come to know that today the market of the oil will move in down way so i suggested tha today we should choose the option of sell fro trading. Hope you will follow me aand will get more inocme because i have posted this after checking the maarket carefully.
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Oil
11.88
prev
11.94
open
7.768k
volume
11.88 — 11.96
day's range
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Oil Trend is sell
1 Resistance :64.41
2 Resistance :58.93
3 Resistance :55.95
1 Supporting :53.44
2 Supporting :50.45
3 Supporting :49.39
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.
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.
guys 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.
As this pair we know that .Big movement of every pair also because of news. News of donald trump is most important. About USA and Chaina trades...
I am doing trading on this pair . After the analysis of moving arevages . Parabolic SR.
And also Use MACD trend analysis
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