Oil Trend is sell
1 Resistance :64.43
2 Resistance :58.96
3 Resistance :55.98
1 Supporting :53.44
2 Supporting :50.42
3 Supporting :49.37
Thread: Oil
Oil Trend is sell
1 Resistance :64.43
2 Resistance :58.96
3 Resistance :55.98
1 Supporting :53.44
2 Supporting :50.42
3 Supporting :49.37
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Oil
Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased in recent times. Two major benchmarks for pricing crude oil are the United States' WTI (West Texas Intermediate) and United Kingdom's Brent. The differences between WTI and Brent include not only price but oil type as well, with WTI producing crude oil with a different density and sulfur content. The demand for crude oil is dependent on global economic conditions as well as market speculation. Crude oil prices are commonly measured in USD. Although there have been discussions of replacing the USD with another trade currency for crude oil, no definitive actions have been taken.
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Oil
11.97
prev
11.95
open
2.527k
volume
11.79 — 11.95
day's range
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Hello Dear i.forex members Good morning
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.
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Oil technically analysis points of the day
Today Market trend:sell
Market trading sign depend upon a pointers The pointers instruct us concerning business segment down so do the trading sell and get a huge advantage Directly the trading of Sell is continuously beneficial If you need a complete your dreams so come in forex and do the trading
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Oil
Trend is buy
Resistance levels
Resistance level1>>>64.47
Resistance level2>>>58.93
Resistance Level3>>>55.93
Supporting levels
Supporting level1>>>50.41
Supporting level2>>>46.29
Supporting level3>>>43.65
Give Thanks if you like.
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For a quick entry, you can watch the hourly timeframe. The working levels will be the buy / sell marks 58.07 and 54.69. At the close of the hourly candle, we enter the deal after the level. For Buy: StopLoss - 57.07. TakeProfit - 61.07. For Sell: StopLoss - 55.69 TakeProfit - 51.69 Exit from the transaction only by TP or SL. With other options, the expenditure part may increase and profit may decrease.
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This post is from Iqra noor
Oil Trend is buy
Resistance levels
1 Resistance level:64.41
2 Resistance level:58.94
3 Resistance level:55.92
Supporting levels
1 Supporting level:50.43
2 Supporting level:46.25
3 Supporting level:43.65
Click Thanks if you like.
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Oil Prices & Oil Market News and Analysis | S&P Global Platts
Platts Oil helps to develop, connect & explain the market price of crude oil and oil products. Discover how you can access our oil prices, ...
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Today,Initial support at 100.00 (Intraday Support) followed by 98.00 (Intraday Support). Initial resistance is now at 103.00 (Intraday resistance) followed by 105.00 (Intraday Resistance).
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