Thread: Oil
The formation of the upper 4 quanta is quite dense, and this is a strong sell signal, also there is a strong 58.00 figure here and all attempts by the bulls to break it were unsuccessful, the more likely scenarios are the southern withdrawal to medium-term correction from 58.00 to the area of 57.00 and 56.50, consider.
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Current is :- Oil
Today Market trend is : bullish
<i>-Supporting : 51. 27
<ii>-Supporting :49. 18
<iii>-Supporting :47.31
<i>-Resistance : 53.37
<ii>-Resistance :57.42
<iii>-Resistance : 62.65
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OIL
BARCLAYS BANK PLC IPATH SR B S&P GSCI CRUD OL
ETN 20/11/36US FlagNYSE ARCA & MKT
10.85
USD
−0.13 (−1.18%)
MARKET CLOSED (OCT 15 15:09 UTC-4)
10.98
PREV
10.95
OPEN
42.74K
VOLUME
10.81 — 10.99
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Initial support at 95.00 (Intraday Support) followed by 92.50 (Intraday Support). Initial resistance is now at 98.00 (Intraday resistance) followed by 100.00 (Intraday Resistance).
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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
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Pivot points58.87
Resistance 1=58.96
Resistance 2=59.01
Resistance 3=59.10
Support 1=58.82
Support 2=58.73
Support 3=`58.68
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Oil Trend is buy
1 Resistance level:64.46
2 Resistance level:58.97
3 Resistance level:55.91
1 Supporting level:50.42
2 Supporting level:46.25
3 Supporting level:43.69
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Oil trend is sell
1 Resistance 64.43
2 Resistance 58.99
3 Resistance 55.99
1 Supporting 53.47
2 Supporting 50.41
3 Supporting 49.33
Eagle
Oil
10.85
usd
−0.13 (−1.18%)
market closed (oct 15 15:09 utc-4)
10.98
prev
10.95
open
42.74k
volume
10.81 — 10.99
day's range
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 Daily Chart analysis and fundamental analysis
we can see on the chart the trade near tha intraday resistance level 2, the pair has a bullish
pressure 73.9% here we will wait of result. if brake resistance level 2 then we will open buy order
if the pair reject the resistance level 2 with a strong bearish candle then we will open sell order
today market trend is Sell..
Always Follow Market Trend
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