Oil

[zahraali989]

Oil Trend is down


1 Resistance level:55.81
2 Resistance level:54.95
3 Resistance level:53.08


1 Supporting level:52.62
2 Supporting level:51.53
3 Supporting level:50.29

[pmln]

Economic growth will be the theme in the financial markets this week. Japan and the UK will announce data on economic growth in the second quarter of 2019, which could be a sentiment driving the market.

Japan will announce the preliminary reading of economic growth in the second quarter of 2019 on August 8. Market participants expect the Japanese economy to slow down quite badly. Market consensus gathered by Reuters estimates that the quarterly annualized economy of the Rising Sun Country is 0.4%.

Slower than the quarter I-2019 which is 2.2%. Understandably, Japanese exports have contracted alias dropped for seven consecutive months due to the trade war of the United States (US) -China and a slowdown in the global economy. Japan's trade friction with South Korea made things even more complicated.

Then on August 9 local time, the Office for National Statistics (ONS) will announce the preliminary reading of UK economic growth for the second quarter of 2019. Market consensus from Trading Economics estimates that John Bull's economy grew 1.4% YoY. Slowed slightly compared to the previous quarter by 1.8%.

The slowdown in the UK economy has been seen from the Purchasing Manager's Index (PMI) data. In July, the IHS Markit / CIPS UK manufacturing PMI was at 48, the lowest in the past 6.5 years. "In July, we saw the manufacturing sector 'suffocated' because of the global economic slowdown.

Plus there is political uncertainty, "said Rob Dobson, Economist of IHS Markit, in a written statement. In addition to economic growth, investors should also look at the release of Chinese trade data on August 8.

In July, exports of the Bamboo Curtain country were estimated to contract 2.2% YoY, 7.6% YoY imports, and a trade balance surplus of US $ 37.49 billion, citing the consensus of Trading Economics. This data is important because it can determine the direction of US-China trade negotiations.

If China's trade surplus (especially against the US) continues to swell, then the US might become inflamed. US President Donald Trump can be more confident in implementing import duties for the import of products made in China valued at US $ 300 billion starting next September.

Yes, investors also seem obliged to continue to monitor the development of US-China trade relations that are getting hot again. Because, China will reply if the US really imposed the import duty. Instead of trade peace, the US-China will instead lead to the umpteenth volume of trade war.

[Naeem88]

Today market trend: Sell
Today's price and current price is pointing clearly towards that market will go down in business..

Resistance and Support points are also pointing that business and trade will go down thats why we should put our trade on sell....

[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

[Ronald]

Today i will discuss this pair......
In this pair eveverybody know about this it. upward and downward movement.. And it is also compulsory for everyone to use any of one indicater or analysis for thair trading. I also use some indicators for my batter Trading and for earn a good profit ... The list of indicator those i uses are as follows.
Parabolic SR
moving average 10
Moving average 60
Moving average 200
MACD Future
Fibo piv-2
These indicators are Most important for me and my trading know off. Everyday i am using these indicator .and earn a good profit.

[latpat]

Winning signals - Profit signals.
Today Target Pair - Crude Oil WTI
Today main profit zone .
57.98 - 59.14 - 59.79
Today main support zone.
54.36 - 55.52 - 56.17
Follow my trades with risk management in mind.
Always make profit - calculate the profit at month end.

[jellybelly2017]

Oil Trend is sell


1 Resistance :55.81
2 Resistance :54.95
3 Resistance :53.08


1 Supporting :52.69
2 Supporting :51.52
3 Supporting :50.23

[pmln]

sift through the mud. Then again, who would determine the star rating? Wouldn't he be the person to ultimately listen to?

After reading several articles on the current Forex market situation, among several well known Forex web sites, you will discover that the market today is a great place to sell because we have not yet sufficiently tested the lows. You will also find that the market today is a great place to buy because the lows have held and are showing great support in this range.

Two sets of opinions based on the same gathered data, and neither contradicting the other's data. A weaker person would develop a nervous twitch from this confusion. Particularly when you consider the obvious – they're both right! So, does it come down to a coin toss?

No. The first mistake a Forex trader can make is to have a dead-set opinion and then search online for opinions supporting his pre-conceived notions. If anyone looks long enough and hard enough, they're going to find someone somewhere to agree with him. Taking that into account, the question still remains: Who do you listen to?

[zainm6050]

Resisrance level 85.70
Support level 82.35
Thanks shukria for the help

[aliakhtar829]

Time Frame - 4 Hour
Currency pair - Copper
Buy @ - 2.607
Stop Loss - 2.589
Take Profit - 2.625
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.