Thread: Oil
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
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Oil is sell
Resistance and supporting level today
1.Resistance level :55.23
2.Resistance level :56.65
3.Resistance level :57.78
1.Supporting level :53.26
2.Supporting level :52.18
3.Supporting level :51.05
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Hi traders
Today by checking the all routine of the chart and indicator I have come to know that today the market of oil will move in down way so I suggested that today we should choose the option of sell for trading Hope you will follow me and will get more money because I posted this after checking the market carefully Good luck
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Oil
Resistance level
Resistance level 1.55.65
Resistance level 2.56.71
Resistance level 3.57.89
Supporting level
Supporting level 1.53.26
Supporting level 2.52.11
Supporting level 3.51.02
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oil price returns to press on 54.60 level, reinforcing the expectations for the bearish trend continuation in the upcoming period, and the price needs to confirm breaking this level, followed by breaking 53.90 to confirm the rally towards 51.80 that represents our next main target.
Therefore, we keep preferring the bearish trend for today supported by the EMA50, being aware that breaching 55.55 might push the price to test 57.40 levels before any new attempt to decline.
The expected trading range for today is between 53.00 support and 56.00 resistance.
The expected trend for today: Bearish
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Oil prices have dropped below $60 per barrel in recent weeks from their 2019 peaks of $75 per barrel as fears of a global recession outweigh concerns about falling supply from sanctions-hit Iran and Venezuela.
A market monitoring committee formed by OPEC and its allies, a grouping known as OPEC+, met on Thursday in Abu Dhabi in the United Arab Emirates ahead of their policy discussions in Vienna, Austria in December.
OPEC+ has overcomplied on average with its agreed cut of 1.2 million barrels per day (bpd) as Iranian and Venezuelan exports collapsed due to sanctions. But some members, such as Iraq and Nigeria, have been producing above their quota.
Iraq, OPEC's second-largest oil producer, pledged on Thursday to reduce output by 175,000 bpd by October, while Nigeria is to reduce supply by 57,000 bpd.
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Today Trend Of The Market:Buy
Moving average
Current price
Previous price
And
All indicators tell have a about market up
So do the trading in Buy and get a good profit
The Forex Trading Is The Game Of Luck And If You Want Become Successful Trader In Forex So Achieve Good Knowledge And Experience About Trading
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 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
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
Market analysis about trading
Today market trend:sell
Pivot points
Current price
And
Resistance and Support points market ke nechay janay ke haq main hain
Sell ki trade profit de gi
Indicators ko follow karte hoye aur apni samjh soch ke sath trading karni chahiye
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.
Technical Analysis of Oil
Today Trend is :Sell
1>Resistance is:55.23
2>Resistance is:56.35
3>Resistance is:57.56
1>Supporting is:53.35
2>Supporting is:52.21
3>Supporting is:51.11
Resistance and Supporting level is so important rule in the trading business
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.
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