Oil

[5150]

Pivot Points
NAME S3 S2 S1 PIVOT R1 R2 R3
Classic 8.7799 8.7826 8.7858 8.7885 8.7917 8.7944 8.7976
Fibonacci 8.7826 8.7849 8.7863 8.7885 8.7908 8.7922 8.7944
Camarilla 8.7816 8.7821 8.7826 8.7885 8.7953 8.7958 8.7958
Woodie N/A 6.5855 4.3915 6.5914 4.3974 6.5973 N/A
Demark N/A N/A 8.7871 8.7892 8.7930 N/A N/A

[Rehan218]

the try is gaining ground for your own fifth consecutive day supported by risk aversion and falling crude oil costs. the barrel ( wti ) is trading below $90 at the cheapest level since february.

[148]

Commodities Week Ahead: Iran Silence A Worry For Oil.
As expected, Saudi Arabia and the United Arab Emirates aren’t ready to concede a barrel of oil beyond market needs, so that crude prices will not come under undue pressure. Yet, what might help the market more than the two countries’s resolve at Sunday’s OPEC meeting in Jeddah is to know the next planned action of their enemy Iran.

From accusations of sabotage leveled against Iran for damage to Saudi oil infrastructure, to widespread belief that it will somehow be able to skirt U.S. sanctions to add to the global supply of oil, the market will benefit from knowing how the Islamic Republic plans to respond to the various obstacles in its way.

Of particular interest will be what further payback, if any, it may have for Riyadh and Abu Dhabi for colluding with Washington in trying to choke Tehran off the market.

[muhammadbwn]

Technical analysis of Oil

current price is : 63.56
parabolic trend : Buy
moving average :Buy

Strong Resistance and Supporting levels ,,

Strong Resistance level first,

Resistance 1>63.92
Resistance 2>64.27
Resistance 3>64.78

Strong Supporting level now,

Supporting 1>63.21
Supporting 2>62.91
Supporting 3>62.41

if you like my analysis give me thanks

[zahidali]

Oil say bhe hum acha work kar ka achi profit bhe hum asani say hum kama sakhta hai us leay huma acha profit bhe hum asani say kama sakhta hai us leay acha work bhe hum sirf forex trading say hum asani say kama sakhta hai

[ba33]

Thus, we are changing the potential profit/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place there a stop loss moving it in the direction of the trade. If the price meets the stop level (21.5) without reaching the order (22), we recommend to close the position: the market sustains internal changes that were not taken into account.

[Qasim14]

Crude oil prices remain firmly anchored to sentiment trends, with prices closely tracking the S&P 500. Futures tracking the benchmark stock index are firmly in positive territory ahead of the opening bell on Wall Street, opening the door for profit-taking to produce a corrective rebound after yesterday’s brutal selloff across the risky asset spectrum.

[Version2]

SUPPORT AND RESISTANCE LEVEL FOR TODAY

Pivot Point is 63.12


Support 1 62.43

Support 2 61.76

Support 3 61.07


TREND: BULLISH


Resistance 1 63.79

Resistance 2 64.48

Resistance 3 65.15


Trade at your own risk

[Ayfy]

I think that in the next few months, the price of crude oil will sky rocket. The US which their economy control the world economy is in huge crisis, debt crisis. This will be a bad turn for worlds economy.

[Muhammad adnan]

oil

current price 63.43

R1 63.43

R2 63.55

R3 64.00

S1 60.27

S2 59.85

S3 58.15.....

market ko dakh kr koi b fasla kry trading krty wakt..shukria