My Analysis
OIL
Market Trend
Bullish
PIVOT 62.30
S 1 62.52
S 2 62.26
S 3 62.02
R 1 62.66
R 2 62.90
R 3 63.22
Thread: Oil
My Analysis
OIL
Market Trend
Bullish
PIVOT 62.30
S 1 62.52
S 2 62.26
S 3 62.02
R 1 62.66
R 2 62.90
R 3 63.22
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oil current price .62.24
Last Updated: May 16,
Symbol S3 S2 S1 P R1 R2 R3
Oil - US Crude 62.42 62.49 62.54 62.57 62.61 62.64 62.71
SUPPORT & RESISTANCE
USOIL
S1 60.850 W R3 66.600 S
S2 60.040 M R2 63.348 M
S3 60.040 S R1 62.340 W
Trend Up
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The immediate short-bias remains at risk while above this threshold with near-term resistance eyed at the 100/200-day moving averages at 1.2960 and the 61.8% retracement at 1.30- both areas of interest for possible price exhaustion / short-entries IF reached. Ultimately, a break of the lows would keep the focus on key Fibonacci support at 1.2788/98. Review my latest GBP/USD Weekly Price Outlook for a look at the longer-term technical trade levels.
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Oil Today's Technical Analysis:
Oil pair is moving in rang of 61.00 to 63.00. and I think until it cannot break 63.55 or 60.55 prices, we should not take entry. But for Hour four time periods RSI 14 Value shows SELL signals now.
The Support and Resistance levels for Oil pair are:
Support 1: 62.54
Support 2: 62.28
Support 3: 62.03
Resistance 1; 62.67
Resistance 2; 62.89
Resistance 3; 63.18
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Oil
Today Market analysis and trend:buy
Indicators bhi market ke up hony ka bata rahe hain
Resistance and Support points bhi hamain market ke up hony ka ishara de rahe hain isliye hamain buy main trade lagani chahiye
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Thread is oil
Todays my technical analysis of oil
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is:62.25
2> Resistance level is: 62.60
3> Resistance level is: 62.95
Supporting level is
1> Supporting level is: 61.82
2> Supporting level is: 61.45
3> Supporting level is: 60.88
Good luck.
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Oil is buy .
1 Resistance 62.23
2 Resistance 62.59
3 Resistance 62.96
1 Support 61.87
2 Support 61.45
3 Support 60.97
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Technical analysis of Oil is buy
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is:62.23
2> Resistance level is: 62.59
3> Resistance level is: 62.96
Supporting level is
1> Supporting level is: 61.80
2> Supporting level is: 61.43
3> Supporting level is: 60.90
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If a M15 close above 88 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 86 sell only and do not buy. If price closes back above it again do nothing
The range 85 and 86 is neutral area, any trade done in between is personal decision and not part of this analysis
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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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