Oil

[HP2018]

OIL

Current price 62.54

support1 60.31

support2 59.00

support3 58.10

resssistance 164.15

ressistance2 65.50

ressistance3 67.30

[joney]

The January futures price of WTI rose to 88.13 dollars a barrel on the New York Mercantile Exchange. Futures rose by 0.8 %, after U.S. President Barack Obama made a new proposal as the solution of avoiding the
“fiscal-cliff” and House Speaker, John Boehner was able to change his opinion on the higher tax rates for high-paid employees in order to make a step towards the accomplishment of the agreement.

[buttar]

Oil has not left its bullish trend. Correction approaching the pivot (91.68), are likely to bring the oil up to the 94.00 level. Bullish trend still dominate today's market.

[FA148P]

OIL

current price 62.03

support1 61.20

support2 60.70

support3 60


going down to touch 58 oil in this month

[Ahmad22]

Oil - US Crude analysis

SUPPORT LEVEL AND RESISTANT LEVEL
S3: 60.69
S2: 60.99
S1: 61.14

PP: 61.3

R1: 61.45
R2: 61.61
R3: 61.92

[SA148P]

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

[PAK786]

Oil
Hour 4 Trend; Bullish

Support and resistance;
Support 1 is: 61.48

Support 2 is: 61.21

Support 3 is: 61.03

Resistance 1 is: 61.58

Resistance 2 is: 61.85

Resistance 3 is; 62.18

[talhaahmad04]

Oil prices have a chance to strengthen in the short term after an optimistic statement from energy ministers Saudi Arabia and Iraq to balance the market. On this day investors are looking forward to reports of US rig activity for US production instructions.

For the technical side, the nearest resistance level is seen at 55.00 area, penetrating upwards from that level could trigger further upwards to 55.30 area before aiming to the 55.90 area. On the downside, the 54.60 area is the nearest support level, breaking down from that level could push further decline to the 54.30 level before aiming to the area of 53.70.

Support level: 54.60 - 54.30 - 53.70
Resistant level: 55.00 - 55.30 - 55.90

[Arsal22]

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

[ba33]

A bearish pinbar shows a hesitancy to break higher, yet perhaps this could be expected given the importance of the trendline and the host of Canadian data released today. But, if the daily trend is to hold, a break above 0.9277 invalidates the bearish trendline and opens-up a run for 0.9581.