Oil

[BilalMughal]

Good Afternoon Dear Traders, According to me. Crude oil price traded with strong negativity to press on 60.86 level and moves below it now, which reinforces the expectations of achieving more decline on the short term basis, paving the way to head towards 57.33 that represents 38.2% Fibonacci correction level for the entire rise measured from 42.36 to 66.58.

Therefore, the bearish trend will remain suggested in the upcoming sessions unless the price rallied to breach 62.20 level and hold with a daily close above it.

The expected trading range for today is between 59.00 support and 62.20 resistance. The expected trend for today is Bearish

[Zeeshan420]

Initial support at 95.00 (Intraday Support) followed by 92.50 (Intraday Support). Initial resistance is now at 98.00 (Intraday resistance) followed by 100.00 (Intraday Resistance).

[jellybelly2017]

The market is likely going to continue to decline towards 62.00 level. The next supports in line are seen at 61.80 and 60.50. OIL 61.80 level H4 200 ma Moving Average, So Oil Take a Buy position 61.00 and 60.50 Area. OIL Daily 200 ma Moving Average 62.60 level breakout and stable this level short Sell 62.50/62.00 level take profit 61.90 and 61.50 Area. Another...

Pair is oil

Todays my technical analysis of oil

Pivot point is =61.60



Resistance 3: 65.25
Resistance 2: 64.27
Resistance 1: 62.53

And


Support 1: 59.85
Support 2: 58.94
Support 3: 57.22

[JF2019]

Oil is sell.

1 Resistance 65.25
2 Resistance 64.27
3 Resistance 62.53



1 Support 59.87
2 Support 58.95
3 Support 57.27

[JamesX9]

Oil
Looking for
Long

R one 62.54

R two 64.27

R three 65.22

S one 59.87

S two 58.92

S three 57.25

Always trade with good money management.

[Shahzada]

Continue to hold the purchase of oil, the price is met resistance around 86.50, in support of the sliding draw in alligator likely breakdown occurs 86.50 and access to a new high - with its plan to buy more.

[pti148]

Oil
Today Market analysis and trend:sell

Indicators bhi market ke down hony ka bata rahe hain

Resistance and Support points bhi hamain market ke down hony ka ishara de rahe hain isliye hamain sell main trade lagani chahiye

[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

[0307148]

Today,Initial support at 100.00 (Intraday Support) followed by 98.00 (Intraday Support). Initial resistance is now at 103.00 (Intraday resistance) followed by 105.00 (Intraday Resistance).

[forexA]

Today is market is opened. Crude oil hovers around the bearish channel’s resistance, accompanied by stochastic approach to the overbought areas, while the EMA50 keeps pressing negatively on the price, to keep the chances valid to resume the expected correctional bearish trend on the intraday and short term basis, reminding that breaking 60.86 is required to reinforce the chances of heading towards 57.33 that represents the next correctional target.
Therefore, the bearish bias will remain suggested unless breaching 62.60 and holding above it. The expected trading range for today is between 60.00 support and 63.00 resistance. The expected trend for today is Bearish. Best of luck Traders.