SubscribeThe British Pound has been appreciating in an ascending channel pattern against the Australian Dollar since the middle of April. The currency pair tested the upper boundary of the channel pattern at 1.8876 during Monday's trading session.
Thread: Oil
The British Pound has been appreciating in an ascending channel pattern against the Australian Dollar since the middle of April. The currency pair tested the upper boundary of the channel pattern at 1.8876 during Monday's trading session.
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Oil
Resistance and Supporting level is :
Resistance level is :
Resistance 1 - 70.29
Resistance 2 - 70.50
Resistance 3 - 70.72
Supporting level is :
Supporting 1 - 69.67
Supporting 2 - 69.44
Supporting 3 - 69.19
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oil bhe ak commditeis hai us ma huma acha profit bhe huma asani say huma kama saktha hian us leay huma koshish karne ho ge jesa huma achi earning bhe hum kar saktha hian us leya huma koshihs karen cheay jesa huma acha profti bhe hum kama saktha hian or aga tak apna work bhe hum asani say kar ka bhar saktha hai
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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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The chart is based on monthly values, and the first spike is based on March 2008 data, while the second spike is based on August 2011 data. The seasoned gold investors know very well what happened on those occasions. Something very different from what had happened any other time. These were the final tops before the blood-letting precious metals carnages started.
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If the US stock markets will resume their falls it will likely to affect oil prices to trade down as well. I still think that oil prices fell too sharply too soon. In the near future WTI will settle around $85-$90 mark
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Oil - US Crude Analysis
SUPPORT LEVEL AND RESISTANT LEVEL
S3: 61.33
S2: 62.01
S1: 62.35
PP: 62.69
R1: 63.03
R2: 63.38
R3: 64.06
TRADE AT YOUR OWN RISK GOOD LUCK
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My analysis of Oil
Resistance and Supporting level is :
Resistance level is :
Resistance 1 - 70.29
Resistance 2 - 70.50
Resistance 3 - 70.72
Supporting level is :
Supporting 1 - 69.67
Supporting 2 - 69.44
Supporting 3 - 69.19
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 has been trading inside a stable 1W Channel Up (RSI = 58.083, MACD = 0.440, Highs/Lows = 2.4914) since its December bottom. This pattern has been delivering clear entry (Higher Lows) and exit (Higher Highs) points. It was sustained by the simple factor of never crossing its previous 1D Support. On three
1 Resistance level is: 63.98
2 Resistance level is: 64.49
3 Resistance level is: 64.86
1 Supporting level is: 63.27
2 Supporting level is: 62.75
3 Supporting level is: 62.43
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.
Originally Posted by anubhavsingh
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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