Oil

[lover222]

Moving steady above $ 57 a barrel, oil prices are still buoyed by political turmoil in Saudi Arabia and optimism for an extension of an output-cutting deal by major oil-producing countries. The short-term focus of the oil market will be on the release of oil rig data by Baker Hughes ahead of closing.

For upside movement a break above $ 58.00 is needed to pave the way for a move up towards $ 59.0 or even $ 60.50 in the long run. Meanwhile, a break below the support of $ 56.50 could trigger a bearish correction back to the $ 55.30 area.

Resistant: 58.00 - 59.00 - 60.50

Support: 56.50 - 55.30 - 53.70

[SA153P]

My analysis of Oil

Today Trend is:sell

Resistance and Supporting level today,s


Resistance level t is :

First Resistance is:61.96
Second Resistance is: 62.24
Third Resistance is: 62.68


Supporting levels is :

First Support is: 61.49
Second Support is:61.12
Third Support is:60.81

[Version2]

SUPPORT AND RESISTANCE LEVEL FOR TODAY

Pivot Point is 61.47


Support 1 61.14

Support 2 60.94

Support 3 60.61


TREND: BEARISH


Resistance 1 61.67

Resistance 2 62.00

Resistance 3 62.20


Trade at your own risk

[RYK]

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).

[148]

oil

Today's my technical analysis

Pivot point is =61.60


Resistance 3: 63.55

Resistance 2: 62.87

Resistance 1: 62.25


Support 1: 60.98

Support 2: 60.30

Support 3: 59.68

[146]

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

[Zeeshani]

oil should be marking out the first leg of a larger correction. Shoud fade over 94(94.15) below 94.15 for 92.50 again before 96.00. I have selling position in 94.25 and will closed after 100 pips profit

[Rehan218]

Oil ak commoditoes hai jes pr agr huma work karna hai tu huma sirf support or risistance ke help say huma acha profit earn ho sakhta hai jesa hum acha profit bhe hum forex ma say kama sakhta hai

[Ahmad22]

Oil - US Crude

S3: 60.23
S2: 61.06
S1: 61.45

PP: 61.89

R1: 62.28
R2: 62.72
R3: 63.55

[Qasim14]

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