Thread: Oil
OIL
market trend is going bearish
market resistance and support levels could as
current price =62.80
1-Resistance level =63.53
2-Resistance level = 63.85
3-Resistance level = 64.38
1-Support level =62.27
2-Support level = 61.95
3-Support level =61.42
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Oil prices have the potential to continue rising today after yesterday hitting the highest level since the summer of 2015 with geopolitical risk sentiment in the Middle East especially in Saudi Arabia with the measures taken by the government to support an extension of production cuts. Also on this day investors are also waiting for a report on oil reserves from the American Petroleum Institute released at the end of trading hours that analysts expect will be a decline in oil, gasoline and refined oil reserves.
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To-day Oil Resistance & Support
Resistance
1 Resistance 74.76
2 Resistance 74.80
3 Resistance 74.66
//////////
Support
1 Support 73.43
2 Support 73.79
3 Support 73.30
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today Oil Price support
Resistance 1 63.58
Resistance 2 63.61
Resistance 3 63.80
Supporting 1 62.82
Supporting 2 62.54
Supporting 3 62.47
Fall seven times and Stand up eight.
today Oil Price support
Resistance 1 63.58
Resistance 2 63.61
Resistance 3 63.80
Supporting 1 62.82
Supporting 2 62.54
Supporting 3 62.47
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.
today Oil Price support
Resistance 1 63.58
Resistance 2 63.61
Resistance 3 63.80
Supporting 1 62.82
Supporting 2 62.54
Supporting 3 62.47
Fall seven times and Stand up eight.
My analysis of Oil
Parabolic is :sell
Pivot point:65.47
Resistance and Supporting level :
1.Resistance level is :62.98
2.Resistance level is :63.20
3.Resistance level is : 63.35
1.Supporting level is : 62.77
2.Supporting level is : 62.60
3.Supporting level is :62.48
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pair is:Oil
trend is:sell
Resistance levels is:
Resistance 1 is:65.70
Resistance 2 is:65.97
Resistance 3 is:66.14
Supporting levels is :
Supporting 1 is :65.03
Supporting 2 is :64.80
Supporting 3 is : 64.60
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C
cladkins
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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.
Technically, Oil prices are still moving in the supply area at the end of 2016. This can be said in Weekly chart that Oil movements are still in limited range. Oil prices can move upward when going through the supply area or can penetrate at a price of 54.50 but this also depends on US oil production. For long term then you can take buy position with the target FR 50.0 or at the price of 59.70 and for short term can take buy or sell around the area of 54.00 or 52.00 because the movement is still limited.
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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