my analysis of the trading pair : Oil
So Resistance and Supporting Level is,,,,
pivot point is:63.47
Resistance Level is:
R1:62.99
R2:63.10
R3:63.25
Supporting Level is:
S1:62.75
S2:62.54
s3:62.39
Over All Trend Is :sell
my analysis of the trading pair : Oil
So Resistance and Supporting Level is,,,,
pivot point is:63.47
Resistance Level is:
R1:62.99
R2:63.10
R3:63.25
Supporting Level is:
S1:62.75
S2:62.54
s3:62.39
Over All Trend Is :sell
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today's market technical analysis for 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.
The nearest resistance level is seen at the 57.60 area, penetrating upwards from that area could trigger further upwards to the 58.00 area before targeting the 58.60 area. Meanwhile for the downside, the 57.00 area becomes the nearest support point, a break below that area should be able to reverse the trend to be bearish targeting the next support at 56.60 before aiming to 56.00.
Support level: 57.00 - 56.60 - 56.00
Resistant level: 57.60 - 58.00 - 58.60
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oil abhi thoda thanda pad gaya hai aur thode din wo aaram kareaga, jyada move nahi hoga par aaj friday hai to barosa nahi is oil ka, agar aap aaj order na kare to hi acha hoga
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Oil usd pair last kuch dino se down trend me chal raha tha lekin aaj subh se isne lagatar white candles banayi hai jisse iska uptrend shuru ho gaya hai
97.00 ke paas se isse buy kiya ja sakta hai tp 99 rakh ke,,
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Markeet of Oil
Everyone know that today markets is close but after this it it has buying option at this point .but it is recommended that it can move to down after a day .it can easy to say that risk should be allowed.sell point. 65.42
Thanks
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Today the market is close and it will open on Monday
so today by checking the technical indicator and all previous routine of the
chart i have come to know that tomorrow the market of Oil will move in
up way
so i suggest you to choose the option of buy for trading
I hope you will follow me and you will get more income because i suggested this after seeing the market and indicator completely
All the best my friends. ]
My all best wishes are with you.
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Oil
technical analysis
this is a sensitive price rate
the price oil buying point is 63.70 and the selling point 62.37
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Technical Analysis of Oil is bearish
Pivot Points: 63.54
Resistance Levels is :
1>Resistance is : 63.12
2>Resistance is : 63.47
3>Resistance is : 63.87
Supporting Level is :
1>Support is : 62.61
2>Support is : 62.39
3>Support is : 62.11
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