Thread: Oil
On WTI oil on the D1 chart, I see how the price rested on the resistance level of 63.25, expect a rebound down with the resumption of the downward movement, the first target of the sellers will be the support level of 61.55, after the rebound, the continuation with increased activity of the bears 59.77 and further to 58.30. The priority is sales, we are looking for entry points from levels.
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On WTI oil on the D1 chart, I see how the price rested on the resistance level of 63.25, expect a rebound down with the resumption of the downward movement, the first target of the sellers will be the support level of 61.55, after the rebound, the continuation with increased activity of the bears 59.77 and further to 58.30. The priority is sales, we are looking for entry points from levels.
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 Resistance and Supporting
Resistance 1 62.74
Resistance 2 62.98
Resistance 3 62.15
Supporting 1 61.25
Supporting 2 61.16
Supporting 3 61.84
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Oil
technical analysis
this is a sensitive price rate
the price oil buying point is 62.89 and the selling point 62.26
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Oil Resistance and Supporting
Resistance 1 - 70.63
Resistance 2 - 70.86
Resistance 3 - 70.97
Supporting 1 - 69.25
Supporting 2 - 68.72
Supporting 3 - 69.40
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today Oil Resistance and Supporting
Resistance 1 62.74
Resistance 2 62.98
Resistance 3 62.15
Supporting 1 61.25
Supporting 2 61.16
Supporting 3 61.84
Fall seven times and Stand up eight.
Oil Technical analysis:
Level of Support
1-Support 61.34
2-Support 61.78
3-Support 61.11
Level of Resistance
1-Resistance 62.76
2-Resistance 62.63
3-Resistance 62.90
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Everyone made his stretigy by its own opinions. Some peoples used
fundamental approaches, some people used moving averages and other
then used supports and residences , who help him to make his stretigy .
Today i discuss about the pair of ---Oil
My recommendation about this pair is --Buy
Resistance level of this pair is:
1# Resistance is: 62.63
2# Resistance is: 62.75
3# Resistance is: 62.89
Pivot Point: 62.24
Supporting level of this pair is :
1# Supporting is: 62.41
2# Supporting is: 62.30
3# Supporting is: 62.15
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Oil Resistance & Support
Resistance
1-Resistance 68.71
2-Resistance 68.83
3-Resistance 68.95
Support
1-Support 67.30
2-Support 67.26
3-Support 66.53
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Current price of oil on forex is 61.90
by observing the market carefully, now i able to say oil is in buying positoion , and your r the boss of your account managing, i hope your always use stop loss and take profit.
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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