Oil

[warid34]

Currency pair is : Oil


Current price:58.83

pivot point :59.38

Moving average:sell

volume Oscillator:sell


Resistance level of this pair is:

1# Resistance is: 58.96
2# Resistance is: 59.07
3# Resistance is: 59.21

Supporting level of this pair is :

1# Supporting is: 58.75
2# Supporting is: 58.62
3# Supporting is: 58.49

[talhaahmad04]

Today crude oil opened with some bullish pips and this time trying to break its resistance level of last few weeks AT 70.30, current position of this pair is bullish in my opinion because many times it jumped to upward from 67 to 66 level and this time weekly time frame also showing upward trend in current weeks i am out this time but soon take trade if this pair has crossed successfuly 70.30 and target my profit to nearabout 72 to 73 as per next crude oil invention news.

[PAK]

is considering reduction in prices for exports of September, can cause a slowdown in Asia Commercial Bank ... expected decline in oil prices in the near future. In case of breakthrough Brent below 115 USD is expected to fall 110 USD. WTI may soon fall below 90 USD ... Morgan Stanley is still bearish on natural gas prices and the expected robust increase in production in 2012 and higher stock ..

US OIL
Daily

A bearish bounce could confirm the current wave pattern outlook, which is a wve 4 (pink) retracement within the downtrend. A bearish breakout below the support (blue) of the channel could send oil back lower (orange arrow). A bullish break above the 50% Fib however could indicate that a different wave pattern is more likely.

[ah16]

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.

[billyboy00007]

My own analysis For this pair OIL

Pivot Point is 59.36

Support 1 58.86

Support 2 58.41

Support 3 58.47


Resistance 1 59.81

Resistance 2 60.31

Resistance 3 61.26

Trade at your own risk

[QasimShop]

Pair is oil
Today's my technical analysis of oil

Pivot points is =59.05

1 supporting level is =58.59

2 supporting level is =57.90

3 supporting level is =56.72


1 RESISTANCE LEVEL IS =59.76

2 RESISTANCE level is =60.23

3 supporting level is =61.40

[Muneer7171]

Oil also fell because of the potential deal between Iran and the UN nuclear watchdog to reduce concerns about supply. The news says Iran agreed to allow International Atomic Energy Agency (IAEA) continued its inspection of its nuclear program. The agency will have access to inspect the site, scientists and documents to make sure Iran does not develop weapons nuklir.minyak Light Sweet types for June delivery fell 84 cents to $ 91.01 per barrel. Meanwhile, Brent crude for July delivery dropped 63 cents to be $ 107.78 per barrel.

[Muneer7171]

The downside move continues; affected by stability below 96.95 which is the 38.2% Fibonacci correction for the bullish trend shown above. Meanwhile, oil settled below 95.45 which is a previous important bottom. Thus, stability below those levels support the overall double top pattern and suggest further downside action targeting at least the 50% correction at 92.75.



Recommendation : Based on the charts and explanations above, we recommend selling crude around 94.80 targeting 93.60 and 92.75. Stop loss four-hour closing above 96.30.

[148]

My own analysis For this pair OIL

Pivot Point is 59.06

Support 1 58.58

Support 2 57.89

Support 3 56.73


Resistance 1 59.75

Resistance 2 60.22

Resistance 3 61.38

Trade at your own risk

[Muneer7171]

After two perfect bounces from 100.22 support level there is no other idea but to stay long on oil. The most likely continuation is a fresh high, beating 102.40 in the coming days. Keep stop losses below 100.20 for now.