Oil

[FA148P]

OIL WEEKLY WRAP
Crude oil prices reached new 2019-highs this past week, owing to a couple of fundamental developments. First, the US Dollar succumbed to selling pressure thanks to gains in the British Pound as Sterling rejoiced the UK Parliament ruling out a ‘no-deal’ Brexit. The commodity is often priced in the Greenback around the world, thus a cheaper dollar makes oil comparatively more expensive.

Meanwhile, official US Energy Information Administration (EIA) weekly inventory data reveled that there was an unexpectedly sharper drawdown in stockpiles, lifting crude oil as supply was constrained. Then, the monthly OPEC market report revealed that the oil-producing cartel encouraged producers to avoid flooding the market, while at the same time, trimming forecasts for demand.

[jobless]

Trading pair is: Oil

My trend is: buy


Resistance and supporting level with the best indicators

Trading Best Indicators is,,,,,,,,,,,,

1,Moving average is: buy
2,Oscillators is: buy

Current price is : 59.40

Resistance level is ,,,,,,



1, Resistance is : 59.51
2, Resistance is :59.63
3, Resistance is : 59.75


Supporting level is,,,,,,,

1, Supporting is ;59.30
2, Supporting is : 59.22
3, Supporting is : 59.10

[WaqasQais]

Technical analyse Oil. Today

Resistance lever 1 > 53.71
Resistance lever 2 > 53.87
Resistance lever 3 > 53.99

Support lever 1 > 52.37
Support lever 2 > 52.28
Support lever 3 > 52.05 thanks you good luck

[warid34]

Currency pair is : Oil


Current price:59.38

pivot point :59.07

Moving average:buy

volume Oscillator:buy


Resistance level of this pair is:

1# Resistance is: 59.55
2# Resistance is: 59.66
3# Resistance is: 59.78

Supporting level of this pair is :

1# Supporting is: 59.24
2# Supporting is: 59.12
3# Supporting is: 59.01

[00923027642346]

Technical analyse Oil.

Resistance lever 1 > 53.69
Resistance lever 2 > 53.84
Resistance lever 3 > 53.97

Support lever 1 > 52.34
Support lever 2 > 52.26
Support lever 3 > 52.03

[lover222]

Oil today trend is bullish

Resistance and supporting level is ;

1>Resistance 51.89
2>Resistance 52.37
3>Resistance 52.69


1>Support 50.89
2>Support 50.26
3>Support 49.86

[Muneer7171]

very critical zone. Touched the upper BB. it may create false breakout signal on Next trading day.May touch I locked my small profit.

In weekly chart its now on weak resistance . Next resistance is 113 .

[5150]

CRUDE OIL PRICES
Crude Oil is a naturally occurring fossil fuel. It is formed from ancient organic matter – such as plankton and algae – that has been buried underground and exposed to extreme heat and pressure. Crude is one of the world’s most in-demand commodities, because it can be separated or refined into various consumer, industrial and energy products. These include gasoline (petrol), diesel, lubricants, wax, and other petrochemicals, many of which are used to manufacture plastics. The composition (or ‘qualities’) of crude oil varies by source, but there are two main high-quality types that are used

[ba33]

Saudi Energy Minister Khalid Al-Falih is now out on the wires, reiterating his earlier comments about staying confident that 100% compliance with the output cut agreement will continue for the next four months.

[ansarifx444]

OIL analysis


TREND UPTREND


Trend - Bullish Indicator - 52 Week High Chart - Weekly Strategy - Long term bull move Target - Should reach $13.25 before too much pressure Exit - Will exit if pair closes with a touch of the 52 week low.