Oil

[lover222]

Crude oil price shows sideways and tight trading since morning, accompanied by witnessing oversold signals through stochastic, to keep the bullish trend scenario valid as it is without any change for today, which its targets by breaching. Expected trading range for today is between 52.70 support and 56.00 resistance. Expected trend for today: Bullish

[hmforex]

analysis of Oil

Bollinger Bands:buy
MACD:buy

Resistance and Supporting level is:

Pivot Point is : 58.73

Resistance price is :

Resistance 1:59.10
Resistance 2:59.23
Resistance 3:59.37

Supporting price is :

Supporting 1:58.87
Supporting 2:58.71
Supporting 3:58.58

[talhaahmad04]

Crude Oil is trading on $62 line which is higher of several last months. we see a major Bullish in last some months when it moves from $40 line to this. i d,not think that it will go up any more because there is strong Resistant. i may trading on this level for some time but at the end it will go back toward $55 range.
i have open a trade of sell today and hope so i will get handsome profits in some days.
My Best Wishes are also with all the Sellers from this point. Good Luck....

[00923027642346]

Crude Oil has been trading inside a range for about a month since the beginning of January, after it made a bullish reversal at the end of December. The price of US WTI crude broke above three moving averages on the H4 chart, but it couldn’t push above the last one and it has traded inside a range between $54.50 and $51 during this time.

[talhaahmad04]

Crude oil is today on its lowest point 67.69 and now rsi and stohastic with moving average all of them are showing a good time to take a buy trade in H1 candle and get some profitable pips. Crude oil is today open with gap and also it does not fill its gap totally so very larger chances that after this support it will touch its gap oprning. Now as we can see a good time to take entry if you go with higher time frame then they will show you selling but this support is good eniugh to hold crude

[warid34]

Currency pair is : Oil


Current price:58.90

pivot point :58.72

Moving average:buy

volume Oscillator:buy


Resistance level of this pair is:

1# Resistance is: 58.99
2# Resistance is: 59.08
3# Resistance is: 59.21

Supporting level of this pair is :

1# Supporting is: 58.79
2# Supporting is: 58.65
3# Supporting is: 58.52

[Aleeza]

Oil pair is currently traded at 58.62 price and bullish trend is continue.

Pivot point: 58.45
Place Stop loss at: 57.31
Place Take profit at: 59.35

Support and Resistance levels are;
First Support: 58.43

Second Support; 58.09

Third Support: 57.53

First Resistance; 58.78

Second Resistance; 59.24

Third Resistance: 59.52

[sana24]

Bullish trend is continue after US and China deals, I recommend Buy order at the price 54.54. Wait for confirmed signals and place orders according to your money management R.R ratios.

Support and Resistance level are;

S 1; 54.54
S 2; 54.41
S 3: 54.27
R 1: 54.74
R 2; 54.88
R 3: 55.08

[FM1881]

Amid the continued improvement in risk sentiment as trade war tensions ease and with Saudi Arabia pledging to take aggressive action to curb production, Brent crude futures saw its largest weekly gain since the beginning of the year, rising over $6/bbl. Alongside this, the rally in oil prices has seen the futures curve move into backwardation, consequently maintaining the bullish and thus raising the scope for a move towards $70/bbl. Elsewhere, among the catalysts that have also underpinned oil prices in recent months have been the sanctions that the US have placed on Iran and Venezuela.

[Shah G]

***~Oil~***


according to market technical analysis the market have down trend
the market trend could remain in this position
expected resistance and support levels
market price ----------57.44

1- Resistance level----------57.58
2- Resistance level----------57.71
3- Resistance level----------57.82
1- Support level-------------57.29
2- Support level-------------57.16
3- Support level-------------57.06

***good luck all***