Oil

[jellybelly2017]

Could be completion of an ABC correction at 5738. Alternate is only wave 3 of impulsive move was complete (in red), if price turns up from the .382 level there could be a 5th wave and a new high

Resistance 1:56.17
Resistance 2:56.25
Resistance 3:56.32

Supporting 1:56.01
Supporting 2:55.92
Supporting 3:55.83

[SA148P]

Oil

Trend is : sell
parabolice indicator is: sell

Resistance and supporting level of this pair is :

Pivot Points:56.16
Current price:55.68


Resistance level of this pair is:

1# Resistance is: 55.71
2# Resistance is: 55.84
3# Resistance is: 55.91

Supporting level of this pair is :

1# Supporting is: 55.56
2# Supporting is: 55.42
3# Supporting is: 55.39

[PAK]

Oil is buy

Resistance and Supporting level is:

Current price is : 56.10
open price is : 56.18
HigH Rate is: 56.26
Low Rate is : 55.98

Resistance 1:56.17
Resistance 2:56.25
Resistance 3:56.32


Supporting 1:56.01
Supporting 2:55.92
Supporting 3:55.83

[FM1881]

Well Oil rolls back a little back to the same important mark of 86 dollars .. the level is very fragile, so that when playing on the north must be very careful, because not so long ago, the price just flew down .. sellers can not quite finished .. .??

[FM1881]

Oil futures rose slightly in Asian trading Wednesday as U.S. policymakers gave traders hope the world�s largest economy is making progress toward averting the fiscal cliff.

On the New York Mercantile Exchange, light, sweet crude futures for February delivery added 0.02% to USD88.42 per barrel in Asian trading Wednesday. Crude traded as high as USD88.50 per barrel and as low as USD88.34.

[FM1881]

Crude prices decoupled from equity markets yesterday, pulling back from resistance the 23.6% Fibonacci retracement level ($85.83) to form a bearish Dark Cloud Cover candlestick pattern � hinting more losses are ahead � even as the S&P 500 pushed higher.

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Todays Oil Resistance & Support
Resistance
1-Resistance 62.75
2-Resistance 62.80
3-Resistance 62.94
Support
1-Support 61.37
2-Support 61.24
3-Support 61.06

[Facebook]

Pivotal Points: 56.01

Resistance 3: 59.36

Resistance 2: 58.44

Resistance 1: 56.93


Support 1: 54.50

Support 2: 53.58

Support 3: 52.07

[Muneer7171]

The same conditions that forced us to remain neutral on the commodity this morning persist, where price settles among the exponential moving averages while breaking above the main descending trend line, opposed by the overbought stance on momentum indicators and the bearish crossover one stochastic. Although ADX is providing signals of a possible trend start; the index remains week and trading below 25.00 points. Thus we remain neutral for the rest of the day.



Recommendation : Based on the charts and explanations above we recommend staying aside awaiting more confirmation.

[Muneer7171]

The same conditions that forced us to remain neutral on the commodity this morning persist, where price settles among the exponential moving averages while breaking above the main descending trend line, opposed by the overbought stance on momentum indicators and the bearish crossover one stochastic. Although ADX is providing signals of a possible trend start; the index remains week and trading below 25.00 points. Thus we remain neutral for the rest of the day.



Recommendation : Based on the charts and explanations above we recommend staying aside awaiting more confirmation.