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Today market trend is Bearish.
Resistance levels are
R3. 56.78
R2. 55.43
R1. 54.81
Support levels are
S1. 52.99
S2. 51.87
S3. 51.35
Thread: Oil
Oil
Today market trend is Bearish.
Resistance levels are
R3. 56.78
R2. 55.43
R1. 54.81
Support levels are
S1. 52.99
S2. 51.87
S3. 51.35
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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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we have reached 85.00 important level, and due to the heavy selloff that occured lately without any noticeable pullbacks, we expect an intraday pullback before resuming the major downside move.
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Oil Technical analysis
Level of Resistance
1-Resistance 53.72
2-Resistance 53.89
3-Resistance 53.98
Level of Support
1-Support 53.34
2-Support 53.26
3-Support 53.03
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Resistance level and Support level
current rate Oil= 54.11
Resistance Levels
resistance level 1= 54.17
resistance level 2 = 54.21
resistance level 3 = 54.26
Support Levels
support level 1=54.07
support level 2 = 54.03
support level 3= 53.99
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In my observation today the best selling point of oil will be 53.02
and today the profitable buy point of oil will be 55.02
you will earn more money if you will follow my views
because i have posted this after checking the chart clearly
recently oil rate is 54.04
good luck .
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.
Oil / is pair markeet current rate new 62.77 ye markeet ap ki tarf hi ja rahi hai ap is markeet ko up buy ki trade laga deni chahiy umeed hai bohat hi fedhy mand ho gi thanks you good luck
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.
Todays Oil Resistance & Support
Resistance
1-Resistance 61.72
2-Resistance 61.85
3-Resistance 61.91
Support
1-Support 61.38
2-Support 61.24
3-Support 61.09
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my dear sir today of my tachnical analysis is cl bullish trend
Resistance level 1/ 54.42
Resistance level 2/ 54.48
Resistance level 3/ 54.53
Support level 1/ 54.33
Support level 2 / 54.31
Support level 3/ 54.27
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.
The number of drilled but uncompleted wells (DUCs) in the U.S. shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins to slow.
khurram shah zad
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