Thread: Oil
WTI and Brent were each up 2 percent during midday trading, with WTI closing in on $50 per barrel and Brent jumping above $58 per barrel. Both benchmarks have rallied more than 16 percent since hitting a low point in late December. “Momentum is coming back into the market from very depressed price levels,” Petromatrix strategist Olivier Jakob said, according to Reuters.
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Oil has really headed up strongly. It is very surprising therefore that USD has not fallen at all in this time. I think that something is not quite right - it may be the american holiday, but it seems that everything is out of sync - at least today. I think oil will continue to rise.
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WTI and Brent were each up 2 percent during midday trading, with WTI closing in on $50 per barrel and Brent jumping above $58 per barrel. Both benchmarks have rallied more than 16 percent since hitting a low point in late December. “Momentum is coming back into the market from very depressed price levels,” Petromatrix strategist Olivier Jakob said, according to Reuters.
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 pe trading karna boaht easy nae hai islye main ap ko yahi prefer karu ga ke ap oil pe trading karne se phele is ke bare main sahi yara se knowledge lain or practice karian or practice karne ke bad is pe trade karian to zyada best ha otherwise wait karian right time ka tab fida ha hum ko is main.
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 current rate is 60.53 ye markeet up ki tarf ja rahi he or any waly 2 din tk ye up ki tarf movement kry gi so mujhy lagta he apko buy ki trade lagany me boht fehda ho ga ap buy ki trade laga dein i hope Meri Ray ap k k ley bast sabit ho gi thanks you...
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Technical analysis for OIL
oil analysis for 15.01.2019
( OIL ) price sell (minimum) is 42.95
or buy (maximum) 42.36
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Oil Technical analysis
Level of Support
1-Support 43.31
2-Support 43.26
3-Support 43.03
Level of Resistance
1-Resistance 44.70
2-Resistance 44.89
3-Resistance 44.95 current rate is 60.53
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Oil
Today market trend is bullish.
Resistance levels are
R3. 54.57
R2. 53.80
R1. 53.18
Support levels are
S1. 51.80
S2. 51.07
S3. 50.43
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Today,Initial support at 100.00 (Intraday Support) followed by 98.00 (Intraday Support). Initial resistance is now at 103.00 (Intraday resistance) followed by 105.00 (Intraday Resistance
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Near-term bulls from 85.20, continue to drive the oil price higher, as break above yesterday’s high at 88.61, looks for test of 90.31/85.20 decline at 89.00. Prevailing positive tone on lower timeframes is reinforced by daily indicators move into positive territory that opens way for test of upper boundaries of near-term 84.05/90.31 range.
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