Technical analysis for OIL
oil analysis for 10.01.2019
( OIL ) price sell (minimum) is 42.81
or buy (maximum) 43.36
Thread: Oil
Technical analysis for OIL
oil analysis for 10.01.2019
( OIL ) price sell (minimum) is 42.81
or buy (maximum) 43.36
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.
Technical analysis for OIL
oil analysis for 10.01.2019
( OIL ) price sell (minimum) is 42.81
or buy (maximum) 43.36
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 42.71
2-Resistance 42.85
3-Resistance 43.97
Support
1-Support 42.39
2-Support 42.24
3-Support 42.06
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OIL market technical over view
according to market technical analysis the market have down trend
the market trend is in sell position
expected resistance and support levels
1- Resistance level----------45.62
2- Resistance level----------45.73
3- Resistance level----------45.83
1- Support level-------------45.29
2- Support level-------------45.17
3- Support level-------------45.07
we can notice from the chart that the pair has closed it's daily candle under 88 , that's mean the down trend is expected and the pair might head to 91 then 93 , however the pair made a hourly correction
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If the US stock markets will resume their falls it will likely to affect oil prices to trade down as well. I still think that oil prices fell too sharply too soon. In the near future WTI will settle around $85-$90 mark
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costs cleared obstruction at $88.15, the half Fibonacci retracement of the drop from the late-July swing high, with the bulls currently going for the 61.8% dimension at $91.10. The half Lie has been recast as close term bolster.
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The correlation between oil and S&P500 isn't reliable but was very strong and positive in recent months including August so far. This means, as the Stock market falls, oil prices soon follow and decline as well. If the S&P500 will continue to fall today, it might further push down oil.
as we can see from the chart , the pair has stated it's trading week above the level of 82 and that's mean that the up trend is expected this week and the pair might head to 83 and then 85
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Today we've seen that Oil moved upward. Its highest position was 89.87 which is highest in the recent history. What do you traders think about its next movement? Will it cross 91.00 in recent future? Actually its movement is very fast sometimes. Need some information from the expert traders.
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Technical analysis for OIL
oil analysis for 30.12.2018
( OIL ) price sell (minimum) is 42.94
or buy (maximum) 42.36
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.
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