Oil

[Chemistry]

Technical analysis of OIL

Today Market Trend is : BEARISH

Today Resistance level :-

1= Resistance level is: 45.76
2= Resistance level is: 45.92
3= Resistance level is: 46.13

Today supporting level :-

1= Supporting level is : 45.48
2= Supporting level is : 45.31
3= Supporting level is : 45.23

[Sonafi]

Technical analysis of the OIL

According to D1 time Frame,
Today Market Trend seems to be : BEARISH

Today Resistance level is:

1> Resistance level is: 45.75
2> Resistance level is: 45.96
3> Resistance level is: 46.19

Today supporting level is:

1> Supporting level is : 45.33
2> Supporting level is : 45.16
3> Supporting level is : 45.06

Take profit is : 45.10

Stop loss is : 46.12

[danish555]

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----------46.37
2- Resistance level----------46.92
3- Resistance level----------47.81
1- Support level-------------44.59
2- Support level-------------44.04
3- Support level-------------43.15

[FM2127]

Penetrating below this level will likely result in a reduction to the level of USD 81.07/bbl. Looks very strong bearish bias even daily Stochastic and CCI has been in the area saturated sell. However, if it appears bullish signals from them and the price is above 84.33, then it is possible to pullback to the resistance at 89.59.

[isha]

Main ye thread OIL ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

[FM2127]

The commodity is attempting to break 92.75 while the 10, 20 and 50 exponential moving averages are clearly bearish. The next possible target for this decline may be the extension level 161.8% shown on image at 91.05 followed by the correction level 61.8% at 88.55. Thus we hold onto our bearish expectations for now, but we should mention that the oversold stance on momentum indicators concern us; thus if the price fails to settle below 92.75 we will cancel our suggested scenario , accordingly we advice following our updates.



Recommendation : Based on the charts and explanations above, we remain neutral awaiting more confirmations

[isha]

in reality, i'm what i trade on oil the least bit, not even gold and silver don't recognize why, though he is well known regarding his a few traders are trading their merely and are creating smart profits, however im thinking regarding trading them soon,, and shall continue my topic with you greetings

[gale]

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.

[zainm6050]

ye thread bany ka boht shukria idr mujhy boht kuch sikhne ko mila or is thread py mujy boht support bhi milil

[FM1881]

If you look at the daily chart we can see that price happily strayed from the moving average of 50 held at 89 dollars, now I think again we go down a bit, the goals to date 80.50 dollars ... and if it is below the minimum of 76 dollars ...