Thread: Oil
i think today oil is the good bearish trend and go down target is 60$ next few day,s
today resistance and supporting level is
Resistance first is : 62.88 and other resistance level is : 63.45
and supporting level first is : 62.11 and other supporting levels is; 61.65
today set the take profit at the price 62.13 and set the stop lose at the price 62.85 i hope today hit the price and making well money today over all trend is bearish trend
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Oil today good bearish trend
Resistance and supporting level today is:
Resistance level first: 62.99
Resistance level 2nd : 63.66
Resistance level 3rd: 64.07
Supporting level first: 62.07
Supporting level 2nd: 61.48
Supporting level 3rd:60.95
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Oil today's technical analysis is Bearish.
1. Resistance Level: 62.96
2. Resistance Level:63.39
3. Resistance Level: 63.97
1. Supporting Level: 62.17
2. Supporting Level: 61.78
3. Supporting Level: 61.16
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Oil today Technical analysis is bearish trend
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is:62.99
2> Resistance level is: 63.38
3> Resistance level is: 63.76
Supporting level is
1> Supporting level is: 62.21
2> Supporting level is: 61.67
3> Supporting level is: 61.04
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Technical analyse Oil
today current rate Oil . 63.81
Resistance lever 1 > 63.86
Resistance lever 2 > 63.92
Resistance lever 3 > 63.96
Support lever 1 > 63.76
Support lever 2 > 63.72
Support lever 3 > 63.66
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Resistance lever and Support lever
current price Oil ; 64.02
Resistance lever 1; 64.08
Resistance lever 2; 64.16
Resistance lever 3; 64.22
Support lever 1; 63.94
Support lever 2; 63.88
Support lever 3; 63.81
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OIL market technical analysis
Resistance first level is: 65.15
Resistance second levle is;65.27
Resistance third levle is:65.33
Supporting first levle is :64.88
Supporting second levle is: 64.67
Supporting third levle is:64.53
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Also, the sentiment that a trade war truce will be on the cards weighed on the yen while stock markets made impressive gains again on Wednesday - The DJIA was up 1.61%, the NASDAQ +2.52% and the S&P 500 +1.77% at their highs.
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As for the cross, EUR/GBP was ending down -0.73% to 0.8855 within Wednesday's range of between 0.8929-0.8843 as the euro takes a beating and the pound finds Brexit progress demand. USD/JPY was looking good with a bid through the 61.8% fibo in NY when it made a high of 113.39 due to firmer US treasury yields and a strong ADP number that followed the recent consumer confidence 18 year high.
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From last 4 weeks Brent oil and crude oil comedy tone more than 400 apps this is really a great opportunity for sellers who make entries in the market and make big profit. But, my analyses are says that now it will goes up because, by fundamental analysis crude oil and Brent oil is totally in full strength but I don't know what is the reason behind the weakness in this market. My advice for everyone That if you find any opportunity in 4 hour time frame then don't think about anything and take a buy entry.
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