Oil

[zaing]

current lever is Oil / 67.70

resistance lever 1/ 67.75

resistance lever 2/ 67.81

resistance lever 3/ 67.87

support lever 1/ 67.65

support lever 2/ 67.59

support lever 3/67.54

[waso691]

TODAY'S TECHNICAL LEVEL OF OIL :

Breakout BUY Level: 67.95. ******* Strong Resistance: 67.75.

Original Resistance: 67.55. ******* Inner Sell Area: 67.35.

Target Inner Area: 67.15. ******* Inner Buy Area: 66.95.

Original Support: 66.75. ******** Strong Support: 66.55.

*********Breakout SELL Level: 66.35. ********

***Warning *** Trading Forex on margin carries a high level of risk, and may not be suitable for all Traders or Investors.

[FM2127]

Noticeable that the oil has completed corrective phase, and again began to grow, the rate of support to stand around 88.16, and today from this level went to a retreat to the north, expect continued growth to a level of 92.70.
short positions at 90.1500 with 89.4700 and 88.760 in sight

the breakout of 90.9300 will call for a rebound towards 92.2200

[ba33]

This puts the spotlight on the US ADP employment report over the coming 24 hours, with expectations calling for a 100k increase in August to mark the second consecutive month of slowing private-sector hiring.
Well the libys crisis has been on for a very long time now and it effects is no loner felt in the forex trading market. It is the world financial crisis in europe and U.S that is leading to the economic problems that we have in the world.

[SA153P]

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

[PAK786]

aise business hai jaha par ham sirf currency pairs par hi nahi gold , silver , oil par bhi money invest karke trading kar sekte hai , lakin is kiye hamare pass forex trading ki jayda knowledge or experience ki jarurat hoti hai or oil par traded karne ki liye hamare pass capital bhi jayda hi hona chaiye kuk is par traded karne se jitne jaldi hame profit income kar sekte ha

[PAK786]

price of oil traded strong passively yesterday evening, breaking the main ascending channel support level and settles daily closing below it, which puts the price under negative pressure could push potential trades to return to the path of correction

[PAK786]

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

[FM1881]

Oil futures rose slightly in Asian trading Wednesday as U.S. policymakers gave traders hope the world�s largest economy is making progress toward averting the fiscal cliff.

On the New York Mercantile Exchange, light, sweet crude futures for February delivery added 0.02% to USD88.42 per barrel in Asian trading Wednesday. Crude traded as high as USD88.50 per barrel and as low as USD88.34.
short positions at 94.00 with 93.50 and 93.00 as next targets

the breakout of 94.50 will call fro arebound towards 95.50

[ah15]

Oil futures rose slightly in Asian trading Wednesday as U.S. policymakers gave traders hope the world�s largest economy is making progress toward averting the fiscal cliff.

On the New York Mercantile Exchange, light, sweet crude futures for February delivery added 0.02% to USD88.42 per barrel in Asian trading Wednesday. Crude traded as high as USD88.50 per barrel and as low as USD88.34.
Time frame- H1
price level 90.00 is a resistanting level and the may be not breaked as per stoch indicator also. stoch indicator is reach in the rage of over sold and we can short this pair with cross out and can hold trade till 88.35

todays pivot points are-

Resistance 3- 92.53
Resistance 2- 91.21
Resistance 1- 90.44

Pivot point- 89.12

Support 1- 88.35
Support 2- 87.03
Support 3- 86.26