Subscribeoil should be marking out the first leg of a larger correction. Shoud fade over 94(94.15) below 94.15 for 92.50 again before 96.00. I have selling position in 94.25 and will closed after 100 pips profit.
Thread: Oil
oil should be marking out the first leg of a larger correction. Shoud fade over 94(94.15) below 94.15 for 92.50 again before 96.00. I have selling position in 94.25 and will closed after 100 pips profit.
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Saudi Arabia is considering reduction in prices for exports of September, can cause a slowdown in Asia Commercial Bank ... expected decline in oil prices in the near future. In case of breakthrough Brent below 115 USD is expected to fall 110 USD. WTI may soon fall below 90 USD ... Morgan Stanley is still bearish on natural gas prices and the expected robust increase in production in 2012 and higher stock ..
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My dear Sir today's off my technical analysis is support and resistance level of Oil buying strong to bullish trand⤴
Resistance level✔72.47
Resistance level✔71.06
Resistance level✔68.57
Supporting level✔64.67
Supporting level✔63.26
Supporting level✔60.77
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current lever is Oil ; 66.57
resistance lever 1; 66.63
resistance lever 2; 66.69
resistance lever 3; 66.76
support lever 1; 66.51
support lever 2; 66.45
support lever 3; 66.38
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Oil will be in Bearish condition today and it may break its support level and make a new support level soon.But pay attention on its demand and supply condition that is among USA and Saudi arabia/ Lets see what will today. Good luck
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Resistance lever and Support lever
current price Oil / 66.71
Resistance lever 1/ 66.75
Resistance lever 2/ 66.81
Resistance lever 3/ 66.89
Support lever 1/ 66.65
Support lever 2/ 66.58
Support lever 3/ 66.51
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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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I think eventually the oil will also rise because many of its debt crisis in Europe and America, and watch out for tomorrow and the next day because there is news that can make the oil move.
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ear from ur mind, and open position for long time to get good profit specially in commodities . I always do like that and getting good
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My dear Sir today's off my technical analysis is support and resistance level of #CL buying strong to bullish trand⤴
Resistance level✔71.24
Resistance level✔70.44
Resistance level✔69.84
Supporting level✔68.44
Supporting level✔67.64
Supporting level✔67.04
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