My dear Sir today's off my technical analysis is support and resistance level off #CL buying strong to⤴
Resistance level◀◀73.47
Resistance level◀◀72.74
Resistance level◀◀72.12
Supporting level◀◀70.77
Supporting level◀◀70.04
Supporting level◀◀69.42
Thread: Oil
My dear Sir today's off my technical analysis is support and resistance level off #CL buying strong to⤴
Resistance level◀◀73.47
Resistance level◀◀72.74
Resistance level◀◀72.12
Supporting level◀◀70.77
Supporting level◀◀70.04
Supporting level◀◀69.42
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we have reached 85.00 important level, and due to the heavy selloff that occured lately without any noticeable pullbacks, we expect an intraday pullback before resuming the major downside move.
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Oil pleased with the strong growth of the north, the price just came close to the 90.00 figure around which has been building top-fractal, but is in no hurry to close the purchase (I will close out and possibly turn over the sale only when mounted below $ 89.46) and while I'm breaking 90.00 figures and future growth
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Oil is fed like all bulls, it has shown very strong growth in the north, after which we should expect at least the southern correction in the medium term it should be expected from continued growth in the flesh, to 90.00.
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aksr forx trading me zyada tar log oil pr trding krtey hey jis ki waja se woo oil se zyada profit hasal kr letey hey aur oil ki trading me bhee boht movement hoti hay is lye hamey is par soch smjh kr trading krni chahiye ta k ham bgair kisi losing se ol ki trade pr zyada profit gain kr skay aur ham jb bhee oil par trade krey to market me achi tara analysis kar lena chahye ta k bgair risk k trading kr k profit gain kr pye.
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If a M15 close above 88 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 86 sell only and do not buy. If price closes back above it again do nothing
The range 85 and 86 is neutral area, any trade done in between is personal decision and not part of this analysis
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Oil (September) WTIBlack gold tends to slide testing 93.90 / 70 USD / barrel, the breakthrough opens the potential for 92.80 / 60 USD / barrel ... possible combination of negative ISM service sector on Wednesday and Friday nonfarm Payrolls negative potential direction of the opening $ 90.00 / barrel .. first resistance at 95.50 / 70 USD / barrel.
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Thus, these factors support our expectations for the continuation of the upward trend in the short term and the following targets start at 93.00 and then away to the psychological barrier of 100.00
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A break of 87.80 will stop the rising wave of expected and lead to a possible shift in intraday trend downward.
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Expected trading range for this week between: Support and resistance 87.80 99.00
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General tendency is expected for this week: bullish
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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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Oil ki market pichly kafi arsy sy strong ja ri hye lekin abi chance hen k market down ho gi agr uk crude oil r us crude oil ko dekha jay to UK 80.51 aur Us 71.49 aur i thnk ab mzeed down hony k chances hen to mery khyal sy sell ki trade lgani chahye
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