Oil

[waso691]

TODAY'S TECHNICAL LEVEL OF OIL:
Breakout BUY Level: 69.55.
Strong Resistance: 69.45
Original Resistance: 69.35.
Inner Sell Area: 69.25.
Target Inner Area: 69.15.
Inner Buy Area: 69.05.
Original Support: 68.95.
Strong Support: 68.85.
Breakout SELL Level: 68.75.
***Warning *** Trading Forex on margin carries a high level of risk, and may not be suitable for all Traders or Investors.

[FM2127]

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.

[waso691]

TODAY'S TECHNICAL LEVEL OF OIL:
Breakout BUY Level: 69.45.
Strong Resistance: 69.25
Original Resistance: 69.05.
Inner Sell Area: 68.85.
Target Inner Area: 68.65.
Inner Buy Area: 68.45.
Original Support: 68.25.
Strong Support: 68.05.
Breakout SELL Level: 67.85.
***Warning *** Trading Forex on margin carries a high level of risk, and may not be suitable for all Traders or Investors.

[waso691]

TODAY'S TECHNICAL LEVEL OF OIL:
Breakout BUY Level: 69.30.
Strong Resistance: 69.10
Original Resistance: 68.90.
Inner Sell Area: 68.70.
Target Inner Area: 68.50.
Inner Buy Area: 68.30.
Original Support: 68.10.
Strong Support: 67.90.
Breakout SELL Level: 67.70.

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

[Dexter]

The oil market is likely to remain on edge about potential oversupply in the upcoming week, despite signs that U.S. sanctions on Iran could curb output.

Worries that a trade dispute between the United Stated and China would slow economic growth and hurt demand for oil have been at the forefront of the market recently.
Despite these worries, the crude market will likely draw support from U.S. sanctions against Iran, which from November will include oil exports.

The sanctions are being reinstated after U.S. President Donald Trump pulled out of the Iran nuclear deal earlier this year.

Iran is the third-biggest producer in the Organization of the Petroleum Exporting Countries, supplying around 2.5 million barrels per day (bpd) of crude and condensate to markets this year, equivalent to around 2.5% of global consumption.
Energy consultancy FGE says it expects this figure to drop below 1 million bpd by mid-2019.

Meanwhile, fresh weekly data on U.S. commercial crude inventories on Tuesday and Wednesday to gauge the strength of demand in the world’s largest oil consumer will capture the market's attention.
Market players will also focus on weekly rig count data for further signals on U.S. output levels.
In an encouraging sign, the U.S. rig count, an early indicator of future output, fell by 9 to 860 last week, according to oilfield services firm Baker Hughes, hinting at a slowdown in production.
That came after data released earlier in the week showed that U.S. crude supplies fell by 5.8 million barrels for the week ended Aug. 17.
Oil futures rose Friday, with the U.S. benchmark booking its first weekly gain in about two months.
West Texas Intermediate WTI crude for October delivery tacked on 89 cents, or 1.3%, to settle at $68.72 a barrel on the New York Mercantile Exchange.
The U.S. benchmark ended about 4.2% higher for the week, following seven consecutive weeks of declines.
Brent, the global benchmark, rose $1.09, or 1.5%, to $75.82 a barrel on the ICE Futures exchange, with the contract marking a weekly gain of around 5.5%. That snapped a three-week losing streak
Ahead of the coming week, de will try yo compiled a list of the main events likely to affect the oil market.
THANK you

[QamarXulqi]

Mery bhai oil jo hai wo bht hi zyada risky hai mai smjhta hun k is par trade na hi li jaye tho bhtar hga aur dsri zaroori bat ye hai k mery bhai iski blkul bhi smjg nahi ati na hi technical ki aur na hi fundamentals ki is waja sy ye over risky hai har waqt.

[FM1881]

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.

[Abniali05]

The worst thing i dislike the sound of oil my dear brothers i am not such a good trader of oil and i am also forbidding that to trade on oil i have tried a lot to know about the trend of oil or to guess the movement but i am unable to do that that's why i am not giving a favor to trade oil.

[sakigbest]

oil ka main zayda kuch nhi bta sakta hum kun ka main na na bai tk is ko kabi use nhi kya hai orr na wee use kerru ghaaa kun ka iss ki moving speed bohat slow hai or iss sa humko loss ka elawa kuch b hasil nhi ho sakata hai or hum ko chaya ka iss main puray demagh sa iss per trading kerain orr is sa acha profit hasil kerain

[Trump]

चार घंटे के समय सीमा पर तेल # सीएल 68.34 - 70.36 की सीमा में संचय की निचली सीमा तक पहुंचता है, आपके विवेकानुसार और 63.64 और उससे नीचे के क्षेत्र में लक्ष्य के साथ 68.34 के स्तर से बिक्री के लिए एक विकल्प है। एक वैकल्पिक विकल्प या तो 67.9 1 की वर्तमान कीमत पर खरीदना है, या कीमत 63.64 - 65.8 9 के क्षेत्र में वापस रोल करने के लिए प्रतीक्षा करें, जहां से 63.64 अंक से नीचे एक स्टॉप और 68.34 - 70.36 के संचय के टूटने के लक्ष्य हैं। खरीद के लिए अगला लक्ष्य 70.36 - 74.86 की सीमा में संचय है।