Oil

[aahh]

I think oil price will be rise. But last trading day we've seen a slip from the region of 89.00. But lastly it showed some uptrend again. So, what can we expect today at the beginning of the market? Any idea or prediction please?

[TheFxTrader]

It continued to rise the price of Brent crude contracts yesterday away from the floor of the central support, which now drops to 47.70, and the price gets a positive ongoing support from the SMA 50, to keep the list of opportunities to continue to the upside over the coming sessions.
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Therefore, the upside scenario will remain valid and effective in the short term, provided that the price maintains stability above 47.70 and 46.76 levels, with reference to the following main station resides at 52.83.

[aahh]

All eyes are now fixated on the upcoming Federal Reserve monetary policy announcement, with a cautious recovery in S&P 500 index futures ahead of the opening bell on Wall Street hinting traders are looking for a supportive gesture from the central bank.

[TheFxTrader]

The price of oil ended the week's trading above the level of 41.87, which makes us stop the proposed negative scenario in the last of our reports and wait for a signal to confirm explained next direction, as the attached trades between this level and the level of the pivotal resistance 42.10, pending penetrate one to identify the point of following the price more clearly.

Contrast that appears between the positive SMA 50 and the negativity on Stochastic provides another reason for the neutral, and deeper look at the chart, we find that the price is forming a bullish pattern possible is to model the head inverted and shoulders, which means that penetrate the neckline has - at 42.10 - will stimulate the price to achieve strong gains confirms stop the downward pressure correction, which controls the recent dealings.

[sayed20]

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 .

[TheFxTrader]

It bounced trading the price of oil down after a retest of 41.87 test, which supports the continuation of our expectations for the downside effectively during the coming period, reinforced by the negativity on Stochastic which clearly show the time frame of four hours, and the road is now open to continue to decline towards our main expected at 38.84.

Therefore, the bearish bias would be likely in the coming sessions, provided that the price maintains stability without the 41.87 and 42.80 levels.

[ilyas khan]

oli trading karnay mai jitna profit hai otna kese or cheez mai nahe hai,lkn yad bat tu hai, es kai trading mai jitna zeyada risk hai otna zeyada profit bee hai.es kay apna trick hai oil trading kai.or ak bat or apke chaheya kai ap apna ap ku market sai aware rakhu daily

[javed415]

dear friend oil ain trading kerna itna asaan nahain hai ismain ap ko ziyda faida to hota ho ga laian main nain hamesha say is per trade ker k kuch faida b haisl kiya hia laiakn ziyda ter is main loss he uthaay hia and main to ismain hamehs ay nakam he hota raha hoon.

[reda2020]

oil kaafi time se bnahut strong chal raha tha may be because of Libiya riots..
lekin last kuch dino se oil kaafi down gaya hai..isne recently 94 ki value ko tod diya hai..
ab tak isne uptrend ka koi signal nahi diya..to lagta hai ki ye aur neeceh ja sakta hai

[TheFxTrader]

The price of oil is hovering around the 41.87 level, which represents one of the following directional keys as well as 43.15 resistance, and as we pointed out in the morning, the price needs to break through one of these levels to determine the following objectives more clearly, which keeps our neutrality exists yet.

Incompatibility between positive and negative stochastic moving average 50 Index offers another reason for the neutral, and to identify the details of the expected goals of the penetration levels mentioned above.