Oil

[TheFxTrader]

The price of oil ended yesterday's trading positively and clear away from the support of the main ascending channel after trying to break it in advance, where he succeeded SMA 50 forming the floor of strong support stopped attempts by the negative price, to settle now above the barrier of $ 50.00 a barrel.

[TheFxTrader]

The price of oil trading positively since the morning to pierce the 49.00 level and settle it, which puts the price within the ascending channel again, opening the way for a return to the main upside and stop the bearish correction that began after touching 51.65 recently.

[TheFxTrader]

The price of oil shows a positive trading slightly since this morning to move above 47.00, where the price positively affected by Stochastic who loses his intention rookie significantly now, supporting the rebound down the chances for the resumption of the bearish trend in the short term.

[TheFxTrader]

Keep the price of oil on the persistence without previously ascending channel broken support, which keeps the negative pressure in place until now, waiting for the downward tendency which aims to test the level of 45.65 initially resume, which represents 23.6% Fibonacci height measured from 26.21 to 51.65 is corrected.

[muteeb1120]

Oil kafi strong chal rha ha but ajj kal is ki value gir gai ha .. i think ab is ki
Value 94 pr ha .. or libiya ki wja Se oil ki value me kmi ha arhi ha .!

[TheFxTrader]

Brent crude oil futures ended the day last Friday without the ascending minor channel shown in the image above the support level, to track intraday turns downward, targeting a test of the pivotal support levels that start at 48.70 and stretching to reach the main ascending channel support at 47.30.

[TheFxTrader]

Resumes Brent crude contracts for negative close to approaching the ascending channel shown in the image support the test, who meets him SMA 50 adds more power to him, as long as the price is above the level of 50.30, the expectations of the bullish trend will remain effective, supported by a positive stochastic, pending Visit the level of 53.80 mainly.

resume Brent crude contracts for some of the negative trading to close around 51.80, where he managed the stochastic rid of passivity and gain positive momentum on the time frame of four hours, which is a positive incentive expect that the price paid for the resumption of the bullish primary trend, which is organized within the ascending channel shown image.

[trader123]

nice bhi je bht he achi bat ha ap pehly b achi he posts kerty han forum mein oil ki bat to bht he better ha is mein trade kerny k liy ap k pas acha balance hona chaye jiss se ap isen acha seekh skty han acha kama skty han trade kar k is mein trade kerny ka apna he maza ha

[TheFxTrader]

Resumes Brent crude contracts for negative close to approaching the ascending channel shown in the image support the test, who meets him SMA 50 adds more power to him, as long as the price is above the level of 50.30, the expectations of the bullish trend will remain effective, supported by a positive stochastic, pending Visit the level of 53.80 mainly.

[TheFxTrader]

The price of oil has succeeded with the breach of 51.10 and closed the daily candle above it, which confirms opening the way for an extension of the bullish wave targeting 53.30 zones main station next to the scenario remains bullish trend persists effectively during the coming period.