Oil

[Gamabunta]

Bounced trading price of oil up significantly yesterday after the price floor found strong support at 43.37, the fluctuating price around the level of 45.60 now, with a note that the Stochastic loses his intention positive in a clear and close to providing a negative crossover signal on the time frame of four hours, which is a a negative signal wait to pay the price to drop again.

[Gamabunta]

Trading price of oil positively remarkable evening yesterday to approaching the test pivotal resistance 46.85 again, noting that the stochastic loses his intention positive clearly in conjunction with the approach of the mentioned resistance, which encourages us to keep our expectations overall for the downside, which requires sustained stability below 46.85.

[Gamabunta]

Moving the oil price within a narrow range since this morning with some downside bias is very slight, and as long as the price is below 46.85, we continue tipping the downward trend in the coming period, with the reminder that the breach of 43.20 will complete the formation of the double top, which will pay the price toward extending the target modelIt resides at 37.73.

[Gamabunta]

In general, we are waiting for targets start at 43.37 and extends to 37.73 in the short term, with a reminder that the breach of 46.85 will pay the price for further upside correction which is up next target at 49.70.

[Gamabunta]

We point out that breaking the target level required for the extension of the bearish wave towards the bottom recently recorded at 37.73, while a break of 46.85 and stability above it stop the current negative pressure switch and pay the price for further attempts to recover in the short term.

[fxearner]

oil ne last 6 years ka down touch kiya tha lekin one day me he ye pair 6 percent up hua tha aur 3 days me 10 perecnt,esliye esme abhi kuch bhi trend clear nahi dikh raha hai to esme trade karne ka kuch nahi kahan ja sakta hai..

[Gamabunta]

The price of oil ended trading below the level of 46.85 after the strong positive attempts shown by the evening, which keeps our expectations on the overall direction of the falling list yet, pending the trend towards key 43.37 level next station.

[Gamabunta]

Realized oil price strong breakout above 46.85 and closed four hours the last candle on it, which makes us stop the proposed negative scenario in the main our reports for the day and wait for the closure of the daily candle for the mentioned level, where the stability above it will pay the price to achieve further gains, which reach the following objectives at 49.70 and then 52.50, while trading below it again will re-activate the main expectations downward trend that connects the main target at 37.73.

[Julien Ghali]

Retail Sales gauges the change in the aggregate value of sales at the retail level across the country. It is an important indicator of consumer spending accounting for the majority of overall economic activity.

A reading that is stronger than forecast is generally supportive (bullish) for the AUD, while a weaker than forecast reading is generally negative (bearish) for the AUD.

[Gamabunta]

The price of oil is trading negatively noticeable to complete the formation of a double top sub after the break 47.00 level model, which puts the price under negative pressure is expected to turn intraday trading downward rest of the day, the main objective of the first resides at 44.00.