Oil

[Gamabunta]

Swirling oil price around the level of 39.00 since yesterday, and audited look at the graph, we find that the last trading confined within the rising wedge pattern possible, which means that the break support this model that exists now at 39.00 will provide a negative incentive supports the resumption of the main bearish, which is organized within the main descending channel that appear in the image.

[Gamabunta]

We continue tipping the downward trend in the coming period, noting that the breach of 39.00 will open the way towards the historical bottom recorded at 35.13 next major station, while the proposed reduction will remain in place unless the breach of 41.60 and stability above it.

[romario]

pair is nearing the top before it will turn back viciously.......from my fibo range this pair already reach the level on daily chart but if the price kept on going up then the next level will be aroud 9000 area

[Gamabunta]

Succeeded the price of oil to overcome the barrier 40.00 39.00 level to touch directly, and find the floor of good support there cause some volatility side, it has forced the price of some temporary rise before resuming the overall bearish trend, which is organized within the descending channel shown above, and supported by the SMA 50.

[Gamabunta]

We continue tipping the downward trend in the coming period with the support of the MA 50, with reference to the importance of stability below 42.00 to continuing the expected bearish tendency.

[youcefisem]

I just discovered that is very profitable to trade with oil I think I will change my direction andnwork more with oil after a very long way with eurusd tyhat brings me nothing

[Gamabunta]

Bounced trading price of oil down again after a positive attempt made by the price yesterday, the fluctuating price close above $ 40.00 a barrel, with the note that the Stochastic provides a negative crossover now, which supports opportunities downside bias to resume in the coming period, pending skip this level to visit 39.00 barrier as a major goal the next.

[wasim345]

http://postimg.org/image/p7trx3pll/

resistance levels: 49/50/51
support levels: 45/44/43

technical analysis summary:

momentum H1: strong sell
indicators: strong sell
moving averages: strong sell

intraday trend H4: strong sell
indicators: strong sell
moving averages: strong sell

short term trend daily: strong sell
indicators: strong sell
moving averages: strong sell

[Gamabunta]

We note that the price found strong resistance form the SMA 50 at 49.05, and this is what may contribute to pay the price to return to the low again.

Therefore, we prefer to stop on the fence on a temporary basis in order to monitor the price behavior for levels of support 48.40 and resistance 49.05, with reference to the break mentioned support will re-activate the negative scenario that exists main aim next at 44.00, while a penetration resistance positive key will pay the price for gains start at 51.10 has extended to 53.30.

[ng1985]

pair- oil
time frame- m15

technical analysis-



the down movement of the oil price is hold at the support 46.70 level and its again moving up side. this movement is as the correction in down movement as rejecting from the 49.35 level. if the price is move above 49.40 then long with profit target at 52.00 and stop loss at the 48.00
good luck.