Oil

[ASER]

Break 51.10 will pay the price for the visit level of 48.40 mainly, while the penetration resistance will enable the price of the gains start at 55.50 and extends to 58.20, noting that this breakthrough will provide an initial key to attempts to stop the pressure correction downward current, and then restore the bullish major trend.

[Gamabunta]

The price of oil ended the day yesterday between the parties to the sideway range shown in the graph, which keeps the scenario sideway trading existed until now, waiting to penetrate one of the parties mentioned scope, which is the support 51.10 and resistance 53.30 to determine the point of the following price more accurately.

[ng1985]

pair- oil
time frame- m30

technical analysis-



the down down movement of the price is break supporting trend line at 51.50 and moved to the lower at 50.20 level. now the price may up side as the stoch indicator is showing. long with take profit at 52.00 and stop loss at the 50.00
good luck.

[Gamabunta]

Oil again failed to hold above the 50% Fibonacci level at 53.35 and failover sideway range as it breached the 53.80 level

The pair moved without moving averages, while the ADX has become negative. Vigdon that, RSI index has turned into a decline, however, it is necessary to break the Fibonacci 61.8% at 51.15 to keep Alyalmah valid.

Ultimately, any break below 51.15 support level threatens 50.50

[Joey11]

oil prices still not performing very well , i think the china crisis has a really a very big impact on commodities such as oil and Gold and this push the oil prices to go very down which cannot be a very good thing for the Canadian dollar.

[Gamabunta]

No crude oil is still trading in a rectangular sideways between support levels at $ 51.40 and resistance at $ 53.79 price levels which makes us wait either fracture or penetration in order to access the sale or purchase of the raw

[ASER]

Index positive stochastic now has the price paid to test the resistance of the above, with the reminder that a break of this resistance will pay the price for the attempts to restore the rising main trend which stopped to conduct the current bearish correction, and targets start at 55.50 and extends to 58.20, while a break of the support 51.10 a negative factor will provide correction the downside to reach 48.40 level.

[Gamabunta]

The price of oil conducted a test of the pivotal support 51.10, which represents support for the sideway range which limits the recent trade, where resistance to this scale level is at 53.30, to remain trading side in control of the intraday range, waiting for a breakthrough one mentioned levels to determine the following objectives more clearly.

[ng1985]

pair- oil
time frame- m15

technical analysis-



the stoch indicator is moving out from the overbought level 80 but the price is moving up side from the 51.20 level. it is having a supporting trend line. long at the 52.30 with profit target at 53.25 and stop loss at 51.00
good luck.

[Gamabunta]

The price of oil falls under the more negative pressure that makes us stop the scenario suggested bullish trend in our morning report, the target price test pivotal support 51.10.
Thus, we will return to neutral to confirm that the price skip a pivotal support levels are 51.10 and 53.30 resistance.