Oil

[N4th4n]

Crude Oil still moving in swap area and it's forming down channel. Resistance level on 56.67 has been broken but the trend need to recharge power for a while. Nearest support can be tested today, if there any weak bear candle shown up near the support on 55.77, Buy would be good choice expecting price break the channel and continue to move higher.

[John202]

For oil lost most of the GCC stock markets rose, led by Dubai on Sunday after scoring Brent highest level in four and a half months while Egypt Stock Exchange imported energy closed lower, and Brent to $ 65.80 a barrel on Friday due to continued fighting in Yemen, but US crude retreat to the concerns of a new increase in inventories is that both already allocated gains recorded weekly, and increased the general index of Saudi shares 1.2 percent on Sunday, the highest closing level in five and a half months at the 9752 point where jumped petrochemical giant Saudi Basic Industries Corporation (SABIC), which will benefit from the high oil price 3.5 percent
Technically crude oil trading in the channel bullish on Frame four hours component Reflexive emerging movement of the pair form a "bilateral summit - Double top" model and Tbakl to this model, the entry will be a sale with a broken neck line levels and located at $ 55.93 price then expect to be able Crude price break of the rising channel. The other scenario is the continued climb in the event that the crude from the penetration resistance levels of $ 58.70 and then the model fails

[fatdog]

Main ye thread OIL ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

[ng1985]

pair- oil
time frame analysis- h1



the price is making pull up from the support 56.45 level. the price is also moving in the triangle chart pattern and break the resistance at 57.40 level. hold the long entry with profit target at 59.00 and stop loss at 56.25
good luck

[fatdog]

Main ye thread OIL ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

[fatdog]

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..

[ng1985]

pair- oil
time frame analysis- h1



the price is moving up side with breaking strong higher resistance at 57.00 level. the price is making correction from the level 58.10 that may hold at support. the price may make a pull up from the 57.50 level. hold the long entry with stop loss at 56.45
good luck

[John202]

For oil has oil prices stabilized on Friday near the highest level in the year 2015 recorded in the previous session, but remained on track to achieve weekly gains after renewed air strikes in Yemen as stoked fears about the security of oil supplies from the Middle East, crude oil prices rose about ten dollars a barrel this month, with the increasing tensions in the Middle East and a slowing US production growth as well as signs of global demand growth, and at 0706 GMT, Brent crude rose in futures for June delivery 22 cents to $ 65.09 a barrel after it rose to $ 2.12 at the settlement on Thursday and increased US light crude for June contracts for 8 cents to $ 57.82 a barrel. US crude and scored on Thursday its highest level in 2015 of $ 58.41 and is heading for a sixth weekly gain in a row, rising prices came on Thursday after continued alliance led by Saudi Arabia bombed Houthi fighters and military units allied with them in Yemen despite the Riyadh Declaration earlier aircraft expiration Campaign
Vinyala oil is still trading within the price movement emerging scale Frame four hours, and the pair is currently trading component model "bilateral summit - Double Top" to frame the four hours of this form and complete raw landing and breaking levels neckline stationed at the support of $ 55.90 and Peixrha be accessed sale crude up to $ 53.35 levels, is worth mentioning that in the case of crude continued to climb and was broken previous resistance levels at $ 58.76 price model fails

[Gamabunta]

The price of oil shows a slight downward tendency since the morning and begin testing SMA 50, pending further negative rest of the day to restore the level of 54.45 the test, which is a ground support mission for trading intraday and short-term, with reference to the negative stochastic supports the proposed decrease.

Thus, we will keep the scenario projected am standing as it is to this day, with a reminder of the importance of observing the pair at the arrival level of 54.45, which represents stability above it is an important factor for the resumption of the bullish trend that the main objectives of following up to 66.10.

Expected trading range for today is among the support 54.45 and resistance 57.75 range

[John202]

For oil has OMV Austrian oil and gas, said on Thursday that production in the first quarter fell to 303 thousand barrels per day of oil equivalent, compared with 318 thousand barrels per day in the previous quarter, the company said that the decline was due mainly to the production stop for a month Gudrun field in Norway due to "technical issues" and stopped production in Libya, and the company's product in the first quarter of 2014 about 311 thousand barrels per day of oil equivalent
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Vinyabalnsph crude oil remains stable lowest average simple movement 30 levels and walks within the corrective movement, which we predicted crude due to its presence in the high areas within the channel ascending scale, which makes the price closer to the work of the negative corrections to the bottom, and the outlook remains listing down those corrections so Building on thinner rookie again, and then be a suitable opportunity to buy crude stop loss is to break down the trend and closing below