Our preference: LONG positions @ 96.95 with targets @ 98.5 & 99.2.
Alternative scenario: The downside breakout of 96.05 will open the way to 95.5 & 94.9.
Thread: Oil
Our preference: LONG positions @ 96.95 with targets @ 98.5 & 99.2.
Alternative scenario: The downside breakout of 96.05 will open the way to 95.5 & 94.9.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
time frame- H1
the price is moving along the supporting trend line and the parabolic sar is also giving us short signal. the macd indicator is now goving to the zero side. but for the short entry we must wait to break the supporting trend line. it has a good support at the 97.45. if this level is break short with the take profit at 95.20 and stop loss at the 100.00
good luck
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oil is moving little up an then go little down.its moving seeing between95 to 99.it may give us profit not dangerous not blown our account like gold.work slow and give low profit.
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today i like to buy this pair @ 97.37
my stop loss of the day @ 97.00
half take profit for today @ 97.60
and further half take profit @ 97.90
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Crude Oil bullish bias up 98.05 (zone of the upper fractal).- Pivot at 97.55.- Preference: Long positions above 98.05 with targets of 98.8 and 99.5 (the main purpose of 100.00).Alternative scenario: The downside penetration of 97.55 will call for 96.5 and 95.9.Analysis: RSI bullish: DAL expected growth.
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Our preference: SHORT positions below 96.7 with 95.5 & 94.9 in sight.
Alternative scenario: The upside breakout of 96.7 will open the way to 97.8 & 98.5.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
time frame- H4
Macd and rsi indicator is giving us short signal. the price is also rejected from the resistance 97.40. this down movement is continue expected but we will wait to break the support at the 95.90. if this level is break the price will try to move at the support 91.50 level. short with the stop loss at 98.50
good luck
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today i like to sell oil @ 97.60
my stop loss of the day @ 97.90
half take profit for today @ 97.33
and further half take profit @ 97.05
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
And according to the chart for an hour, oil faces a strong resistance level at $ 95.20. But there's more: building graph shows the "revolutionary science", and if oil broke the $ 95.20 level, may begin to rise towards the $ 95.70 level again.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Update:
The price of the crude oil breached 97.30 and provided a four hours close above it, to reinforce our positive overview for today, which remains valid for the rest of today’s trading.
---------- Post added at 11:30 AM ---------- Previous post was at 11:28 AM ----------
Update:
The price of the crude oil breached 97.30 and provided a four hours close above it, to reinforce our positive overview for today, which remains valid for the rest of todays trading.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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