SubscribeThe rise may run into resistance going forward however as S&P 500
stock index futures point to weakness in late Asian trade
kkk
Thread: Oil
The rise may run into resistance going forward however as S&P 500
stock index futures point to weakness in late Asian trade
kkk
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Decided to just open the sale of oil, the price shows a strong decline, oil a few hours before the stage and completed corrective repulsed from sliding alligator just broke through the lower zone of fractals (support 88.30) - this was a strong signal to sell because finally opened 88.00 and 87.70 marks .
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Oil for the third day demonstrates a strong southerly decrease, the price broke through a number of strong levels of support, including long-term and 90.00 figure below that level building opened almost unimpeded path to 85.83 against such a strong southern trend is better not to go, with the resumption of the fall will again sell.
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i like to buy oil @ 89.20
my stop loss of the day @ 88.57
take profit @ 89.67
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As the world growth forecast has been cut and due to that oil demand is also decreased thats why oil dropped on friday and test a low around 90.30 for me oil is slightly under pressure right now, i think 87.40 can be seen within 3 weeks time we can buy there to gain 94.30
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Futures for BRENT OIL ... now shows a downward trend ... on the last trading day fell more than $ 3 but in the end a little rolled back ... but it is clear that the price is not gone, and now there is a certain stop that makes the inversion again the south side, so it is possible that more will continue falling.
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Main ye thread OIL ke discussion ke liye bana raha hn......
or is ki tread kar k me kafi sari earning hasil karna chahta hon
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.
waw extremely bearish count treats the decline from 9049 as a series of 1st and 2nd waves (valid as long as price is below 8473).
7960 is short term resistance.
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Test Crude Oil Price 93.00
WTI crude oil also extend way down, because the price is not only failing to stable above 94.00 level - after failing to break above the 50-day SMA at 94.50 - but also fall below 93.00 on Friday. At this time, the price of crude oil is testing the resistance.
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I think the use of the oil trade is a trade that we can use with very large capital sir, so we can get a good result if we could do the analysis correctly laterOriginally Posted by Anytime
this way if I was going to use the oil trade then I would use the capital on 1000 dollars sir
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