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Thread: Oil

  1. #1275
    Senior Member muscle fx will become famous soon enough muscle fx's Avatar
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    Brent crude trading through the reduction in the level of five-session winning streak on Tuesday, rose due to optimism over China oil demand, record-high U.S. equity and disruption to supplies in the North Sea.

    The increase has been limited, with medium-term concerns such as U.S. crude supplies and strengthening the country's fiscal crisis.

    Brent crude futures rose 1.52 dollars per barrel and covered with a value of 111.61. U.S. crude rose 70 cents a barrel covered with a value of 90.82, halting three-day trading session losing streak.

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    Oil over the past few weeks has shown a strong southern descent, now the price went up to 200 and moving her around a couple stopped near this moving is also a strong psychological and 90.00 figure, the output volume is also noticeable on the 4 hour chart MASD formed buy signal and the divergence I think now there is a great probability of a north medium correctional wave at least.

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    in the m30 chart the price is not able to break the resistance trend line and price is 90.70. we can long this pair with breaking this trend line and can hold with the target next resistance at 92.10 with stop loss 90.00

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  4. #1272
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    Something the recent oil shows a negative trend .. the price even went below 90 dollars mark .. if you look at the hourly chart we can see that there are some very interesting resistances 91 and T92, respectively .. so long that I think it would be logical to sell when the price comes to these marks ...

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    Crude Oil (Apr 13) intraday: the downside prevails.

    Pivot: 90.90
    Our preference: SHORT positions below 90.9 with 89.3 & 88.7 as next targets.
    Alternative scenario: The upside penetration of 90.9 will call for 91.4 & 91.9.
    Comment: as long as 90.9 is resistance, look for choppy price action with a bearish bias.

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  6. #1270
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    miinyak Futures U.S. fell to the lowest level in the year 2013 on Monday trading sessions, the level of decline for the third session in a row as a reaction to the slowdown of growth in China and an indicator that the supply of oil available to the market is quite abundant.

    U.S. crude futures for April contract fell by 56 cents, closed with a value of 90.12 dollars per barrel, after falling below 90 dollars per barrel for the first time since December. U.S. crude fell dikisaran 8 dollars per barrel over the last month.

    Brent fell by 31 cents to close at 110.09 dollars per barrel value.

    Factors that could weigh on oil prices according to the International Monetary Fund is the U.S. spending cuts could cost the world's largest oil consuming about 0.5 percent of economic growth.

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    Oil is trading at 90.84,and amend double bottom because today low and yesterday low are the same if market close upside so then next day i am sure upside but stoploss keep in mind at a today's low.good luck

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    the price is moving to the down side and now the price is hold at the support 90.00 in the h1 time frame at the time stoch is also move out from the oversold area. we can long this pair with the target resistance at 91.00 with stop loss at 89.50

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    Oil has broken the support level at 90.76 and if I see the current trend, I think Oil is in a down trend now and it still strong enough. With this condition, I think there's a possibility for Oil to continue falling today and the next target is at around 89.28 as the next support level of Oil.

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  10. #1266
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    Crude Oil (Apr 13) intraday: key ST resistance at 91.4

    Pivot: 91.40
    Our preference: SHORT positions below 91.4 with targets @ 89.9 & 89.3.
    Alternative scenario: The upside penetration of 91.4 will call for a rebound towards 92.05 & 93.4.
    Comment: the contract is trading in an intraday bearish channel.

    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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