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Thread: Oil

  1. #1192
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    in the m30 chart the price is moving in the range between support and resistance. the upper side resistance is 96.20 price is reached two time but not break and lower side support at 95.50. we can trade in the break out direction but the major chance we look for short entry.

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    Senior Member Mouseen is on a distinguished road Mouseen's Avatar
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    Oil is again considering to reduce the price again today met with horizontal resistances 97.00 figure and after a false breakdown price collapsed again strongly to the south, MASD formed divergence and a sell signal as a 4 hour and the daily chart suggesting a possible change in the underlying trend south and on the continuation of at least medium-term decline.

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    the moving average is try to provide a support to price at 96.80 the pair is also over bought as per cci and stoch indicator so it down trend is possible. we can short this and can hold our position to the support level 95.40. we set the stop loss 96.90

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    Senior Member Mouseen is on a distinguished road Mouseen's Avatar
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    Oil over the past few hours demonstrates aggressive reduction, the price is now coming to a very important mark and strong figure 95.00, which I think so far and will be the main purpose of the bears, they are probably about it will fix their profits, and the trend is still the north, at the start of consolidation and signs of a turn going around him to roll over on the purchase.

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  5. #1188
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    the fact that trading is alarge trading capability i kno that we can be sure that the trading we do is so much effetive and i know that we all need to make abetter outcome in the market to make it very well.

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  6. #1187
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    the price again has been reach to the support level at 96.00 in the chart we can see that candle are very high so now it is ready to break this support and will move to down side. we can hold our short position to the next support at 95.00. stop loss is 97.00

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  7. #1186
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    Oil actually looks good on the south, the cost to see that the price has formed a bearish engulfing and repulsed from 97.00 figure (around which the 200 moving) continues to decline, just could not resist and Support 96.70, also on the daily chart is developing a sell signal MASD, yes and the dollar index is still growing, while to think 95.00 will be support-only can expect from it renewed trend.

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  8. #1185
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    Oil after breaking oblique support level (medium-trend) below the moving steadily strengthened alligator after which the price was adjusted slightly to the north in the area of resistance around 97.00 which also are moving alligator (which in turn crossed to the south), notably the formation of fractal top, I think the figure of 97 and will resume the southern point of decline.

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  9. #1184
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    Oil can now be held on the resumption of the northern main trend, the price went up to long-term support level (which are moving around the alligator-that serve as the trend line), and is unlikely that such a strong trend so soon would break, waiting for the price again in figure 98.00 .
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  10. #1183
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    Oil seen midterm bearish channel, a few hours ago after the price has met with its upper limit on oil occurred southern retreat and break short-term support 97.40, and this was another signal for reducing and opened the way to 97.00 and it is possible that the figure and the lower boundary of the channel.
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    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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