Thread: Oil
the price of oil continues to form the flag can be seen that the prices of all boshe rising to the top, but as long as there is still resistance hinders 96.60 ... so after waiting a considerable breakdown of heavy traffic on the oil market ... looking forward to a shot that will eventually lead to 100 USD mark ....*-
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jab tak isko cross nahi karega tab tak iski buying karna thik nahi lag raha... ab tak isne uptrend ka koi signal nahi diya..to lagta hai ki ye aur neeceh ja sakta hai
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Oil is now found itself in two very strong support level - horizontal and inclined 95.75 mid level, about them now is a strong consolidation below 95.75 price bulls are not allowed, it seems there are active shopping, I think that from him, and will resume the main northern trend, keep buying , profit until 96.45.
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in H4 time frame stoch is giving short signal at the same time cci is also over sold so this will giving us signal for short but the lower side price is also having a good support at 95.46 and other 94.90. if first support is break then the target will be next support at 94.90
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Today,Initial support at 100.00 (Intraday Support) followed by 98.00 (Intraday Support). jab tak isko cross nahi karega tab tak iski buying karna thik nahi lag raha...
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Oil approach it,s highest level in four months amid optimism a recovery in the global economy
where future changed slightly after rising by 0.3% last week amid the rise of corporate profit,s industrial China for the fourth month in December , which gives an indication of the high demand for crude
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An assorted list of Forex brokers that provide all traders with the opportunity to trade oil and sometimes other types of commodities. Oil price is strongly connected to the currency rates, that's why the oil market often brings a good chance to the Forex traders to increase their usual profit. You will find 59 brokers listed in the table below.
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.
very impressive trend line .. after the breakdown of the horizontal level 94.60 I think you need only to think about shopping .. See chart at the top ... the price is above the support and sloping trend line ... so that probably is the place to buy big players ...*
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oil is one of the best commodites i know while we are trading that we should have but i know that this commodity does not move that much so i try my best to make sure thaTi have traded my best.
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Oil can be seen side-channel 95.00 lower limit from which the beginning of the current wave of northern and 96.92 is the upper boundary of the channel (zone 2 upper fractals) and current weekly maximum to which the price moves and now, first of all, I still consider this a breakthrough mark with the release of a new high but the beginning of consolidation around 96.00 and signs of rebound also consider selling.
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