Oil

[dollar]

Time frame- H4
the price level 94.11 is good resistance. if we look in day time frame there we can see a doji pattern this may be a signal for reverse the trend so if the price level 92.69 is break we can short this and can hold till 91.50
Today(10-1-13 ) pivot point are-

Resistance 3- 94.59
Resistance 2- 94.11
Resistance 1- 93.64

Pivot point- 93.16

Support 1- 92.69
Support 2- 92.21
Support 3- 91.74

[Alex]

Oil has already found a buyer about a red slip and away from the opening of the U.S. session with a little momentum moved north, now the price is close to a strong mark - the upper area of fractals (Resistance 93.80) is a breakthrough in order to buy another one I expect.

[koboicapcuss]

The increasing role of the U.S. as a major energy producer changing the dynamics of energy markets. U.S. oil production continues to increase, and the government predicts U.S. industry can pump more oil 14 percent this year. The use of non-conventional drilling techniques in places like North Dakota and Texas have created an explosion of U.S. production to the point where the U.S. is expected to surpass Saudi Arabia in crude oil production in 2020, according to U.S. government statistics.

Significant expansion of the pipe as the pipe Seaway add 250,000 barrels per day in capacity from Cushing of 150,000 barrels. market has been suppressing the production of West Texas Intermediate and Brent crude oil internationally, under, $ 18 since September.

American Petroleum Institute data released to production of 2.36 million barrels in gasoline stocks to 7.93 million barrels. U.S. oil production, already high at 15-years old, is expected to increase to 7.3 million barrels per day in 2013. It is also expected to further increase production to 7.9 million barrels, in 2014. EIA estimates that Brent may fall to $ 105 next year and to $ 99 in 2014, from 2012

U.S. refineries are at historically high levels for this year and the price of production, may fall to its lowest level this year amounted to $ 3.10 per gallon. In AAA, the national average price of $ 3.30 per gallon for regular unleaded gasoline, up slightly from the $ 3.29 a week ago, but down from $ 3.47 a month ago. The hope is that this year will increase to $ 3.70.

[ashaab]

The Oil is trading in a very narrow range. RSI 14 and Aroon Indicator show the bearish signal. If the Oil breaks below the 50% Fibonacci level will confirms the bearish scenario. According to my chart analysis, I prefer to selling the Oil below 92.25 with target 89.70 and stoploss is above 94.15.

[Nortigo]

Oil continues to move the formation of lateral movement, a little price approaches the lower boundary of the rising channel, and from him I'm trying to catch the northern continuation of the major trend, while still below 92.50, at the break of 93.80 will open another purchase.

[asifanayat]

Forextrading mein oil kafi acha thread hai ye bohat dinoo sey strong chal raha hai lekn kuch
dinoo sey ye be low reh raha hai eis k wajah kuch b ho sakti hai lekn market mein eis waqt
down he chal raha hai

[ihab]

Trading oil of oil remained stable above 93.00 and finds a strong support base price there , which adds further strengthening our expectations uptrend which is also supported by the SMA 50

[rju]

Essential oil happening 98, i really hope it'll improve as well as going to change with regard to 100, trhen 105 also it going to contact 100 within arriving times however following a few modification, nothing like skyrocket.

[dollar]

Today(9-1-13 ) pivot point are-

Resistance 3- 94.86
Resistance 2- 94.32
Resistance 1- 93.74

Pivot point- 93.20

Support 1- 92.62
Support 2- 92.08
Support 3- 91.50

[Alex]

Oil just came close to the level of medium-sloping trend line from which happened several times already renewed the main northern trneda on a daily chart shows a rising number of lower formation fractal signal + 3 lines alligator - trend continuation signal for 4 hour chart.