Oil

[ihabgamal]

oil prices found support well when SMA 50 push it to bounce up wads , while we rely on trades within the ascending channel

[oemata]

Today,Initial support at 100.00 (Intraday Support) followed by 98.00 (Intraday Support). Initial resistance is now at 103.00 (Intraday resistance) followed by 105.00 (Intraday Resistance).

I see that in this forum also member can discuss or making sharing about trading oil and so on, not only forex mainly in currency trading. I do not trade since I I was a trader until now about oil, gold or silver. Although, I am interested in to trade them one day but before starting to trade oil and so on, could anyone explain about the sam and or the difference about trading in the oil for example and currency?

[Irika]

Oil worked fine retreat from the horizontal resistance 90.20, now the price is sure to fixed below 89. figures, the main task now bears will break the resistance 88.50 and below it will be strengthened, it will be another signal to sell (and signal the resumption of the South-wave) and open the way to a figure of at least 88.00.

[Alex]

Oil continues to trade within fletovogo side channel (daily chart), there was a retreat from its upper limit (Zone fractals 90.00) and now is the southern continuation of the formation of sliding door stop waves on the hourly chart the price went up to the area of moving an alligator on them and expect to continue to reduce the South .

[asifanayat]

Yes ajj kal oil ki prices kafi uper hain eis liye trader ko chahiye k kafi soch samajh kr trade krey keun
k oil market ka trend kafi speed sey uper jaa raha hai eis mein buy ki bid lagana he fayadey mund
rahe ga mein tou trader ko buy ki bid ki advice doon ga

[dollar]

Today’s technical analysis
In h4 time frame the resistance trend line is breaked at 88.97 and this level is also act a resistance as per moving average and price chart. today we can see some down side movement and price will hit the support level 87.50
Resistance 3- 92.10
Resistance 2- 91.08
Resistance 1- 89.99
Pivot point- 88.97
Support 1- 87.88
Support 2- 86.86
Support 3- 85.77

[kuku]

i do not like trading this type of commodity the reason as to why i am saying this is because i know oil as slagish in its movement in the market when the market is opened making you take alot of time to makae money.

[dollar]

weekly analysis -

we can see that last week buller are interested and now price will move up side and try to hit the upper resistance trend line at 91.86 but if price hold here and move to lower side the it will hit the supporting level at 84.00 or may be break this level and continue falling till 80.00 level.

[zohaibmalik]

The largest patch of oil demarcation should be the first step. The Foggy Bottom 94 (94.15) 92.50 96.00 from 94.15 twice before. 94.25's position and profit of the sale will close down 100 points.

[kuku]

i think oil is search a nice commodity but the problem with it is that it does not 'move much in the markett making it the worst commodity that one could trade in the market.