i said it will begin pumping inventory at Cushing, Oklahoma delivery point was not durable, risk appetite, trends quickly sink new WTI contract, which the European Union focused on sovereign power over the emotions weighing Continuing....
Thread: Oil
i said it will begin pumping inventory at Cushing, Oklahoma delivery point was not durable, risk appetite, trends quickly sink new WTI contract, which the European Union focused on sovereign power over the emotions weighing Continuing....
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Oil pleased with the strong growth of the north, the price just came close to the 90.00 figure around which has been building top-fractal, but is in no hurry to close the purchase (I will close out and possibly turn over the sale only when mounted below $ 89.46) and while I'm breaking 90.00 figures and future growth.
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Anyone agree with me when i said that when oil up, EURUSD up, and When Oil Down, EURUSD down... some curious but i think that is a really fact. What you think?!?!
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Oil: The cost of WTI February futures rose to 90.35 dollars a barrel on the NYMEX as the data showed that crude oil inventories fell by 964,000 barrels to a level of 371.650 billion barrels in the week ending on December 14.
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Time frame- H1
price level 90.00 is a resistanting level and the may be not breaked as per stoch indicator also. stoch indicator is reach in the rage of over sold and we can short this pair with cross out and can hold trade till 88.35
todays pivot points are-
Resistance 3- 92.53
Resistance 2- 91.21
Resistance 1- 90.44
Pivot point- 89.12
Support 1- 88.35
Support 2- 87.03
Support 3- 86.26
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Near-term bulls from 85.20, continue to drive the oil price higher, as break above yesterday’s high at 88.61, looks for test of 90.31/85.20 decline at 89.00. Prevailing positive tone on lower timeframes is reinforced by daily indicators move into positive territory that opens way for test of upper boundaries of near-term 84.05/90.31 range.
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Anyone agree with me when i said that when oil up, EURUSD up, and When Oil Down, EURUSD down...
some curious but i think that is a really fact. What you think?!?!
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.
Oil can now give an excellent entry point to buy, the price entered in the correctional stage and came to a broken little earlier level of support for the now 88.11 - 88.00 figure, and from him I expect to resume the main northern trend, stop (and a possible coup) just below the 88.00 figure .
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Oil
Initial support at 95.00 (Intraday Support) followed by 92.50 (Intraday Support). Initial resistance is now at 98.00 (Intraday resistance) followed by 100.00 (Intraday Resistance).
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Time frame- H1
we can see that price is continue moving up side. we can draw a trend line with joining its lower.
the pair is giving the signal for long as gold is also falling. we can hold our long trade till 90.00 but there is must care with stop loss. if the lower trend line break at 87.75 then there is also chance that price change its trend and move in down direction.
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