Oil

[hamza661]

OIL Crude for January delivery was at $87.84 a barrel in electronic trading on the New York Mercantile Exchange, down 9 cents, at 2:46 p.m. Singapore time. The contract expires today. The more-actively traded February future slid 3 cents to $88.37. The volume traded for all contracts was 48 percent below the average of the past 100 days. Front-month futures rose 0.8 percent yesterday to $87.93, the highest close since Dec. 4.
Brent oil for February settlement on the London-based ICE Futures Europe exchange was up 10 cents at $108.94 a barrel. The European benchmark crude was at a premium of $20.57 to the corresponding WTI contract, from $20.44 yesterday.
Gold for immediate delivery gained as much as 0.3 percent to $1,676.85 an ounce and was at $1,675.50 at 1:45 p.m. in Singapore. The price fell to $1,661.10 yesterday, the lowest since Aug. 31, as optimism that a deal may be reached boosted equities and pared demand for the metal as an alternative asset.

[Alex]

Also today, pleased and oil, it has managed to break through the very strong upper zone of fractals - resistance 88.15 this breakthrough was another signal in favor of the north and open virtually unimpeded path further north up to the 93.00 figure, just opened another purchase, still far below the 88.00 .

[ahmed fakhry]

The January futures price of WTI rose to 88.13 dollars a barrel on the New York Mercantile Exchange. Futures rose by 0.8 %, after U.S. President Barack Obama made a new proposal as the solution of avoiding the
“fiscal-cliff” and House Speaker, John Boehner was able to change his opinion on the higher tax rates for high-paid employees in order to make a step towards the accomplishment of the agreement.

[jeng]

Oil futures rose slightly in Asian trading Wednesday as U.S. policymakers gave traders hope the world�s largest economy is making progress toward averting the fiscal cliff.

On the New York Mercantile Exchange, light, sweet crude futures for February delivery added 0.02% to USD88.42 per barrel in Asian trading Wednesday. Crude traded as high as USD88.50 per barrel and as low as USD88.34.

[suhermanto]

the try is gaining ground for your own fifth consecutive day supported by risk aversion and falling crude oil costs. the barrel ( wti ) is trading below $90 at the cheapest level since february.

[dollar]

Time frame - H1

analysis with stoch. indicator- stoch indicator is sowing this pair will become over sold and the may be change their direction and Macd indicator we can see some falling in movementum.

analysis with price chart- in price chart we can see that 88.00 is offering a good resistance by the price and moving average also. from here price will move down side short this with take profit 85.60 and stop loss is 88.00

[Alex]

Oil a few hours ago has managed to overcome a strong mark (upper zone fractals) 87.60, now this level acted as a mirror level (resistance became support), most likely it will continue to form a new northern wave target 89.00.

[ahmed fakhry]

Oil: The January futures price of WTI rose to 87.68 dollars a barrel at the NYMEX today. Prices grew by 1%, after the House Speaker John Boehner proposed to raise income tax rates of households whose income is more than $ 1 million a year in exchange for control of expenses.

[fanikakkoo]

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)

[Pioner3]

Oil was the formation of a converging triangle breakout is likely to happen is the northern boundary of the figure since the lower lows, higher and higher (bulls pull the price to the north), the breakout will mark 87.00 to 87.60 to buy.