Thread: Oil
Dear Friends,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 hope it will increase and gonna reversal for 100, trhen 105 and it gonna touch 100 in coming days but after some correction, not like rocket .
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Spoiler:
“The trend has been down since September and it’s probably best to look lower since the November low as nothing more than consolidation before additional weakness.” IF crude can sustain a downside break then focus (probably later in the month) would shift to the 78.6% retracement of the rally from 7726 and channel support. Also keep an eye on former trendline resistance, which indicated support on 11/28.
Commodity Trading Strategy: 8550, the first target, was hit several days ago and the rest of the position was stopped out at Monday’s high. 8835/89 is estimated resistance to short into against 9031.
LEVELS: 8363 8454 8565 8765 8835 8889
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Yes indeed oil broke above 86.90 resistance, and opened with gepom higher level ... so the first goal, this price increase to around 87.70, what will happen is hard to say ... but you need to watch the behavior of a plot near the important levels. ... and will do it to feel ...
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.
in reality, i'm what i trade on oil the least bit, not even gold and silver don't recognize why, though he is well known regarding his a few traders are trading their merely and are creating smart profits, however im thinking regarding trading them soon,, and shall continue my topic with you greetings
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.
Graph of oil now costs almost sideways but shows that hourly candles are clamped tightly to the resistance level of 87.90 so it is possible that the price will still punch, and of the estimated target for this movement .... 87.60..
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
Oil ka 101 ke paas 1 bahut strong resistance lag raha hai...
jab tak isko cross nahi karega tab tak iski buying karna thik nahi lag raha...
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.
time frame - H4
price level 87.85 is a offering a resistance that is not breaking.
now day the trend is also in down direction for this pair we can short this pair at 85.05 level with stop loss 87.85 and take profit is 84.00
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The price of U.S. light crude oil WTI on the NYMEX was down to 85.80 dollars per barrel. It fell after data showed that U.S. retail sales in November rose less than it was expected and number of applications for unemployment benefits dropped to minimum of the month.
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.
The Oil had extremely volatile session today on NYMEX, firstly falling when the report the Ministry of Energy showed unexpected increase in U.S. oil and gasoline inventories which grew twice stronger than forecast over the past week, secondly jumping up when the Fed was announcing its decision. The January futures price of light crude oil WTI closed at $86.73 a barrel.
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.
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“The trend has been down since September and it’s probably best to look lower since the November low as nothing more than consolidation before additional weakness.” IF crude can sustain a downside break then focus (probably later in the month) would shift to the 78.6% retracement of the rally from 7726 and channel support. Also keep an eye on former trendline resistance, which indicated support on 11/28.
Commodity Trading Strategy: 8550, the first target, was hit several days ago and the rest of the position was stopped out at Monday’s high. 8835/89 is estimated resistance to short into against 9031.
LEVELS: 8363 8454 8565 8765 8835 8889
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.
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