Oil

[niknik]

I wrote last update that “Crude failed to sustain yet another upside break. The rally reversed right at the 38.2% retracement of the decline from the September high (spot). The 10/15 low reinforces the area as one of importance.” The selloff has intensified but it’s no guarantee that 8550 gives way. The pattern remains inconclusive. The trend has been down since September and it’s probably best to treat trade since the November low as nothing more than consolidation before additional weakness.

Commodity Trading Strategy: Now nearing the bottom of the range, reward/risk isn’t favorable for new positions. Bearish risk should be moved down to today’s high.

LEVELS: 8363 8454 8534 8681 8745 8821

[fanikakkoo]

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

[fanikakkoo]

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

[DooD]

Oil my goal is reached, the price just went up to the lower border of the rising channel slope, around which are already noticeable stop in the area is 86.00 and figure, I think to turn the position to buy if you start forming new northern wave.

[ahmed fakhry]

The cost of oil fell to deep lows on the comments of the ECB as well as the background of the fact that U.S. lawmakers could not still reach an agreement on the budget plan. The January futures price of WTI fell to 85.65 dollars per barrel on the New York Mercantile Exchange.

[fanikakkoo]

Crude Oil: sell at 88.800 tp 88.00, 87.25
stop: 89.42

[niknik]

I wrote last update that “Crude failed to sustain yet another upside break. The rally reversed right at the 38.2% retracement of the decline from the September high (spot). The 10/15 low reinforces the area as one of importance.” The selloff has intensified but it’s no guarantee that 8550 gives way. The pattern remains inconclusive. The trend has been down since September and it’s probably best to treat trade since the November low as nothing more than consolidation before additional weakness.

Commodity Trading Strategy: Now nearing the bottom of the range, reward/risk isn’t favorable for new positions. Bearish risk should be moved down to today’s high.

LEVELS: 8363 8454 8534 8681 8745 8821

[zohaibmalik]

Results Clq1nfp oil, after falling from $ 2.3 to Bell the results are disappointing ... In technical terms, but oil is at $ 95.80, where the shoulder neck line to break building has room to drop.

[DooD]

Oil movement in the south continues, the price continues to work hang from the top of the channel, there is a converging triangle formation, the price just did retreat from its upper border which made another run at the sale, at the break of 87.70 support will sell more.

[ahmed fakhry]

The Oil tried to bounce back to its recent highs after yesterday nasty spill. However, the situation has changed after the report of the U.S. Ministry of Energy showed reduction in crude oil inventories of 2.4 million barrels or 0.6 % to the level of 371.8 million barrels in the week ended by Nov. 30. The analysts expected decrease in stocks by only 1.25 million barrels. The cost of January futures price of WTI fell sharply to 87.46 dollars a barrel on the NYMEX updating the yesterday's low.