Oil

[cadetmaaz]

Oil market looks a little bit weak at the moment, and the fact that the Israelis and Hamas have their potential or, this has made a lot of the �risk premium� come out of the oil market.

It technically speaking, it does look like we are heading down to the $84.00 level eventually. We are looking for some type of rally to short at this point that shows signs of weakening. With this in mind, we are not ready to place our trade yet, but do see potential the short any signs of strength in this market. If we managed to get below $84.00, we think this market could fall as low as $78.00 in relatively short order.

[Tyler7]

Oil on the hourly chart has formed a converging triangle, the lower boundary of this figure is made up of medium-sloping level of support is likely to be broken is its northern boundary, with the strengthening of which opened up the purchase, then open the way to 89.60, the South is not considered.

[muazafzal]

The lOil market fell slightly during the session on Monday, and we currently sit just below the $80.00 level. With this being said, we think that there is a significant amount resistance all the way up to the $92.00 handle above, and as such we are not interested in buying crude at this point.

The demand for crude oil has definitely been shrinking over time, and one of the few bullish driving forces behind it has been the conflicts in the Middle East. As these conflicts seem to cool down, with the exception of perhaps Syria, we should see oil prices start to drift lower. We are interested in selling this market, but do not see the set up presently. Anything below the $84.00 level would have us very short of this market, and rallies are to be sold that show signs of weakness

[ahmed fakhry]

The Oil fell against the background of today's meeting of finance ministers in Brussels and the opening the "fiscal cliff� theme in the United States. The January futures price of WTI fell to 87.25 dollars a barrel on the NYMEX giving back all won position against the U.S. dollar on last Friday.

[niknik]

Commodity Analysis: Recent inside days near the midpoint of the range since late October may signal basing before crude makes another bull run. The rally from last Wednesday’s low is impulsive and does warrant a constructive view against Tuesday’s low (8616).

Commodity Trading Strategy: Look higher against 8616 towards the top of the recent range.

LEVELS: 8404 8500 8616 8850 8976 9029

[alecander]

I judge eventually the oil present also origination because galore of its debt crisis in Europe and America, and observe out for tomorrow and the next day because there is programme that can represent the oil change.

[mohamedsalah]

Oil has been rejected by the support level at 87.43. But I think the rejection is not too strong. Basically Oil has an opportunity to rise with the target around 89.28 resistance level. But if Oil fall and can break 87.43 support level and also break the yesterday's low, Oil may decline to the lower support level at around 85.71.

[suhermanto]

The duet is gaining vista for the fifth succeeding day founded by seek dislike and down earthy oil prices. The tubing (WTI) is trading beneath $90 at the minimal stage since February.

[shohankst9]

I think Forex is a good business.oil should be marking out the first leg of a larger correction. Shoud fade over 94(94.15) below 94.15 for 92.50 again before 96.00. I have selling position in 94.25 and will closed after 100 pips profit.Have a nice day.Thank you bro............................................... ...

[hariz]

I think eventually the oil gift also seem because galore of its debt crisis in Europe and Earth, and watch out for tomorrow and the incoming day because there is word that can represent the oil run.