Oil

[ahmed fakhry]

Oil prices went up after Tel Aviv (Israel city) officially announced the launch of a large-scale operation against the infrastructure of terrorist organizations and activists in the Gaza Strip, including the "Hamas " and " Islamic Jihad." The December futures price of U.S. light crude oil WTI grew to 86.63 dollars per barrel on the New York Mercantile Exchange.

[ddukic]

Oil 12/11/2012 - 4h Chart Analysis



CRUDE OIL DAILY CHART

SUGGESTIONS:

Last week was a stabilizing trading period for the Oil�s price. As you can observe at the end of the last falling part of the graph there are several daily bars signaling this stabilization.

In my opinion, the price will low up to the U1 blue trend line before presenting any signals for the continuation. Don�t forget that 77.07usd constitutes a level confirmed several times in the recent past of few months.

My friends the �Bears� keep your short positions. You suffer the roll over cost but you are after a risk/reward ration that worth trying. My stop loss is above the tandem of the two SMAs. I know is expensive but is possible that the price tries it before moving again �south�. I am leaving to you the way to handle it.

�Bulls� wake up. There is a chance to open small long positions at the encounter of the U1 blue trend line. Stop loss immediately below.

[forexking2]

Price of oil tries to achieve some positive and close to the level of 86.00 pivot, which represents the stabilizing below the most important factor to achieve the bearish trend is likely to this day.

[jonyr]

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[Tyler7]

Oil can be seen sloping support level from which just occurred northern retreat, the price begins to ****ually resume the northern trend, keep buying, on the daily chart MASD hem signal to the north, also on the hourly chart bullish candle absorption.

[Bieela_cute]

Moving Averages:Strong Buy
Indicators:Strong Buy
Summary:STRONG BUY
Pivot PointsTime: 14.11.12 09:17 GMT
Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 85.515 85.66 85.845 85.99 86.175 86.32 86.505
Fibonacci 85.66 85.7861 85.8639 85.99 86.1161 86.1939 86.32
Camarilla 85.9393 85.9695 85.9998 85.99 86.0603 86.0905 86.1208
Woodie's 85.535 85.67 85.865 86 86.195 86.33 86.525
DeMark's - - 85.9175 86.0263 86.2475 - -

[suzonbmw03]

HI DEAR,Oil going on 98, 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.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).

[ahmed fakhry]

December futures price of WTI is trading in the range of 85.27 - 86.49 dollars a barrel on the NYMEX. The prices of oil fluctuated in trading in American session after the positive data of the China trade balance and disappointed results of the economic growth of Japan.

[hodhod2000]

The trading range for today is expected among the major support at 82.00 and the major resistance at 86.10.

The short-trend trend is to the upside with steady weekly closing above 78.00, targeting 104.65 and 110.55

[ahmed fakhry]

The December futures price of U.S. light crude oil WTI fell to 84.10 dollars per barrel thus resumed their decline after a U.S. government report reported an increase in stock reserves for the fourth time in five weeks.