Oil

[Vamos]

Oil prices have tried to make the leap to the top, but then he met a very strong resistance and price again went to the opposite side of the corridor so that the picture looks like a bear, but it may be some kind of stop at 90.dol ... but in general I think are going to 88 long ...

[raihan8212]

Crude oil futures edged lower during European morning hours on Wednesday, coming off the previous session�s one-week high amid ongoing concerns over the health of the global economy.

Losses were limited as investors focused on escalating tensions between Syria and Turkey and the possibility that Iran could support Syria in such a dispute.

On the New York Mercantile Exchange, light sweet crude futures for delivery in November traded at USD92.00 a barrel during European morning trade, shedding 0.45%.

Earlier in the day, prices fell by as much as 0.7% to hit a session low of USD91.71 a barrel.

New York-traded oil prices rallied more than 3% on Tuesday to hit a one-week high of USD92.88 a barrel after Turkey confirmed that it deployed additional F-16 fighter jets to an airbase close to the border with Syria.

Tensions between the two countries have been growing since Syrian shells last week killed five people in a Turkish border village.

Growing tensions between Iran and Israel also remain in focus. There are fears that an escalation of hostilities between Israel and Iran could set off a conflict across the region and send oil prices skyrocketing.

Countries in the Middle East and North Africa were responsible for 36% of global oil production and held 52% of proved reserves in 2011.

But prices retreated Wednesday as market sentiment remained under pressure after the International Monetary Fund cut its 2012 and 2013 global growth forecasts on Tuesday.

The IMF said that the world economy will grow 3.3% this year, the slowest since the 2009 recession, and 3.6% next year, compared with July predictions of 3.5% in 2012 and 3.9% in 2013.

Investors also remained cautious amid worries over how soon Spain may formally request a bailout and uncertainty over whether international creditors will extend loans to Greece.

Oil traders were awaiting fresh weekly information on U.S. stockpiles of crude and refined products to gauge the strength of oil demand in the world�s largest oil consumer.

The American Petroleum Institute will release its inventories report later in the day, while Thursday�s government report could show crude stockpiles rose by 1.45 million barrels last week.

The data is released a day later than usual due to the Columbus Day Holiday in the U.S. on October 8.

The U.S. is the world�s biggest oil consuming country, responsible for almost 22% of global oil demand.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for November delivery was little changed to trade at USD114.50 a barrel, with the spread between the Brent and crude contracts standing at USD22.50 a barrel.

London-traded Brent prices have been drawing support from a combination of lingering concerns over a disruption to supplies from the Middle East and worries over declining production in the North Sea-region.

[shohagpal]

The common side effects of fish oil include a fishy aftertaste and in a few cases diarrhea. Omega 3 benefits to the heart, brain and other systems far outweigh the omega 3 fish oil side effects. One thing to be cautious of, however, is that fish oil is a blood thinner. Therefore, if you are already using blood thinners (such as aspirin) be sure to let your doctor know you intend to take fish oils so he or she can monitor you.

[lulu50]

Oil is the best for trading in these market you raelly have to understand trading these market.
there are a lot of factors that make oil either expencive or cheap.
Its scarcity and the value of dollar.

[tradergalau]

yesterday, Oil moved in a great bullish trend. Then, if we look on the previous candle on daily time frame, we can see that the candle indicates the buyers are dominating in the market now. So, I think Oil still has a power to continue the up trend today. I expect Oil will go up to the nearest resistance level at 93.61 or even to higher resistance level at 93.61.

[nurdiantofxwave]

Oil appears in bullish morning star candlestick format. Oil possibility of further movement tried to break resistant at 93.63 and managed to penetrate resistant if the next target is 95.07.

[smart]

Pushed the price of oil upwards strongly yesterday, and this what the secondary image shows, but this rush stopped at the retest level support for the main ascending channel - described the picture - and who meets him SMA 50, which refers to the strength of the resistance.
Thus, the return to the upward path has not yet been confirmed, making us continue to neutral until we have more accurate signals confirm the trend.
Pivotal resistance levels referred to exist between 92.30 - 92.65
Expected trading range for today is between: Support 90.00 Resistance 95.00



General tendency is expected for today: neutral

[raihan8212]

Crude oil futures fell in Asian trading on Wednesday in wake of an IMF decision to cut global growth forecasts for this year and next.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD91.73 a barrel on Wednesday, down 0.71%, off from a session high of USD91.94 and up from an earlier session low of USD91.71.

The IMF said that the global economy will expand 3.3% this year and 3.6% in 2013.

Both forecasts represent downward revisions made in July for growth of 3.5% for this year and 3.9% in 2013.

The numbers convinced investors that the global economy is cooling and will be in less need of fuels and energy to operate.

The numbers sparked concern among analysts that weekly crude and gasoline stockpile data released in the U.S. this week will reveal waning demand for oil and fuels.

Elsewhere, protestors clashed with police in Athens to mark German Chancellor Angela Merkel's visit to Greece, as the German leader urged Greece to stick with austerity measures, adding the country will be better off in the long run.

Uncertainty over whether Spain will seek a bailout kept oil lower as well.

On the ICE Futures Exchange, Brent oil futures for November delivery were down 0.42% and trading at USD113.92 a barrel, up USD22.19 from its U.S. counterpart.

[bunty]

Trading in oil is a very good trade. you can earn much by this trading. 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.

[Macintosh]

Oil prices kept under so inclined myself, resistance levels today ... a little oil added to the price and come down to the marks from where you can try to go in a short position, that looks as if a pro-vendor is where to put the stop then I think to sell, with the goals of about 88 dollars ..