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Thread: Oil

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    Senior Member Miki is on a distinguished road Miki's Avatar
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    Oil fell yesterday, very much in price, but today it continues to trade virtually without any changes noticeable strong level of support 87.78, from this level will probably think the move to the north.
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    Senior Member mahmoud mohamed tawfik will become famous soon enough mahmoud mohamed tawfik's Avatar
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    long positions at 89.1500 with 90.4600 and 92.2900 as next targets

    the breakout of 87.9700 will call for a rebound towards 86.4900


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    Senior Member ashaab has a spectacular aura about ashaab has a spectacular aura about ashaab has a spectacular aura about ashaab's Avatar
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    The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 88.00 and key resistance at 92.00. Based upon my chart analysis, I prefer to buying the Oil with a break above 89.00 with targets 90.00 then 91.40 and stoploss with four hour candle closing below 88.00.

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    Senior Member Miki is on a distinguished road Miki's Avatar
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    Oil continues to fall, the price broke through the cloud of Ichimoku confidence and confidence strengthened below it, is now the main medium-term trend - south, has just completed a course correction and resumed the northern fall, the goal is now 85.00.
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    Member hichamoiv is an unknown quantity at this point hichamoiv's Avatar
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    Oil market have huge volatility, then the currency market and I think novice trader should not negotiate in this market because the understanding of this market is not easy to trade with oil and negotiation with that dealer market should invest huge dollar.

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    Junior Member sisir is an unknown quantity at this point sisir's Avatar
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    Oil bounced back several times from above 85-86 . I think this time it will show same magic. Long oil waiting for profit

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    Banned Gutsalo is on a distinguished road Gutsalo's Avatar
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    Oil is now growing, but so far we see that the price of doing a rollback ... I think the strong support in this case should serve as a mark 88.00 .. I think it should be the point of purchase for the bulls ..
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    The short term trend of the Oil is to the upside. Intraweek trading range of the Oil is expected among key support at 87.10 and key resistance at 97.00. Based upon my chart analysis, I prefer to buying the Oil around 89.00 with target 91.40 then 93.90 and stoploss with four hour candle closing below 88.00.

    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.


  9. #577
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    Quote Originally Posted by suresh View Post
    Oil market have huge volatility then the currency market and i think newbie trader should not trade in this market because understanding this market is not easy and for trading with oil and for trading with this market trader should invest huge dollar.
    One good thing about oil is in long time it always appreciate and it is poised to make new high so being long in oil may be beneficial than other pairs, though we should avoid being long when it is in bearish trend.

    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.


  10. #576
    Senior Member sobissa will become famous soon enough sobissa will become famous soon enough sobissa's Avatar
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    Oil closed the week bullish candle closed above the Fibonacci levels of 38 on the frame but the daily stochastic regions of saturation exists when my order and the pair is located inside the cloud Como Span him overcome his rise to complete

    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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