Thread: Oil
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Yesterday was a quick but short correction in oil, is usually done to raise the foot and go further in the direction of the trend came very quickly and now the price is again testing the upper limits ... so I think oil prices will rise ...
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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.
Oil will likely continue to rise. Today the possibility of CL will rise to the level of 89.89 to 90.69. But if the price had dropped below the pivot (88.65), probably oil would drop to a level of 87.85.
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The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 86.20 and key resistance at 92.20. Based upon my chart analysis, I prefer to buying the Oil around 88.40 with targets 89.10 then 90.20 and stoploss is below 87.00.
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hey it nice area for oil discussion..but can anyone tell me please how many capital require to trade oil safely and without margin call for short term like 5m time frame..i am really attracted to oil because it has zero spreads and i am scapler so 3-4 pips that are spreads on other currencies are profit for me in oil..please guide me for trading oil safely..thanks..
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In the oil market indicator MASD showed a double divergence, but so far for the fall of price must also be overcome and the support of 88.70, with a break open the way for further decline, to 87.50.
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Oil price has just tried to break through the resistance level of 88.74, but for now strengthened above the mark it was not possible, as shown MASD divergence, I think that a possible southern areas.
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.
Thanks mahmoud mohamed....
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.
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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