Thread: Oil
Oil has really headed up strongly. It is very surprising therefore that USD has not fallen at all in this time. I think that something is not quite right - it may be the american holiday, but it seems that everything is out of sync - at least today. I think oil will continue to rise.
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Oil Forecast to See Volatility in Q3 as Growth Outlook Uncertain http://t.co/UHCMZw4J $CL_F $MACRO
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Oil was trading all day virtually unchanged, the couple is in a corrective phase after yesterday's strong growth rate close to the blue line Ichimoku, the underlying trend-north, with the resumption of growth will be buying.
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Pivot: 86.00 Our Preference: LONG positions above 86 with 88.6 & 89.5 as next targets. Alternative scenario: The downside breakout of 86 will open the way to 85.1 & 84.35. Im tech pair don`t analyse but political dolls play this great tool.
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Oil is fed like all bulls, it has shown very strong growth in the north, after which we should expect at least the southern correction in the medium term it should be expected from continued growth in the flesh, to 90.00.
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Oil continued to rise today, the price is now trading above the Ichimoku cloud and the underlying trend is now north, and the price still managed to break the strong resistance level of 85.00, the purpose I think will be around the level of 90.00.
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Pivot: 83.25 Our Preference: LONG positions above 83.25 with 85.25 & 86.5 in sight.Originally Posted by zahed11
Alternative scenario: The downside penetration of 83.25 will call for a slide towards 82 & 80.85.
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Well, the bears seem to have given up the slack and the price immediately jumped very well, struck a sloping trend line and is consolidating above 82.70, so it is very possible that the north is gaining momentum, but I think so to say that oil prices are taking a return to the $ 100 mark needed first be above 86 dollars ...
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If the price closes below the back doing nothing.
If close to the M15 and only sell 86 below, do not buy. If the price closes above the back nothing
Series 85 and 86 is neutral territory, trade in real estate takes place in the personal decision and not a part of this analysis
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After strong growth in the Friday with the start of this week oil prices went south, and the correction continues to fall, but the Ichimoku displays a signal three signal lines continue to grow, to think this week will be a level of 90.00.
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