Oil

[Marki]

Oil for further growth in the north to overcome a number of strong resistance levels around 85.00, then the goal of 90.00, the price of last week met with strong buyer, but with the beginnings of this, he has not felt.

[shiva]

Oil today still met the buyer about the strong level of support below 77.60 which her few days in a row are not allowed

hehe. now today strategy Pivot: 82.00 Our Preference: LONG positions above 82 with 85.25 & 86.5 as next targets. Alternative scenario: The downside penetration of 82 will call for a slide towards 80.85 & 79.85.

[Irika]

Oil today still met the buyer about the strong level of support below 77.60 which her few days in a row are not allowed, and now she even managed to break through the resistance of 82.00, the goal until 85.00.

[darek2302]

Crude continues to consolidate in the region of $ 79-80, and so is the situation throughout the week. In a wider perspective is a strong downward trend. We expect it to continue. The nearest resistance is at $ 80.82. His eventual testing can be a good opportunity to take a short position.

[shiva]

Pivot: 78.30 Our Preference: LONG positions above 78.3 with 79.8 & 80.8 in sight.
Alternative scenario: The downside penetration of 78.3 will call for a slide towards 77.3 & 76.2.

[darek2302]

Just above this line is another area of resistance determined by the previous local minima 94.49 - 95.68 USD.
Only the excess will mean that we are dealing with higher costs and time correction, because if it is only local reflection and realization of profits after the previous wave of sales.

[Gutsalo]

Oil prices continue to fall, are now trading at a level of support 77.50, the last candle is agresivnaya and shows the seriousness of bears, so that while intact for oil has not changed is the support of 75 day long ...

[Irika]

Oil is still able to penetrate the sloping line of support, and this time the price was fixed below this line, it is expected to continue falling this tool, the first goal I think about the level of 77.60.

[maroc89]

recommendation
we recommend staying aside awaiting more confirmation.
Support 79.70 79.00 78.60 78.20 77.00
Resistance 80.70 81.20 82.35 83.00 83.70

[Rashel Patoary]

Oil declined in London for the first time in five days amid speculation that the European Union�s economy will fail to grow, as the region�s leaders gathered in Brussels for a two-day summit. Brent crude fell as much as 1.2 percent as the EU continued to battle the financial crisis that claimed Cyprus this week as its fifth victim. The euro reversed an advance against the dollar and European equities declined as Germany reported that unemployment in the euro region�s biggest economy rose for a fourth month this year. The U.K. remains in recession after reporting today a 0.3 percent decline in gross domestic product in the last quarter.