Oil has broken an important resistance level of 83.90, and is now entrenched above this mark, as the Stochastic Oscillator is oversold and is close to the top begins to unfold, I think the growth to around 86.40 to go on .
Oil has broken an important resistance level of 83.90, and is now entrenched above this mark, as the Stochastic Oscillator is oversold and is close to the top begins to unfold, I think the growth to around 86.40 to go on .
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The MACD histogram is located in the positive zone, and continues to rise slowly, and thus sends a signal to buy nefti.Ostsillyator stochastics is close to the overbought zone, and the% K above the% D.tak also struck a mini level, 83.10, I think the price should grow, the first stop of 83.90 ..
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Oil is now trading almost without change until it was allowed 81.00 below the support level, but at the top for further growth as it is necessary to overcome sloping resistance level, you need to wait for the breakdown of one of the lines.
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oil is the slippery and sticky stuff - Hard to remove it sticks to your sleeves and difficult to get the balance if you step the oily patch - by the end of the day everyone says "dagh to achay hotay hain" OR dirt are good![]()
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Oil is now in the corridor torguetsa 82.20-83-90, the logic is simple ... break through the resistance of 83.90 target 86.40, 82.20, if we break through the support then I think the price will reach to 81 ... I personally think it will go down because it runs at 83.90 moving average (50)..
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Oil is consolidating above 81.22 level where we can expect some pull back breaking these levels we shall see another key support at 75 level, I would wait for rise for short and no long at these levels.
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Short position is preferable at 84.8 with targets 82.25 and 81.2 as next targets. If goes to above 84.8 then we can expect upward movement 85.75 and 87.
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