Oil

[yogesh]

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.

[waleedkhan]

Main ye thread OIL ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

may na aaj tak oil par trading nahi ki hai kion kay mujh market kay may oil ka pair nazar he nahi ayta hai mujh pata nahi chala hai oil ka pair kis naam say hai market may.

[BDforex]

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.

[Maham Gill]

Main ye thread OIL ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

yar main na kafi dafa oil pair ko used ka ha wo be demo account par mujaa ya pair kafi acha or best laga ha esi waja sa to main es par ab really account par trading karoon ga or kafi profit earned kar skata hoon.

[100 to 1,000]

the market is showing a sign that it will go up as yesterday the crude oil futures ended up high.
will the same thing that happened last week be repeated again?
it is really too early to call it a reversal. at least we need to see what will happen to the closing of this week.
however, in the h4 time frame there's already a morning star candlestick formation. so let's see whether the up trend sign in h4 will hold up or be broken.

currently the price is about 250 pips away from the bottom of the downtrend but if it can pass it then it might be a sign that the downtrend will still continue.
if it can break $88.27 then the uptrend will continue even stronger.

[simpleforex68]

I would like to analyze in long term view of the pair. The price is below the Ichimoku Kumo Cloud and EMA 200. So, I think the price will increase slightly to the Kumo Cloud and then it will decrease strongly.

[100 to 1,000]

At 14:10 hours GMT, light sweet crude for July delivery dropped $ 1.57 to $ 81.66 per barrel, the lowest since October 2011. Crude plunged 23% last month due to the effects of the worsening crisis in Europe. Meanwhile, Brent crude for the same month plunged $ 1.66 to be $ 96.77 per barrel, the lowest in 16 months.

yeah. the situation in the Euro zone is impacting the oil price greatly.
will this month bring new hope to the crude oil futures? i don't know, i never know.
but this day oil started downward again. the position of price right now is slightly lower than the mid point of 2008's high and low point.

[100 to 1,000]

the daily candle of the previous day engulfed Monday's gain and also managed to close the gap created during the Monday open.
at this point the intra-day traders might see some ranging trend with a little bit of downward slope. this is Wednesday if today the price can go green it might be a sign for the rest of the week to go green if not then it be a bearish week...

oil price went down hundreds of pips this is really far from the open on Monday. the pressure is mounting to get the price to a lower level.
the question now is whether this downtrend will still continue in the next week or not.
the $80 level is pretty close and if the price can go past this level then i think the price will still continue to go down.
let's just see what will happen next week...

[ashaab]

Back to the longer time frames where we can see how the price is bearishly affected by trading below 161.8% Fibonacci expansion level at 91.05-blue line- as seen on the daily chart. Meanwhile, EMA 20 continued covering the movements and Stochastic reflects the bearish momentum as well. Therefore, the bearish direction may continue for the rest of the day supported by the double top formation with extended targets below the broken uptrend line.



Recommendation : Based on the charts and explanations above we recommend selling oil around 90.00 targeting 89.30 88.50. Stop loss with four-hour closing above 91.05.

[100 to 1,000]

the daily candle of the previous day engulfed Monday's gain and also managed to close the gap created during the Monday open.
at this point the intra-day traders might see some ranging trend with a little bit of downward slope. this is Wednesday if today the price can go green it might be a sign for the rest of the week to go green if not then it be a bearish week...