Oil

[ashaab]

The trading range for today is among the major support at 93.60 and the major resistance at 99.60.

The short-term trend is to the downside with steady daily closing below 106.40, targeting 90.20.



Recommendation : Based on the charts and explanations above our opinion is selling crude around 96.95 and take profit at 94.80. Stop loss with four-hour closing above 97.70.

[idlogin]

Oil Failed to continue rally surpassed the record high yesterday, trimming debt rating Spain had become an obstacle to further oil price increases. Europe is not a major factor, but that world oil demand for the euro is about 12 percent so that the state is going blue in the continent can not be ignored. Oil prices are expected to decline in areas that are not too wide. Economic downturn in Europe could reduce demand for oil will short term. Oil prices are expected to decline in areas that are not too wide. Economic downturn in Europe could reduce oil demand in the short term.

[forexinurdu]

U.S. crude oil contract moved down on Friday, maintaining a price slightly above $ 104, while the Standard & Poor's decided to cut its debt rating of Spain that raises new concerns for the economic situation in the euro zone.

NYMEX crude oil contracts for itself fell 51 cents to $ 104.04 per barrel. Yesterday, crude oil contract rose 43 cents, or about $ 0.41, to survive at the level of $ 104.55 per barrel, after trading from the previous $ 103.84 to $ 104.92.

thanks for sharing. i agree with you about oil.oil situation is very strong.so i want to buy today but wait for conformation.if any one have suggestion for me so please tell me about oil.
thanks and happy trading

[idlogin]

U.S. crude oil contract moved down on Friday, maintaining a price slightly above $ 104, while the Standard & Poor's decided to cut its debt rating of Spain that raises new concerns for the economic situation in the euro zone.

NYMEX crude oil contracts for itself fell 51 cents to $ 104.04 per barrel. Yesterday, crude oil contract rose 43 cents, or about $ 0.41, to survive at the level of $ 104.55 per barrel, after trading from the previous $ 103.84 to $ 104.92.

[idlogin]

Oil edged up above $ 119 per barrel in the session Thursday, after optimism about the U.S. economic recovery offset the impact of increased global supply.
Brent crude rose 12 cents to $ 119.24 per barrel observed until around 08:17 GMT after closing up 55 cents to $ 119.12 on Wednesday. Meanwhile, U.S. crude rose 10 cents at $ 104.22. The benchmark index closed at the level of $ 104.12, up 57 cents.

[rajib]

Libiya riots ..lekin lost kuch dino se oil kaafi down gaya hai ..isne recntiy 94 ki value ko tod diya hai...ab tak isne uptrend ka koi signal nahi diya ..to lagta hai ki ye aur neeceh ja sakta hai

[kuttus]

Oil have a strong movement downward it is moving downward for some days but it have also a strong support in the same area so we can easily sell at this point.

[Nabi Ahmed Gill]

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

oil ak both storing pint par karhar ha is ke alami maraket main both zida mong ha is kay forex traidng main oil ke kam ka tanina karan thora muskail ha ap oil market chack karan or oil buy karian ya oil ko sail kaoaran protfti ko dehanko ka layia chart ko dehakinaaa

[biouscope]

price of oil is now going down in daily candle. according to this hourly chart the oil price is under the 0% of fibo level and oging towards 23% of fibo zone. this two level wil play very important role of suport and resistance. if price can break one of this level then go for next one.

[aniket]

If a M15 close above 95 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 92 sell only and do not buy. If price closes back above it again do nothing

The range 95 and 92 is neutral area, any trade done in between is personal decision and not part of this analysis