Oil

[sachin]

The Flag is typically a continuation pattern, which in this case would argue in favor of the downside. Initial support lines up at 83.12, the 23.6% Fibonacci extension level.

[chetan]

मूल्य अब ध्वज की ऊपरी सीमा ($ 90.51) का परीक्षण कर रहे हैं, एक बाधा एक गिरने मई (91.50 डॉलर पर अब) से स्थापित चैनल के शीर्ष द्वारा प्रबलित. बाद सीमा से ऊपर केवल एक को तोड़ने की स्थिति मोटे तौर पर मंदी प्रभाव पड़ता नकारना होगा.

[chirayu]

I still think WTI will remain around $85-$90 mark and Brent around $108-$112, but during the rest of September oil prices are likely to moderately decline.

[sunil]

If a M15 close above 88 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 87 sell only and do not buy. If price closes back above it again do nothing

The range 88 and 87 is neutral area, any trade done in between is personal decision and not part of this analysis

[chirayu]

Prices are now testing the Flag’s upper boundary ($90.51), a barrier reinforced by the top of a falling channel established from May (now at $91.50). Only a break above the latter threshold would negate the broadly bearish implications of positioning.

[chirayu]

a barrier reinforced by the top of a falling channel established from May (now at $91.50). Only a break above the latter threshold would negate the broadly bearish implications of positioning.

[sunil]

If a M15 close above 90 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 88 sell only and do not buy. If price closes back above it again do nothing

The range 90 and 88 is neutral area, any trade done in between is personal decision and not part of this analysis

[chirayu]

Prices are now testing the Flag�s upper boundary ($90.51), a barrier reinforced by the top of a falling channel established from May (now at $91.50). Only a break above the latter threshold would negate the broadly bearish implications of positioning.

[sunil]

If a M15 close above 87 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 85 sell only and do not buy. If price closes back above it again do nothing

The range 87 and 85 is neutral area, any trade done in between is personal decision and not part of this analysis

[chirayu]

The recent rally in the stock market might continue to pull up oil prices. In the near future, I still think that WTI price will remain around $85-$90 mark