Oil

[rakesh]

oil 80$ jaa chuka hai aur agar ye 78 todta hai to 75$ tak jaa sakta hai aur agar ye 83 todta hai to 88 tak jaa sakta hai

[sagar]

Crude prices continue to track broad-based risk appetite trends, with a pullback seemingly in the cards as S&P 500 stock index futures trade aggressively lower ahead of the opening bell on Wall Stree

[rakesh]

I've seen that its price has been fallen below 77.00 USD recently. But this has been elevated close to 89.00 USD and again falling from that point. What should we expect next? Will it go lower again? Or go to upper position? Share your experience and analysis here for our learning.

[sagar]

Prices put in a Long-Legged Doji candlestick above support at $84.72 � the 38.2% Fibonacci retracement of the rally from the March 2009 low � hinting a corrective bounce is ahead.

[rakesh]

candlestick pattern below resistance at $88.14, the 50% Fibonacci retracement level, hinting the upswing from the 8/9 low may be nearing exhaustion. Near-term support lines up at $85.20, the 38.2%

[sagar]

Alternatively, renewed upside momentum above immediate resistance exposes $91.07. As with the S&P 500, gains are seen as corrective in the scope of a larger decline.

[rakesh]

Prices produced a bearish Hanging Man candlestick pattern below resistance at $88.14, the 50% Fibonacci retracement level, hinting the upswing from the 8/9 low may be nearing exhaustion.

[Victoryindia]

Crude oil is trading slightly better this week, but bullish traders seem to be taking a cautious approach to the upside. Traders seem to be taking their cues from the equity markets which are also trading tentatively.

[rakesh]

the policy meeting two weeks ago, giving an indication of the scheme�s effectiveness as well as the central bank�s conviction to carry it out. The news may prove to set the tone for sentiment at large and thereby for the WTI contract as well.

[anchitkole]

If the sit-down produces an expansion of the EFSF bailout fund, a recovery in risk appetite seems likely to lift the spectrum of sentiment-sensitive assets including the WTI contract, and vice versa.