SubscribeOil should be the primary part of major repairs. Father Shooed over 94 (290.32) under ninety-four 15 92.50 again before the ninety-six pm. Actually, they have a location in the ninety-four may 25 hundred pips profit.
Thread: Oil
Oil should be the primary part of major repairs. Father Shooed over 94 (290.32) under ninety-four 15 92.50 again before the ninety-six pm. Actually, they have a location in the ninety-four may 25 hundred pips profit.
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Pivot levels today:
R3: 95.60
R2: 94.98
R3: 94.25
PP: 93.64
S1: 92.92
S2: 92.30
S3: 91.57
Comment: Price now is below daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 92.30.
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I do not regularly trade in oil, but i will trade it next time america have a recession. In recession times, the oil moves up thousands of pips and then it reaches all time highs as we saw in 2008 recession time.
Patience is Key.
Crude Oil : Under strong pressure bears.
-turning point is at the level of 94.45.
-opinion: SELL below 94.45 with target points 93 and 92.2.
An alternative scenario: an upside breakout level 94.45 will open the way to 95 and 95.55.
Analysis : While 94.45 - resistance, the price of the asset remains volatile, but keeps the downward trend.
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Decided to open the sale of oil, the price is not fulfilled the northern signals, and again found its seller in the horizontal resistance of 94.40, has just formed a confirmation signal to go short, it was the breakdown of short-term support level of 93.72, profit at 92.22.
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Pivot levels today:
R3: 97.43
R2: 95.94
R1: 95.18
PP: 93.69
S1: 92.93
S2: 91.44
S3: 90.68
Comment: Price now is above the daily pivot level, but it is belwo the 55 SMA, so no clear signal now.
Forecast: By breaking 93.69 level, this may open the way to more fall to 91.44.
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I am going to sell Oil @ market price @ 93.88
my stop loss of the day @ 94.18
half take profit @ 93.58
and half @ 93.23
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####Crude Oil . Predominant risk reduction, waiting for a retreat from moving alligator.
Our turning point is at the level of 94.45.
- opinion: SELL below 94.45 with target points 92.4 and 91.4.
An alternative scenario: an upside breakout level 94.45 will open the way to 95 and 95.55.
Analysis : the RSI is below the neutral level of 50.######
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To separate the price of crude oil in the stock market yesterday, evacuation retracement of 23.6% Fibonacci resistance level ($ 85.83) bearish candlestick patterns adds a hint of dark clouds in the shape of the future, even if the loss-S P 500 & high push.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Pivot levels today:
R3: 97.71
R2: 96.94
R1: 95.54
PP: 94.75
S1: 93.37
S2: 92.57
S3: 91.20
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 91.20.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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