Oil

[suresh]

Oil market have huge volatility then the currency market and i think newbie trader should not trade in this market because understanding this market is not easy and for trading with oil and for trading with this market trader should invest huge dollar.

[ashaab]

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 88.40 and key resistance at 95.30. Based upon my chart analysis, I prefer to buying the oil above 91.85 with targets 93.60, 94.80 then 95.30 and stoploss with four hour candle closing below 90.20.

[mouheb]

The cost of the August U.S. light crude oil futures (WTI ) grew up to $ 93.20 per barrel on the NYMEX. The Oil rose today against the backdrop of tensions in the Middle East and speculations on new measures for stimulating the U.S. economy.

[Olig]

Oil broke through the lower boundary of converging triangle, which was formed at the peak of the week, and continues to fall, seem to continue falling to the level of support 90.00, the bulls began to cover their positions.

[sobissa]

Oil goes down after touching resistance levels on the day the first frame support levels will face will be at 38 Fibonacci

[mturk2007]

Take a look today at the bigger picture for the price of oil, and shows us the daily chart price return to the main channel emerging picture described above.
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In general, we expect to see further gains in the long and short term intraday and the following main objectives are located at 94.50, while required to achieve stability above 91.45
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Expected trading range for today is between: Support Resistance 91.00 95.40
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General tendency is expected for today: rising

[erespe]

Oil has not left its bullish trend. Correction approaching the pivot (91.68), are likely to bring the oil up to the 94.00 level. Bullish trend still dominate today's market.

[Macintosh]

Yes indeed, the oil went to the top, are now trading around 92 dollars .. but if all goes well then, under the dictation of the bulls think we can see a sample ... and the next goal of 95 dollars.

[Olig]

Oil came close to the medium level of resistance of 91.88, the price rose strongly today, after a typically expect the correction to the south, and I expect it in the rebound from 91.88.

[ashaab]

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 87.45 and key resistance at 93.60. Based upon my chart analysis, I prefer to buying the Oil around 90.0 with targets 91.85 then 92.75 and stoploss with four hour candle closing below 89.35.