In my view, oil is still more than hold a northerly course, there is very strong support for 87 dollars .. but still hard to break above 93.25 ... so I think now a little pullback to 89.50 ..... but then again we will try to storm the top ,
Thread: Oil
In my view, oil is still more than hold a northerly course, there is very strong support for 87 dollars .. but still hard to break above 93.25 ... so I think now a little pullback to 89.50 ..... but then again we will try to storm the top ,
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Oil pulled strongly to the south, the price did not stop the lower bound of the Ichimoku cloud, and the course rolled on, the road to the 88.00 support level is open to it and is now moving, and the gold is gone, too, to the south.
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An oil any substance that is liquid at ambient temperatuers and does not mix water but may mix other oils and organic solvents.petrochemical oils and synthetic oils.
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In oil, in principle, can be seen kind of step with the rising level of 89 dollars ... but it also shows that the asset is not going to grow rapidly, there is not a lot of money and a strong trend, but still think the price could rise to 91 dollars .. in the next few days. ... with the possible extensions to 92.90 ...
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Petroleum knew the first day of trading this week, twice on trading for him but he became under the trading levels of resistance at 89.79 in what makes us think more downside
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Oil is now able to be enhanced above the Ichimoku cloud, the price is now completing corrective phase, much that the price did not want to put below the cloud top ischimoku, most likely it will hang on to the north.
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Oil prices settled above the psychological barrier at $ 90.00 a barrel, and above SMA 50, along with continued positive signals coming from the stochastic to a daily timeframe.
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Thus, these factors support our expectations for the continuation of the upward trend in the short term and the following targets start at 93.00 and then away to the psychological barrier of 100.00
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A break of 87.80 will stop the rising wave of expected and lead to a possible shift in intraday trend downward.
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Expected trading range for this week between: Support and resistance 87.80 99.00
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General tendency is expected for this week: bullish
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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.
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.
after viewing the chart we can take the uptrend in consideration due to the pair is closed above level 95.00 . as a result of that , the long direction is very expected and the pair might head to level 110.00 for next week, good luck...
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