Oil

[FM1881]

CRUDE OIL PRICES
Crude Oil is a naturally occurring fossil fuel. It is formed from ancient organic matter – such as plankton and algae – that has been buried underground and exposed to extreme heat and pressure. Crude is one of the world’s most in-demand commodities, because it can be separated or refined into various consumer, industrial and energy products. These include gasoline (petrol), diesel, lubricants, wax, and other petrochemicals, many of which are used to manufacture plastics. The composition (or ‘qualities’) of crude oil varies by source, but there are two main high-quality types that are used

[00923027642346]

Today,Initial support at 100.00 (Intraday Support) followed by 98.00 (Intraday Support). Initial resistance is now at 103.00 (Intraday resistance) followed by 105.00 (Intraday Resistance).

[FA148P]

Oil
today currency trend is : buy

Resistance and Supporting level is :

Current price is: 56.90

1> Resistance Level is :57.09
2>Resistance Level is : 57.27
3>Resistance Level is:57.36

Daily supporting level

1> Supporting Level is : 56.75
2>Supporting Level is: 56.61
3>Supporting Level is: 56.46

[rizwanbnn]

technical analysis of Oil

Parabolic is : buy
Moving average:buy

Current price: 56.83
Pivot point:55.95

Resistance and Supporting level :

1.Resistance level is : 56.97
2.Resistance level is :57.10
3.Resistance level is : 57.19

1.Supporting level is : 56.71
2.Supporting level is : 56.60
3.Supporting level is :56.49

[ba33]

Bloomberg and Reuters quote a Saudi Arabia official, as saying that Saudi Arabia is reportedly considering extending deeper-than-agreed oil cuts into April.

Additional Comments:

Saudi Arabia plans to cut April crude oil exports to below 7 million bpd.

That comes despite strong demand.

Will keep oil production "well below" 10 million bpd.

[00923027642346]

The January futures price of WTI rose to 88.13 dollars a barrel on the New York Mercantile Exchange. Futures rose by 0.8 %, after U.S. President Barack Obama made a new proposal as the solution of avoiding the
“fiscal-cliff” and House Speaker, John Boehner was able to change his opinion on the higher tax rates for high-paid employees in order to make a step towards the accomplishment of the agreement.

[forexA]

my dear sir today of my tachnical analysis is oil sell to bearish trends

1# Resistance is: 56.55

2# Resistance is: 56.67

3# Resistance is: 56.74

1# Supporting is: 56.35

2# Supporting is: 56.22

3# Supporting is: 56.14

[Aleeza]

Oil pair is currently traded at 56.58 and is strong bullish mood. I suggest Buy order with stop loss 55.22 and take profit at 57.74 price levels.

Support and Resistance levels for this pair are:
First Support: 56.44
Second Support: 55.98
Third Support: 55.57

First Resistance; 56.78
Second Resistance; 57.55
Third Resistance; 58.22

[Sing]

Currency pair is : Oil

Trend is : sell
parabolic indicator is: sell

Resistance and supporting level of this pair is :

Pivot Points:56.62
Current price:56.49


Resistance level of this pair is:

1# Resistance is: 56.55
2# Resistance is: 56.67
3# Resistance is: 56.74

Supporting level of this pair is :

1# Supporting is: 56.35
2# Supporting is: 56.22
3# Supporting is: 56.14

[Facebook]

Pivotal Points: 55.68


Resistance 3: 58.83

Resistance 2: 57.66

Resistance 1: 56.85


Support 1: 54.87

Support 2: 53.70

Support 3: 52.89