CRUDE OIL analysis today
Short on this
PIVOT POINT 63.12
S1 ) 62.58
S2 ) 61.86
S3 ) 60.60
AND
R1 ) 63.84
R2 ) 64.38
R3 ) 65.65
CRUDE OIL analysis today
Short on this
PIVOT POINT 63.12
S1 ) 62.58
S2 ) 61.86
S3 ) 60.60
AND
R1 ) 63.84
R2 ) 64.38
R3 ) 65.65
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The WTI crude market was very volatile on Monday, as it retreated towards the $ 55 level again before turning and forming a hammer. That is of course a very bullish indicator. At this point, I think that the decline was related to Russia's indication that they will postpone the decision to cut production. But the $ 55 level has seen a lot of support before, and I think at this point that this region is likely to continue to be a focus. If we break below $ 55, we will not break below support at that point, but below the hammer. The alternative scenario of course is to break above Shihab on Friday, which shows that we may rise to fill the gap at the top around $ 60.
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we can see that price is continue moving up side. we can draw a trend line with joining its lower.
the pair is giving the signal for long as gold is also falling. we can hold our long trade till 90.00 but there is must care with stop loss. if the lower trend line break at 87.75 then there is also chance that price change its trend and move in down direction.
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oil kaafi time se bnahut strong chal raha tha may be because of Libiya riots..
lekin last kuch dino se oil kaafi down gaya hai..isne recently 94 ki value ko tod diya hai..
ab tak isne uptrend ka koi signal nahi diya..to lagta hai ki ye aur neeceh ja sakta hai
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oil b ek boht ee acha pair tgha mujhe iss per trde laga ker boaht khusdhi hoti thi lakin mujhe iss ko samjhnay ka koi kahs treeka nhi atauya hai abi tk kun ka main na kuch mont is se uri ki hui thi is wajha se
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My analysis of Oil
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is:62.23
2> Resistance level is: 62.59
3> Resistance level is: 62.96
Supporting level is
1> Supporting level is: 61.80
2> Supporting level is: 61.43
3> Supporting level is: 60.90
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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).
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my analysis of the trading pair : Oil
pivot point is:61.98
Parabolic is:buy
Moving average is:buy
So Resistance and Supporting Level is,,,,
Resistance Level is:
1,Resistance is:63.22
2,Resistance is:63.37
3,Resistance is:63.48
Supporting Level is:
1,Supporting is:62.99
2,Supporting is:62.86
3,Supporting is:62.77
if you like my this analysis so give me thanks on my this post ,,,
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The Euro initially tried to rally against the three shooting stars on the chart but struggled a bit during the day on Wednesday as one would expect, with the area being a bit too heavy to overcome.
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