Oil

[Qasimbhayo786]

Oil prices edged higher on Tuesday, recovering from a one-month low hit in the previous session, driven by optimism about the imminent signing of a partial US-China trade deal. The phase 1 agreement, due to be signed at the White House on Wednesday, made investors less worried about slower oil demand growth in the world’s two biggest crude consumers. Still, easing concerns of any possible supply disruptions as a result of tensions in the Middle East limited gains. US crude oil added nearly 0.4% to $58.36 a barrel while Brent went up as much as 0.8% to $64.81 a barrel around 07:00 AM NY time. Historically, Crude oil reached an all time high of 147.27

[pmln]

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[NaQvI2019]

Oil Trends to bearish

1 Resistance :64.43
2 Resistance :58.95
3 Resistance :55.91

1 Supporting :53.43
2 Supporting :50.47
3 Supporting :49.35

[Asadjaved]

There could be a recalibration of oil market expectations regarding an "ample" global oil supply, Bahrain's oil minister said Monday, despite expectations that U.S. shale oil production could be hurtling towards 14 million barrels per day in the next few years.

Speaking at a CNBC-moderated panel at the International Petroleum Technology Conference (IPTC) in Saudi Arabia, Bahrain's Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa said that an abundant supply of oil, currently seen amid rampant U.S. shale production, might not be so reliable as we progress through 2020.

[snake]

Forex Forecast with price level
Crude Oil WTI - pair in focus.
Current Price - 58.60
main support level - 58.28
main resistance level - 58.88
Pair likely to be in Sell today.

[Muhammadfaizan]

There could be a recalibration of oil market expectations regarding an "ample" global oil supply, Bahrain's oil minister said Monday, despite expectations that U.S. shale oil production could be hurtling towards 14 million barrels per day in the next few years.

Speaking at a CNBC-moderated panel at the International Petroleum Technology Conference (IPTC) in Saudi Arabia, Bahrain's Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa said that an abundant supply of oil, currently seen amid rampant U.S. shale production, might not be so reliable as we progress through 2020.

[Mariya31]

Oil Analysis:

Trend: Bearish
Moving Average: sell
Pivot Point <=> 59.64

S 1 <=> 59.33

S 2 <=> 58.94

S 2 <=> 58.52

R 1 <=> 59.67

R 2 <=> 59.84

R 3 <=> 60.17

[Shahzadahmed4850]

Oil

Crude oil four-hour chart
Black gold is having a sharp selloff to $60 a barrel and the 200 SMA on the four-hour chart. As the bears took control the market is more likely to continue to explore lower prices towards 57 and 55.50 price levels. Resistances are seen near 61, 62 and 63 handles.

[UET]

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

[SA148P]

Hello..
every one how are you.... I hope all of you shall be all right. ..Jasy k ap sab log janty hain k forex trading itna easy ni
ha jitna k hamain nazar aa raha hota ha . Is me emotional conditionns ko b face krna parta ha . Us time jab hamain
big loss ho raha hota ha ...iis currency pair pr . Serf vohi log trading kr sakty hain. Jinhain. Market ke kuch
know of . Ya phir 5 to 6 years ka experience. Hamary jasy new comers to bus yahan loss khany he aaty hain...
in pair ke movement bohat fast ha . Or jasy k apko pata ha . . Chances of losses b bohat hain. . So may ap sab se
request krta hon k ap sab log is pair pr Trade krny se pehly Khob isy samj lain itny MACD indicators and technical
analysis ko b samj lain. Vo is liy k apko loss k chances kam ho jain. At the end Good luck for your future.