Oil

[Muhammadfaizan]

NEW YORK (Reuters) - Oil prices fell to their lowest level since December 2018 on Monday on weaker Chinese demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts.

Oil has dropped more than 25% from a peak in January with U.S. crude back below $50 a barrel after the spreading virus hit demand in China, the world's largest oil importer, and fueled concerns about excess global supplies.

Brent futures LCOc1 fell $1.20, or 2.2%, to settle at $53.27 a barrel, their lowest close since Dec. 28, 2018, while U.S. West Texas Intermediate crude CLc1 fell 75 cents, or 1.5%, to settle at $49.57, the lowest close since Jan. 7, 2019.

[11Star]

Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news.

[Naeem88]

I anticipate this pair OIL have bullish course
.
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.

I recommend to take LONG position today.

time allotment that is considered while making backing and opposition levels – Day by day and Week by week time allotment, think about the day by day monetary news before taking the exchange.

[Mariya31]

Oil Analysis:

Trend: Bearish
Moving Average: Sell
Pivot Point -=- 50.77

S 1 -=- 50.56

S 2 -=- 50.16

S 3 -=- 49.89

R 1 -=- 50.78

R 2 -=- 50.96

R 3 -=- 51.53

[shamim123]

Oil > BULLISH

PIVOT POINT > 50.08

S1 > 49.66

S2 > 49.41

S3 > 49.00

R1 > 50.49

R2 > 50.74

R3 > 51.16

[forexrunner]

Crude oil is looking strong bearish now and as you can see that market broke the strong support level last week and now I think next week it will continue to make the bearish movement if the market doesn't rise again from the resistance level and if it goes below the 50.00 level.

[Nadeem Ahmed]

Crude Oil (CL)
Crude Oil
50.595+0.4750(+0.9500%)
05:03:13(GMT)|Real-Time Data, Quoted in USD
Open
N/A
Day's Range
50.060 - 50.760
Class
Commodities
Bid/Ask
50.580/50.610
Symbol
CL
Subclass / Sector
Energy

[Muhammed Awais]

Market analisisss..
using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit. to get consistent profits we must have a good strategy, many of the strategies we use but must match your trading style.

you also need to have emotional control, and good money management.I hope you can earn consistent profit from my signal, good luck

[ForexAA]

hello guys today at the analysis for

Oil
Today Market trend: Buy
Always follow Long time frame market trend.
that is moving above the level 0 beside that the CCI line is located at the higher level to perform a upward signal on the chart
there is a main uptrend signal as the 12 EMA 24 and 38 are moving above the slow EMA of 46
Current price aur previous price market ke up hony ka ishara de rahe hain
Resistance and Support points bhi market ke up hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
agar ap friends chahte hain ke forex ki trading main se good profit ho to ap ko
ik achi invetment ke sath hi traing or good experice ke sath trading krni
chahye , low investment or low experience main big risk ho skata ha or ap ke
liye dangerous bhi ho sakta ha,,

[Mazz]

Usoil
cfds on crude oil (wti)
50.62
usd
+0.70 (+1.40%)
market open (feb 11 22:12 utc-5)
49.92
prev
49.92
open
32.3k
volume
49.92 — 50.64
day's range