Oil

[Shahzadahmed148]

Oil

The week ahead in Europe will get worse before it gets better, bringing a large level of uncertainty to the oil markets.

The number of new coronavirus cases in Germany and France is gathering critical mass, big enough to start disrupting working life, close schools and bring businesses to a standstill. Looking at how Italy has responded to the spread there, European countries are looking at school and university closures, travel restrictions and the cancellation of events that bring a large number of people into close proximity. The European Commission has already started teleconferencing instead of meeting in person after the first cases of the virus were registered in Brussels.

[Muhammad Kashif]

Oil

Resistance Level (R3): 48.863
Resistance Level (R2): 48.187
Resistance Level (R1): 47.073
Pivot Point: 46.397
Support Level (S1): 45.283
Support Level (S2): 44.607
Support Level (S3): 43.493

[Adnanali]

Oil

Resistance Level (R3): 48.907
Resistance Level (R2): 47.263
Resistance Level (R1): 44.417
Pivot Point: 42.773
Support Level (S1): 39.927
Support Level (S2): 38.283
Support Level (S3): 35.437

[zonyakhan]

hello guys you already knew about corona effect heavily into oil sector. price was extremely dropped at 41.06 last trading day. obviously there will be more chance that it can drop at 35 level soon because there was huge consumption from china which already hampered. this will effect globally and already effect into Forex market . i think price can drop more and more within this week.

[Muhammad kashif]

Crude Oil
41.615-4.6050(-9.9600%)
14:09:23(GMT)|Real-Time Data, Quoted in USD
Open
N/A
Day's Range
41.040 - 46.360
Class
Commodities
Bid/Ask
41.600/41.630
Symbol
CL
Subclass / Sector
Energy

[Shair]

hello all ,
about forex

,,
Currency trading has a long history and can be traced back to the ancient Middle East and Middle Ages when foreign exchange started to take shape after the international merchant bankers devised bills of exchange, which were transferable third-party payments that allowed flexibility and growth in foreign exchange dealings. The modern foreign exchange market characterized by the consequent periods of increased volatility and relative stability formed itself in the twentieth century. By the mid-1930s London became to be the leading center for foreign exchange and the British pound served as the currency to trade and to keep as a reserve currency. Because in the old times foreign exchange was traded on the telex machines, or cable, the pound has generally the nickname “cable”. In 1930, the Bank for International Settlements was established in Basel, Switzerland, to oversee the financial efforts of the newly independent countries, emerged after the World War I, and to provide monetary relief to countries experiencing temporary balance of payments difficulties.

ok friends,,,

[0307148]

Crude oil prices remain firmly anchored to sentiment trends, with prices closely tracking the S&P 500. Futures tracking the benchmark stock index are firmly in positive territory ahead of the opening bell on Wall Street, opening the door for profit-taking to produce a corrective rebound after yesterday’s brutal selloff across the risky asset spectrum.

[Usman148]

Market analisis treand !
Slowly I start to add some mid-term (weeks, months) trading & investment opportunities into my TradingView account. The first one which looks technically pretty nice is .
Pretty soon you can start building your long position on and it starts from the round number Obviously, do your own research, read fundamentals and etc.
Technical...

[Arshad170]

Today market trand is sell....
Support points and resistance
market ke nechay janey k haq main hain
Sell ki trade profit de gi
Indicators ko follow karte hoye aur
apni samjh soch ke sath trading
Kren. Ta k ap zyda earning hasal kr saken or agar
ap market ko achi terha samjay bagher trade kren
ge to nuqsan uthana paray ga. Best of luck....

[Saahu]

crude oil and yes because of the coronavirus and the situation in the China the crude oil demand has decreased and crude oil is declining from then and now again I think that crude oil has resume its bearish Trend and it will continue to fall down and this time I think it will go much lower and break below the 45 level because the situation in China is not improving and this is further leading to to the the decreasing demand in crude oil so I think that selling crude oil for long-term would be very much beneficial for the trader.