Thread: Oil
pair- oil
time frame to analysis- m30
the price is falling down from resistance at 51.85 level and moved to the lower support at 49.65 level. support has been break but the rsi is moved below the level 30. the price may again up side. long with stop loss at 48.40 and profit target at 51.30
good luck
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Crude Oil cancels the bearish pattern Analysis - 20/02/2015
Crude oil price succeeded to rise strongly yesterday evening to return to trade above the bullish channels support and above the broken neckline of the double top pattern that appears on chart, which brings the price back to the bullish scenario which was suggested in our previous reports, with main targets begin at 54.45, reminding you that breaching this level will extend oil gains to reach 60.00.
Its important to note that breaking 51.25 level will stop the positive overview and push on the price to attempt to return to the main bearish trend again.
Expected trading range for today is between 50.50 support and 54.45 resistance.
Expected trend for today: Bullish
---------- Post added at 07:59 PM ---------- Previous post was at 07:53 PM ----------
Midday update for Crude Oil 20/02/2015
Crude oil price showed some slight bearish bias to test the intraday bullish channels support, which located at 51.25, as long as the price above this level, we keep preferring the bullish trend for today, which targets 54.45 levels then goes further towards 60.00.
Stochastic provides a clear positive signal now that reinforces the upside track expectations for today.
Expected trading range for today is between 50.50 support and 54.45 resistance.
Expected trend for today: Bullish
---------- Post added at 08:00 PM ---------- Previous post was at 07:59 PM ----------
Update: Crude oil returns to attack the support
Crude oil price pushes negatively again to test the bullish channels support and keeps its stability above this support until now, to keep the bullish trend valid and active until now, waiting to breach 52.45 to ease the mission of achieving more positive targets for today.
---------- Post added at 08:40 PM ---------- Previous post was at 08:00 PM ----------
CRUDE OIL TECHNICAL ANALYSIS – Prices corrected lower after reversing upward as expected. A break back below the 38.2% Fibonacci retracement at 59.08 exposing the 23.6% level at 53.77. Alternatively, a break above the 50% Fib at 63.38 targets the 61.8% retracement at 67.68.
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Midday update for Crude Oil 19/02/2015
Crude oil price attempted to break the bullish channels support, but it returned to trade above it again, supported by stochastic positivity, to keep the trading confined between the confirmation levels represented by 50.75 support and 51.65 resistance.
As we mentioned this morning, the price needs to surpass one of these level to detect its next targets clearly, and to recognize the expected targets from the breach, please look at our morning report.
Expected trading range for today is between 49.25 support and 53.90 resistance.
Expected trend for today: Depends on the above mentioned levels
CRUDE OIL TECHNICAL ANALYSIS Prices corrected lower after reversing upward as expected. A break back below the 38.2% Fibonacci retracement at 59.08 exposing the 23.6% level at 53.77. Alternatively, a break above the 50% Fib at 63.38 targets the 61.8% retracement at 67.68.
---------- Post added at 06:10 PM ---------- Previous post was at 02:00 PM ----------
Crude Oil Drops Most in a Month, SPX 500 in Digestion Mode
Talking Points:
US Dollar Slowly Drifting Lower Toward Range Floor
S&P 500 in Digestion Mode After Hitting Record High
Gold Stalls at $1200, Crude Oil Drops Most in a Month
Cant access the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror Trader. **
US DOLLAR TECHNICAL ANALYSIS Prices may have finally started to turn lower as expected following the appearance of a bearish Evening Star candlestick pattern. Near-term support is at 11740, the 14.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 23.6% level at 11653. Alternatively, a reversal above the 11854-76 zone (14.6% Fib expansion, March 2009 high) opens the door for a challenge of the 23.6% expansion at 11963.
---------- Post added at 06:12 PM ---------- Previous post was at 06:10 PM ----------
CRUDE OIL TECHNICAL ANALYSIS Prices corrected lower after reversing upward as expected. A break back below the 38.2% Fibonacci retracement at 59.08 exposing the 23.6% level at 53.77. Alternatively, a break above the 50% Fib at 63.38 targets the 61.8% retracement at 67.68.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
oil is a wonderful thing for trading q k isme ap apni trading ko ache tareeke se kar sakte ha or is me mere best broker b bohat acha response le rahe ha so my dear ap b is pe tradig kar k acha profit kama sakte ho
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Crude Oil inside a continuation pattern – Analysis - 17/02/2015
Crude oil price recent trading is confined inside a bullish pennant pattern appears on chart, this pattern supports the continuation of the intraday bullish trend, which is organized inside the bullish channel, while the EMA50 continues to support the price from below.
Therefore, we continue to suggest the bullish trend in the upcoming period, and the first target is breaching 54.45 level to confirm opening the way towards 60.00, noting that it’s important to hold above 52.90 level to keep the chances of achieving the suggested targets.
Expected trading range for today is between 52.90 support and 56.00 resistance.
Expected trend for today: Bullish
---------- Post added at 08:01 PM ---------- Previous post was at 07:55 PM ----------
Midday update for Crude Oil 17/02/2015
Crude oil price managed to breach the bullish pennant flag’s resistance that appears in the image, to activate its positive effect, which we wait to support the continuation of the bullish trend in the upcoming period.
Therefore, we will keep preferring the bullish trend on the intraday basis, supported by the EMA50, reminding you that the next main target located at 60.00
Expected trading range for today is between 52.90 support and 56.00 resistance.
Expected trend for today: Bullish
---------- Post added at 08:04 PM ---------- Previous post was at 08:01 PM ----------
Update: Crude oil suffers sharp losses
Crude oil price showed strong negativity to break the bullish channel’s support and the key support line at 52.90, which opens the way to turn the intraday trading to the downside, followed by stopping the bullish scenario suggested in our recent reports.
Now, it’s important to monitor the daily candlestick close according to 52.90 and 53.90 levels to confirm the next trend.
---------- Post added 02-18-2015 at 11:32 AM ---------- Previous post was 02-17-2015 at 08:04 PM ----------
Crude Oil recovers – Analysis - 18/02/2015
Crude oil price succeeded to recover yesterday’s losses, which we mentioned in our last technical update, where the price found a strong resistance at 54.45 that forced it to provide some negative trading, but the price returns to fluctuate near the mentioned level, waiting for breaching it to open the way towards extending the gains on the intraday and short term basis, where the next targets reach to 60.00.
The EMA50 provides good support to the suggested bullish wave, which its continuation requires holding above 51.85 level and the most important above 50.40.
Expected trading range for today is between 52.00 support and 57.00 resistance.
Expected trend for today: Bullish
---------- Post added at 12:41 PM ---------- Previous post was at 11:32 AM ----------
CRUDE OIL TECHNICAL ANALYSIS – Prices continue to push higher after reversing upward as expected, with a break above the 50% Fibonacci retracement at 63.38 exposing the 61.8% level at 67.68. A reversal back below the 38.2% Fib at 59.08 aims for the 23.6% retracement at 53.77.
---------- Post added at 03:25 PM ---------- Previous post was at 12:41 PM ----------
Midday update for Crude Oil 18/02/2015
Crude oil price hovers around the EMA50, while stochastic approaches from the oversold levels, which supports the chances of bouncing higher to resume the positive attempts, and we wait for breaching 54.45 levels to reinforce the chances of targeting the psychological barrier at 60.00.
In general, we will keep preferring the bullish trend in the upcoming period unless breaking 51.85 then 50.40 levels.
Expected trading range for today is between 52.00 support and 57.00 resistance.
Expected trend for today: Bullish
---------- Post added 02-19-2015 at 01:46 PM ---------- Previous post was 02-18-2015 at 03:25 PM ----------
Crude Oil is facing a negative formation Analysis - 19/02/2015
Crude oil price ended yesterdays trading with clear negativity to settle at the intraday bullish channels support, and by taking a deeper look at the chart, we find that the price completed forming a double top pattern after breaking its neckline at 51.65, which might push the price to exit the mentioned channel and return to the bearish trend again.
Now, we need to monitor the price behavior according to the key levels represented by 50.75 support and 51.65 resistance to confirm the next destination clearly, as breaking this support will stop the intraday positive scenario and push the price towards 48.05 initially, while breaching the resistance will revive the intraday bullish trend and the price will head towards 54.45.
Expected trading range for today is between 49.25 support and 53.90 resistance.
Expected trend for today: Depends on the above mentioned levels
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Crude Oil hits the main target – Analysis - 16/02/2015
Crude oil price succeeded to approach from our main waited target at 54.45 – 54.65, and we notice the stability of the price within the intraday bullish channel, which gets positive support from the EMA50 besides stochastic.
Therefore, we prefer witnessing more upside moves in the upcoming period, and breaching the above mentioned levels will extend oil gains to reach the psychological barrier at 60.00 as a next main station, taking into consideration that the continuation of the bullish trend depends on the stability above 52.65 level.
Expected trading range for today is between 52.00 support and 56.00 resistance.
Expected trend for today: Bullish
---------- Post added at 04:11 PM ---------- Previous post was at 04:00 PM ----------
Crude Oil Weekly Technical Report 16-20/2/2015
Crude oil stabilized above 53.00 and Linear Regression Indicators are crossing over positively now, which support extending the upside move on intraday basis, as we still wait to touch our main target at 55.55. The negativity of RSI and MACD causes further sideways volatility waiting for a positive signal that will push the price to the upside again, as the expected upside move requires stabilizing above 51.95.
---------- Post added at 04:19 PM ---------- Previous post was at 04:11 PM ----------
Midday update for Crude Oil 16/02/2015
Crude oil price approached from testing the intraday bullish channel’s support and it bounces higher from there, which supports the continuation of our positive expectations for today, supported by stochastic and the EMA50 positivity, waiting for targeting 60.00 levels mainly, reminding you that holding above 52.65 for achieving the suggested rise.
Expected trading range for today is between 52.00 support and 56.00 resistance.
Expected trend for today: Bullish
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Sir agr ham chaiye to ham traded karne ki lye oil ko bhi use kar sekte hai lakin forex market me earning karna thore se tuff hot hai is liye jo trader ko is market ki acche learning or knowledge naho unko yaha par traded me oil par investment nahi karna chaiye .
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Oil going on 98, i hope it will increase and gonna reversal for 100, trhen 105 and it gonna touch 100 in coming days I have selling position in 94.25 and will closed after 100 pips profit...
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oil
the scene of the chart shows a five -wave triangle which could appear as a w pattern and then the x leg and the final target zone is forecasted on $58 - $63 .
http://analysis2014.blogspot.com/
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pair- oil
time frame to analysis- m30
the price is having strong support at the 46.10 level that may not break and making double bottom chart pattern but the up movement is also having resistance at 47.50 level. if this is break then long with take profit at 49.00 and stop loss at 45.75
good luck
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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