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Thread: OIL

  1. #1
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    OIL

    WTI crude oil escaped from the range of the flat with the boundaries 54,00-52,30. As we can see price momentum pierced at the time the support 52.00, and significantly deepened 51st figure, most likely due to a decrease in quotations on the black gold is to strengthen the position of the US currency. In terms of technical analysis is now as spent the first wave, you probably will emerge the second correction to around 52.00 if the rebound will happen, it certainly will continue to decline in the third wave all to the same 50.00.


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  2. #121
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    Mid-day Update for Oil technical analysis .

    Oil price is being tested for axial support 69.19 in reference to the price trend to break this level and open the way to the short-term extension of the downward wave, and we need to get the closure of four hours initially below this level to confirm the trend towards the next negative target that exists at 66.85.

    So far, our neutral stance remains to be confirmed by the price of breaking the above support or penetrating the 70.66 resistance, noting that the discrepancy between the stochastic positive and the negative 50 moving average still persists.

    The range of trading expected for the day between 68.00 support and 71.50 resistance.


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  3. #122
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    Oil price was broken by the 69.19 level after closing the daily candle without it, boosting the chances of continuing the downward trend in the short term, heading towards the 66.85 level as the next major station, supported by the negative pressure posed by the moving average 50.

    Be aware that stability without 69.19 is important for the continuation of the expected decline, as its penetration will pay the price to start recovery attempts aimed at initially testing the 70.66 level.

    The range of trading expected for the day between 67.00 support and 70.00 resistance.


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  4. #123
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    Oil price trades settled above the 69.19 level, but we note that stochastic shows saturation in the purchase now, while the moving average is 50 negative pressures for price.

    Thus, we believe that opportunities are available to resume the downward trend during the upcoming sessions, whose objectives begin by breaking the 69.19 level to confirm the downlink's extension to about 66.85, taking into account that the penetration of 70.66 will stop the negative scenario and lead the price to regain the main upward trend of New.

    The range of trading expected for the day between 67.50 support and 70.66 resistance.


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  5. #124
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    Mid-day Update for Oil technical analysis .

    Oil price shows some slight upward slope since the morning, while the stochastic continues to move near the saturation areas of the purchase, keeping our expectations of the downward trend of the day under the condition of persistence below the 70.66 level, supported by the negative pressure posed by the 50 moving average, reminding that we need to break Level 69.19 to open the way to the orientation towards 66.85 which is our next main goal.

    The range of trading expected for the day between 67.50 support and 70.66 resistance.


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  6. #125
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    Oil price hovers around the 69.19 level since yesterday, and the price falls under constant negative pressure coming from the 50 moving average, while stochastic begins to gradually lose positive torque.

    Thus, we believe that opportunities are available to resume the downward trend during the forthcoming sessions, whose next main objective is at 66.85, while its achievement is required to be stable below the 70.66 level.

    The range of trading expected for the day between 67.00 support and 70.66 resistance.


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  7. #126
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    Oil price trades are stable below the 66.85 level, which is our proposed target in our recent reports, opening the way for a continued decline in the coming period, targeting the recently registered bottom at 64.43 mainly.

    The moving average of 50 is a constant negative pressure against the price, to support the projection downward, with the indication that the penetration of 67.40 is the first positive key to start recovering attempts and restore the main upward trend again.

    The range of trading expected for the day between 64.50 support and 68.00 resistance.


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  8. #127
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    Oil price trades bounced down after the 67.40 level was re-tested yesterday, and the downward trend remained dominant in the instantaneous and short term, waiting for further decline, the next target being at 64.43.

    The moving average of 50 continues to hold down the price to consistently support the downward trend in the coming period, with attention to the fact that stability without 67.40 is important for achieving the proposed goals.

    The range of trading expected for the day between 64.50 support and 67.50 resistance.


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  9. #128
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    Mid-day Update for Oil technical analysis .

    Oil price shows some slight upward slope on the way to a new test for the 67.40 level, and the price for stability below this level is needed to sustain the downward trend in the instantaneous and short term, pending targeting the level of 64.43, which represents our next major station, with the indication that penetration of 67.40 will pay The price for gains starts at 69.19.

    The range of trading expected for the day between 64.50 support and 67.50 resistance.


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  10. #129
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    Oil price began to rebound downwards after the Test level of 67.40 and stability without it, noting that the stochastic provides a negative junction signal now, waiting to stimulate the price to achieve further decline during the coming period, reminding that our next goal is at 64.43.

    The moving average of 50 supports the proposed downlink, which requires persistence below the 67.40 level.

    The range of trading expected for the day between 64.50 support and 67.50 resistance.


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  11. #130
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    Ri2Igab.png
    oil is very much berish since last week and before last week market was bullish from last 2 to 3 week how every market is fake bearish which is well known is correction and approx 30% to 50% correction has been doen and market is on support as well so i think marker will start bull again in next week :)

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