OIL - Page 26
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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. #251
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    The forces of momentum have been able to increase pressure on oil price trading and exposure to further losses during yesterday's session, and we have seen how the $52 levels have been broken and which I have enacted in the previous report to complete the impact of the downward wave elements down to break the levels of the $51, and therefore we will stand with To promote the negative condition of the full fracture below the $51 levels in order to complete the expected negative outlook for today


    Direction: low-condition breaking the $51 levels and exposure to stability without them


    Support: 51.00-50.00-49.00
    Resistance: 55.00-56.00-57.00


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  3. #252
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    WTI crude market rose markedly during the trading session on Thursday as we obtained information on the attack on these two oil tankers, which affected the market sentiment. However, oil rose due to a lot of worries about the tensions in the Middle East, but later in the day, we lost a lot of gains. With that in mind, I think it was the excuse we were looking for to make use of it, but at this point we lost a lot of gains. By doing this, I think we're trying to build a rule in general. The weekly candle of the last week was a tremendous hammer, with a level of $50 at the bottom providing a lot of support. I think this retreat might give us a chance to buy, but if we retreat below the $50 level, this market will collapse considerably.


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  4. #253
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    OIL tried to move higher since the beginning of the market session until it was repressed by slow selling interest since the beginning of the New York session. This indicates that there was a market concern about oil shocks after the burning of tankers in the Gulf of Oman, where fundamental factors and technical flows brought the sellers back into the New York session.

    Today, focus on the analysis of the price reaction to the surrounding levels that have been mapped, to get confirmation whether the price will still move within the Black Box or will try to continue the Bearish flow again

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  5. #254
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    WTI market moves somewhat in the course of Friday trades, which is interesting when considering the magnitude of global events that may affect the price. In the end, it has been 24 hours since traders dealt with the attack on two oil soldier tanker in the Strait of Hormuz. This of course increased tensions and caused a strong rise in the price of crude oil on Thursday. But, on Friday there was a little follow-up.


    What this tells me is that the market is likely to continue to face difficulties, since there is a major problem with the market, and if global markets begin to price the idea of slowing down the global economy, it is clear that demand will decline on this commodity. With this in mind, I think we will continue to bounce between level $50 at the bottom and level $55 at the top. Currently, we are in the middle of that range, so the trading is worthwhile.


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  6. #255
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    The forces of momentum managed to maintain the price of the barrel of oil below the $53 levels during yesterday's session, but without being able to break the levels of $51 which we referred to in the previous report to secure the required negative stability, and nevertheless we will continue to promote the negative condition conditional on breakage Complete below the $51 levels in order to complete the expected negative outlook for today.


    Direction: low-condition breaking the $51 levels and exposure to stability without them


    Support: 51.00-50.00-49.00
    Resistance: 55.00-56.00-57.00


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  7. #256
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    The forces of momentum failed to maintain the price of crude oil below the $53 levels during yesterday's session, following the inability of trades to break the support floor at $51, eliminating the negative situation that was likely and replacing it with the positive situation, and therefore we will stand with the support of an investigation scenario For more conditional gains not to break the $53 levels and exceed the $55 levels in order to make the expected positive outlook for the day successful


    Direction: Upward-we prefer to penetrate the levels of the $55 and stability over it


    Support: 52.00-51.00-50.00
    Resistance: 55.00-56.00-57.00


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  8. #257
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    Oil traded remarkably positive yesterday to test the resistance of the lateral band at 54.47, where he found strong resistance there forcing the price to bounce down and provide signals on the trend to visit the support of the range mentioned at 51.61 during the next sessions, especially as the stochastic indicator shows saturation in the purchase Now.Thus, the lateral range will remain dominant in the instantaneous trades until the price succeeds by confirming the penetration of one of the above levels, indicating that the penetration of the resistance will stimulate the price to achieve further gains of up to 57.33 as the next major station, while breaking support will put the price under pressure Negative reaches its next target to 48.08.
    Expected trading range for today between support 52.00 and resistance 55.50.


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  9. #258
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    The following intraday Support and Resistance price levels:

    Resistance2 (R2): 55.80

    Resistance1 (R1): 55.30

    Support1 (S1): 54.19

    Support2 (S2): 53.59



    It seems yesterday that the price of OIL has only moved slowly and slowly (somewhat ranging) as an attitude to wait for the market to respond to a previous strong buy boom. This indicates a lack of selling outlook when prices are still in the GAP area at the beginning of last week.

    Today, focus on the analysis of the price reaction to the surrounding levels that have been mapped, where we will also confirm the validity of whether or not the efforts have been slowly increasing yesterday from how strong selling interest is formed in each market session.

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  10. #259
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    Oil price trading was proposed to reach resistance levels at $55 during yesterday's session, and we have previously indicated to cancel the negative situation and replace it with the positive situation that we saw its effect during yesterday's session, and after the issuance of inventory data (issued periodically every Wednesday), and with the closure Positive above the $54 levels we will continue to support the scenario of achieving more conditional gains by not breaking the $53 levels and achieving full penetration above the $55 levels in order to make the expected positive outlook for the day successful.


    Direction: Upward-we prefer to penetrate the levels of the $55 and stability over it


    Support: 52.00-51.00-50.00
    Resistance: 55.00-56.00-57.00


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  11. #260
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    Brent price trades today begins with a slight upward slope on a possible visit to the level of 62.92, which represents the level of resistance to the profile that appears in the image, whose level of support is at 59.93.In general, the lateral slope is still dominant in the instantaneous range until the price confirms the penetration of one of the above levels, with the reminder that the penetration of the resistance will stimulate the price to start recovery attempts targeting the 65.92 areas initially, while breaking support will put the price under additional negative pressure the target exists Next at 56.23.
    Expected trading range for today between support 60.50 and resistance 63.50.


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