BUY FXO Forum Shares
1247
Shares in the BANK:
We BuyWe Sell
$2.1032$2.1682
Results 1 to 5 of 5

Thread: oil oil oil

  1. #1
    In Profit
    Join Date
    May 2007
    Location
    jordan
    Posts
    216
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default oil oil oil

    Oil price inclined last Friday exceeding the 65.00$ level, ahead of the summer season which started this weekend. Therefore oil prices recorded on Friday a high of 65.30$ pb and a low of 64.21$ pb, closing at 65.20$ pb, recording an incline by the end of the trading session of 1.02$.

    As for today, the European and the U.S. markets are closed due to the Holiday of the White Monday and Memorial Day respectively, therefore we expect the markets to be quite, while the end of oil workers strike eased on fears of oil supplies being affected.

    The rise in oil prices witnessed on Friday is considered a clear sign that investors continue to fear the incapability of the U.S. to fulfill the increasing demand of gasoline despite oil refineries returned to 90% of their production capacity and the rise in gasoline stockpiles last week to 1.5 million barrels.

  2. #2
    Bullish
    Join Date
    May 2007
    Posts
    31
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    were can we trading oil, how much need first capital for trading it? can you give usthe link for trading oil?

  3. #3
    Bullish
    Join Date
    Jun 2009
    Posts
    68
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Support: $67.51 (yesterdays low) Resistance: $70.53 (high of 30/10/08)

    Support: $66.40 (low of 01/06/09) Resistance: $69.21 (high of 29/10/08)

    Support: $64.74 (low of 29/05/09) Resistance: $69.04 (yesterdays high)

    OIL (BRENT):

    Support: $67.05 (yesterdays low) Resistance: $70.15 (high of 16/10/08)

    Support: $65.49 (low of 01/06/09) Resistance: $68.87 (high of 22/10/08)

    Support: $63.96 (low of 29/05/09) Resistance: $68.55 (yesterdays high)

  4. #4
    Bullish
    Join Date
    Jun 2009
    Posts
    68
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Oil is on a tear at the moment and not even 68.19 could stop it. Sellers are being squeezed even though we are in very over bought territory.

    There is a very small double top on the hourly charts which can send us lower to 67.22 in the short term. The strong uptrend is not about to stop so buyers will be looking to enter at support levels. A break below 67.22 could send prices to 66.43/50 but it is unlikely to get much lower today as buyers look to jump back in.

    If we get break above 68.68 high from yesterday then 70.46 will be the next target for bulls as they push for the longer term target of 76.70.

  5. #5
    Market Maker ilearn2t's Avatar
    Join Date
    Sep 2008
    Location
    In my house
    Posts
    2,475
    FXO Shares
    0
    FXO Bonus
    2.756
    Thanks
    386
    Thanked 211 Times in 159 Posts

    Default

    Hello Dantheetrancefg

    Welcome to the forum.

    CRUDE OIL 106.97 & BRENT CRUDE 125.47

    Some rise in the last 3 years.

    I've never took much interest in commodities, but if its a good investment to build up a portfolio I'd be more than interested in reading you take on it.

    Sorry I'm just about to log off for the night so I talk more tomorrow.

    Good luck
    ilearn2t

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer
2005-2016 © FXOpen All rights reserved. Various trademarks held by their respective owners.

Risk Warning:: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen does not provide services for United States residents.

Join us