Spot oil

[Dentalfloss]

oil 60min
$92 is a big res area

 

[Dentalfloss]

trend since 30 sept

 

[Abdul2012]

Good trade man , congrats .

 

[Dentalfloss]

coming to res 85 area/red

 

[CostaKapo]

coming to res 85 area/red

Do you trade oil futures from home or for a firm?

 

[Dentalfloss]

no...
just for the Queen and country
wife and kids aswell

 

[Dentalfloss]

tracking that new uptrend on the 60 min
bounced off trend support today/green at $81.00 area
there is horizontal res above
yellow at 83.10 area
aqua at 83.70 area
red at 84.00 area
above is 85..0 area/major res
starting to look bullish now as the upward column of X"s retraced and bounced off the trendline/green..that is not guaranteed ..though..only if supports hold
we will only know when it tests supp/res
30 cents by 3 reversal hilo plot gave us the clearest picture

note the triangle before it popped down to test support

 

[Dentalfloss]

a possible bullish move on 30 min..if the supp holds
overhead res shown
trend/red at 79 area
and prev supp/yellow at 79.50 area

 

[Dentalfloss]

4 hour
rebound in res now

 

[fxstrategist]

Lets see if the Saudis do go ahead with reducing production and how it will affect the price of crude.

 

[DuCaan]

Crude Oil price trading at critical level.... http://marketchartpattern.com/commo...price-trading-at-a-critical-level-7-may-2015/

 

[Financegeek]

Nice rebound in oil since January. Any thoughts on whether it might persist?

 

[Dentalfloss]

Nice rebound in oil since January. Any thoughts on whether it might persist?

looks a bit overbought
chart comin

 

[Dentalfloss]

4 hour data
box size is 70 cents
ignore the numbers..they are dates

price has moved far away from the trendline..care with longs

 

[Dentalfloss]

nice 100 point move since we posted that chart

 

[DuCaan]

Crude next key levels.... http://marketchartpattern.com/commo...pressure-next-key-level-to-watch-27-may-2015/

 

[DuCaan]

Crude bounces back up from the key level discussed yesterday....
http://marketchartpattern.com/commo...-up-from-the-key-level-discussed-28-may-2015/

 

[Dentalfloss]

into the open

 

[Dentalfloss]

if we plot the close...things look a bit different
that latest upmove looks overdone.A long column of "X"s..a breakout with little support
a couple of areas to watch if it pullsback..bulls need to get tested

 

[newspreadbetter]

Hi Dentist
What times does spot oil open on a Monday please? (Am new to commodities)

Many thanks (first time I've ever thanked a dentist )