crude oil prices technical analysis forecast update Crude Oil reached the target I gave him Let’s check some other relevant things for crude oil prices except the chartsCrude oil prices settled lower on Friday after the U.S rig count rose for the first time since December, renewing worries of a supply glut after an output freeze proposal helped boost the…
will crude oil prices reached the 50$ LAST POST Crude Oil Inventories posted yesterday, The EIA report released on Wednesday showed that U.S. crude inventories rose more than forecast the previous weekfrom the technical side as I mention the last post- the pattern suggest the bullish trend, for the coming trading sessions, pointing that the prices creating a possible bullish pattern that…
Here Come New Ideas for Oil From my last post on February: last post shortly all targets reached!A lot of talks and posts about politics Government relations – Supply and Demand-Iran and Saudi Arabia And more and more endless story and causes ..that’s the reason I’m trying all the time to focus on the charts they tell us all the story without involving HeadachesAnd emotion.now if we look…
crude oil technical analysis update From my last post:http://www.daytrade-profit.com/“from Looking on number of things, I get some other impressionsFor a long time, I analyze the relationship between the Canadian currency prices and oilI spoke about this correlation many times in recent years.now i see there two patterns who catch my eye:oil chart is in Type of building wedge, it could…
Did Oil finish drip down? From my last post: a technical perspective, an impulsive decline back beneath 46 support is required for bears to take control This would bring $42.70-43.20 into consideration, with it having been a key level of support throughout September. We shouldn’t forget that last week’s strong performance in WTI means this could just be a retracement., the trend…
Is oil continues to leak Down ? WTI crude oil broke higher last week, there are few fundamental facts: Kuwait says no calls within OPEC to change output policy OPEC sees oil demand in 2016 more positive than thought China’s Sept crude imports up 1.3 pct y/y From a technical perspective an impulsive decline back beneath 46 support is required for bears to take control…
crude oil seem to show some corrections ahead oil seem to put short term bottom be in place at 37.75 in crude oil. Further rebound is expected in near term. However, strong resistance would likely be seen around 53-55 psychological level, which coincide with strong resistance on the bands ,we need to see the oil stay above 41.30-42.60 for…
CLC/USDAnyone who has followed reviews could see I argued the region of $ 50-60 it was like other oil was at $ 80-90Note that the graph area 48-54 is strong support zoneThere are two options:Login to Long in the 54 with a short stop in the 52Or alternatively available in the 49 with a short stop in the 47update:get ready…