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…
Why the Markets Afraid from Fed interest Rate Decision The Federal Open Market Committee (FOMC) financing cost choice on Wednesday at 2 p.m. ET, trailed by a question and answer session at 2:30 p.m. ET with Federal Reserve Chairman, Janet Yellen.It is broadly expected, the Fed won’t raise rates, particularly since the European Central Bank cut rates this previous week.Work…
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…
What Wikipedia Can’t Tell You About USDCAD last post The Canadian dollar strengthened on last friday against us dollar. counterpart as crude oil prices and global stocks rallied. Crude oil prices rose up 4.11 percent to $34.43 a barrel as strong U.S. gasoline demand and hopes of opec action outweighed concerns over fundamental oversupply.usdcad made hugh movements the last yeras, from those who follow my…
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…
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…