crude oil technical analysis forecast Oil shows signs of inability to cope with price levels of over $ 53, what the next step Choppy trading pattern in WTI crude oil, which has lasted 14 months. As we hit another peak, the risk/reward favor is a move back down, unless we break out above $53. The ability of the industry to…
crude oil technical analysis forecast Oil shows signs of inability to cope with price levels of over $ 50, what the next step Choppy trading pattern in WTI crude oil, which has lasted 14 months. As we hit Another peak, the risk/reward favor is a move back down, unless we break out Above $53.OPEC is struggling to balance the oil…
Crude Oil Prices Forecast Analysis Update Crude oil technical analysis Will the history repeat itself ….. well if you ask me the answer will be yes !We saw today almost 7% move in crude oil price, OPEC agrees first oil output cuts since 2008, an agreement was in line with an accord reached in Algiers in September. OPEC member Algeria…
CRUDE OIL PRICES TECHNICAL ANALYSIS Let’s start with the lows at 26$ and the expected run to 50 areas: it was written here now I’m going to focus and test the sıtuatıon we have ,There are several interesting thingsFirst, as I mentioned in a previous post – the oil is going to close the Gap area of the $ 40, and…
The Dummies’ Guide to Crude Oil Crude oil the Current Situation:There are several things on the graphWeekly overview image, there are two very significant Candles: The First Candle is a candle closing Bear 51.70 and 48.90 in the second candle on the other hand is a bullish candle with a bottom closure in 45.70 and 48.90 zoneThese candles can learn…
crude oil prices COT suggest that we may see crude at Crude oil advanced to a seven-month high, US drilling increased from the lowest level in more than six years see the chart below,The rig count has dropped since hitting a peak of 1,609 in October 2014 as U.S. crude futures fell from over $107 a barrel in mid-2014 to…
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…