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| Technical Analysis for Crude Oil 13-8-2015 |
Crude Oil moved yesterday in the average movement of 107 cents, its highest level at 43.85 and the lowest price at 42.78 and closed at 43.32 to Gain 27 cents during yesterday’s trading according to the economic data.
Oil opened today's trading at 43.39 volatile between 43.20 and 43.44 during the Asian session trading at 24 cents for the poor liquidity in the market range, and in the European session the oil went up to 43.69
Oil moves in a series of up impulse waves after breaking the parallel price channel again.
It is expected that the oil is heading targeting 44.07 as the target on time frame of four hours, and until now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us accumulation operations at the market
Today we could see sharp trading because of the economic data from the USA
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