Technical Analysis for Crude Oil 5-8-2015

Technical Analysis for Crude Oil 5-8-2015

Oil moved yesterday in the average movement of 92 cents, its highest level at 46.19 and the lowest price at 45.29 and closed at 45.78 to Gain 47 cents during yesterday’s trading according to the economic data.

Oil opened today's trading at 45.93 volatile between 45.80 and 46.30 during the Asian session trading at 50 cents for the poor liquidity in the market range.

Oil moves in a series of up impulse waves after breaking the parallel price channel

It is expected that the oil is heading targeting 44.60 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

Support levels: 45.31 and 44.85 and 44.41

Resistance levels: 46.21 and 46.65 and 47.11

More Technical Outlook FxStations

Read More

Technical Analysis for Crude Oil 3-8-2015

 Technical Analysis for Crude Oil 3-8-2015

Oil moved last Friday in the average movement of 188 cents, its highest level at 48.59 and the lowest price at 46.72 and closed at 46.87 to Lose 155 cents during Friday’s trading according to the economic data...

Oil opened today's trading at 46.75 volatile between 46.40 and 46.90 during the Asian session trading at 50 cents for the poor liquidity in the market range, and in the European session the oil went down to 46.25

Oil moves in a series of down impulse waves after returning to the parallel price channel

It is expected that the oil is heading targeting 45.40 as the target on time frame of four hours, and until now we see the Bears control on market direction

And the Relative Strength Indicator "RSI" show us distribution operations at the market

Today we could see sharp trading because of the economic data from the USA

Support levels: 46.19 and 45.52 and 44.32

Resistance levels: 48.06 and 49.26 and 49.93

More Technical Outlook FxStations

Read More

Technical Analysis for Crude Oil 22-7-2015

Technical Analysis for Crude Oil 22-7-2015

Oil moved yesterday in the average movement of 156 cents, its highest level at 51.38 and the lowest price at 49.83 and closed at 50.88 to Gain 95 cents during yesterday’s trading according to the economic data...

Oil opened today's trading at 50.65 volatile between 50.05 and 50.65 during the Asian session trading at 60 cents for the poor liquidity in the market range.

Oil moves in a series of down corrective waves after breaking the parallel price channel

It is expected that the OIL is heading targeting 49.00 as the target on time frame of four hours to make a little of correction, and until now we see the Bears control on market direction

And the Relative Strength Indicator "RSI" show us Distribution operations at the market

Today we could see sharp trading because of the economic data from the USA

Support levels: 50.01 and 49.14 and 48.46

Resistance levels: 51.56 and 52.24 and 53.11

More Technical Outlook FxStations

Read More

Technical Analysis for Crude Oil 14-7-2015

Technical Analysis for Crude Oil 14-7-2015

Oil moved yesterday in the average movement of 190 cents, its highest level at 53.15 and the lowest price at 51.25 and closed at 52.15 to lose just 4 cents during yesterday’s trading according to the economic data...

Oil opened today's trading at 51.94 volatile between 51.40 and 52.00 during the Asian session trading at 60 cents for the poor liquidity in the market range, and in the European session the pair went down to 50.88

Oil moves in a series of down corrective waves after breaking the parallel price channel

We saw the crude oil achieved our target at 50.00

It is expected that the oil is heading targeting 49.80 as the target on time frame of four hours to make a little of correction, and till now we see the Bears control on market direction

And the Relative Strength Indicator "RSI" show us Distribution operations at the market

Today we could see sharp trading because of the economic data from USA

Support levels: 51.21 and 50.28 and 49.31

Resistance levels: 53.11 and 54.08 and 55.01

For More Technical Outlook FxStations

Read More