Crude Oil Daily: bullish trend to 6-month high at 53.95 as a target. The price is located above 100 SMA/200 SMA reversal area for the primary bullish market condition: price is breaking 51.51 resistance level to above for 6-month high at 53.95 as a nearest bullish target to re-enter. If the price breaks 53.95 level to above so the bullish trend will be continuing with 55.54 possible target for breakout. If the price breaks 44.60 ...
The price is located near 200-day SMA (200 SMA) and below 100-day SMA (100 SMA) on the border between the primary bullish and the ranging bearish trend on the chart within the following narrow support/resistance levels: 44.89 resistance level located near and above 200 SMA on the beginning of the bullish area of the chart, and42.49 support level located below 200 SMA and above 100 SMA in the beginning of the ranging bearish area. ...
Intra-day H4 price is located above 200 period SMA and 100 period SMA for the primary bullish with secondary ranging: the price broke Daily Pivot level at 40.03 to above for the Fibo resistance level at 41.43 as the bullish intra-day target: "Oil prices rose above $40 a barrel on Wednesday, helping lift European stock markets back towards recent one-month peaks and taking the edge off global growth concerns for now.""Oil prices rallied on speculation that the world's largest ...
2016-03-02 15:30 GMT | [USD - Crude Oil Inventories] past data is 3.5Mforecast data is 3.4Mactual data is 10.4M according to the latest press release [USD - Crude Oil Inventories] = Change in the number of barrels of crude oil held in inventory by commercial firms during the past week. ========== "U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 10.4 million barrels from the previous ...
The daily price is located below 100-day SMA (100 SMA) and below 200-day SMA on the primary bearish area of the chart. Price is ranging within the following support/resistance levels: 38.93 resistance level located near 100 SMA on the border between the primary bearish and ranging bullish condition, and27.06 support level located below 100 SMA/200 SMA in the primary bearish area of the chart. RSI indicator is estimating the ranging market condition to be continuing. ...
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