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 10-7-2015

Technical Analysis for Crude Oil 10-7-2015

Oil moved yesterday in the average movement of 212 cents, its highest level at 49.49 and the lowest price at 47.37 and closed at 48.83 to Gain 108 cents during yesterday’s trading according to the economic data...

Oil opened today's trading at 48.81 volatile between 48.70 and 48.97 during the Asian session trading at 27 cents for the poor liquidity in the market range, and in the European session the oil went up to 49.32

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

It is expected that the oil is heading targeting 50.50 as the target on time frame of four hours to make a little of correction, 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: 47.63 and 46.44 and 45.51

Resistance levels: 49.75 and 50.68 and 51.87

More Technical Outlook FxStations

Read More

Technical Analysis for Crude Oil 6-7-2015

Technical Analysis for Crude Oil

Oil moved Last Friday in the average movement of 133 cents, its highest level at 56.77 and the lowest price at 55.41 and closed at 55.50 to Lose 95 cents during Friday’s trading according to negative economic data from USA on Thursday and bank holiday on Friday..

Oil opened today's trading at 54.62 to make a Gap with 87 cents After Greeks rejected the terms of the creditors through a yesterday’s referendum...

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

It is expected that the oil is heading targeting 53.10 as the target on time frame of four hours 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: 55.01 and 54.53 and 53.65

Resistance levels: 56.37 and 57.25 and 57.73

For More Technical Outlook FxStations 

Read More

Technical Analysis for Crude Oil 1-7-2015

Technical Analysis for Crude Oil

Oil moved yesterday in the average movement of 172 cents, its highest level at 59.67 and the lowest price at 57.94 and closed at 59.30 to Lose Just 7 cents during yesterday’s trading.

Oil opened today's trading at 59.08 volatile between 58.50 and 59.09 during the Asian session trading at 60 pips for the poor liquidity in the market range, and in the European session the oil went down to 58.26

Oil moves in a series of up Impulse waves in a parallel price channel

It is expected that the oil is heading targeting 57.50 as the target on time frame of four hours and till now we see the Bears control on market direction

Today at 14:30 we are looking for Crude Oil Inventories data.

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: 58.27 and 57.24 and 56.54

Resistance levels: 60.00 and 60.70 and 61.73

For More Technical Outlook FxStations

Read More

Technical Analysis for Crude Oil 29-6-2015

Technical Analysis for Crude Oil 29-6-2015

Oil moved last Friday in the average movement of 118 cents, its highest level at 59.94 and the lowest price at 58.76 and closed at 59.57 to Lose Just 7 cents during Friday’s trading.

Oil opened today's trading at 58.78 to make a gap with 78 pips and now the oil is trading around 58.30

Oil moves in a series of up Impulse waves after breaking the continually price form.

It is expected that the oil is heading targeting 57.70 as the target on time frame of four hours 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: 58.91 and 58.24 and 57.73

Resistance levels: 60.09 and 60.60 and 61.72

For More Technical Outlook FxStations

Read More