Technical Analysis for Crude Oil 10-8-2015

Technical Analysis for Crude Oil 10-8-2015

Crude Oil moved last Friday in the average movement of 136 cents, its highest level at 45.12 and the lowest price at 43.76 and closed at 43.81 to Lose 98 cents during Friday’s trading according to the economic data.

Oil opened today's trading at 43.58 volatile between 43.50 and 43.73 during the Asian session trading at 23 cents for the poor liquidity in the market range, and in the European session the oil went up to 43.94

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

It is expected that the oil is heading targeting 44.20 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: 43.34 and 42.87 and 41.98
Resistance levels: 44.70 and 45.59 and 46.06
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Technical Analysis for Crude Oil 9-7-2015

Technical Analysis for Crude Oil 9-7-2015

Oil moved yesterday in the average movement of 203 cents, its highest level at 52.93 and the lowest price at 50.90 and closed at 51.83 to Lose 104 cents during yesterday’s trading according to the economic data...

Oil opened today's trading at 51.79 volatile between 51.53 and 52.20 during the Asian session trading at 67 cents for the poor liquidity in the market range, and in the European session the pair went up to 52.65

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

It is expected that the oil is heading targeting 50.90 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: 50.84 and 49.85 and 48.81

Resistance levels: 52.87 and 53.91 and 54.90

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Technical Analysis for Crude Oil 6-7-2015

Technical Analysis for Crude Oil 6-7-2015

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

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Technical Analysis for Crude Oil 2-7-2015

Technical Analysis for Crude Oil 2-7-2015

Oil moved yesterday in the average movement of 241 cents, its highest level at 59.09 and the lowest price at 56.67 and closed at 56.97 to Lose 211 cents during yesterday’s trading.

Oil opened today's trading at 56.93 volatile between 56.87 and 57.22 during the Asian session trading at 35 pips for the poor liquidity in the market range.

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

We saw oil achieved our target at 57.50 during yesterday trading

It is expected that the oil is heading targeting 58.00 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: 56.06 and 55.15 and 53.64

Resistance levels: 58.48 and 59.99 and 60.90

For More Technical Outlook FxStations

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