Oil Technical Analysis 22-01-18

As we advised last week and as we can see from our previous chart; Crude oil managed to break above the resistance level of 62.60. Here the market may have a chance to sustain any advances made as the next resistance level lies at the 66.00-60 zone. From that zone and as long as market keeps trading below the 66.60 point, there is a chance fo...

2018-01-22 Orbex Read more
Oil Technical Analysis 19-01-18

As we advised last week and as we examined in our previous charts: Crude oil managed to break above the resistance level 62.60, where the market may have a chance to sustain its gains as the next resistance lies at the 66.00-60 zone. From that zone, should the market keep trading below the 66.60 point, there is a chance for a drop correcti...

2018-01-19 Orbex Read more
Crude Oil

Crude Oil (WTI) is keeping its bearish trend, after posting 12-year lows last Thursday over the widespread concerns regarding the Middle East and China’s economic evolution. On the NYME (New York Mercantile Exchange), West Texas Intermediate’s (WTI) February future ranged from $32.66 to $34.26 on Friday’s session to settle at $33.61, meaning ...

2016-01-11 Kira Vessiari Read more
crude_Orbex_OPEC

The end of last week found the EUR/USD major lingering in the 1.0780 area, due to latest German data release. There was no significant recoil in the trend after the publication of Germany's GDP (Gross Domestic Product) figures, which falls in line with the market's expectations, meaning a 0.3% growth qoq (quarter-on-quarter) and a 1.8% growth on...

2015-11-16 Kira Vessiari Read more
Refinery_oil

On Monday, the European currency kept its ground in the moments following the German IFO (The Institute for Economic Research) release, with the EUR/USD major gravitating around the 1.1030/40 point. The German indicator surprised the market, coming in at: Expectations 103.8 versus the estimated 102.4, Current Assessment at 112.6 versus the estim...

2015-10-28 Kira Vessiari Read more
Crude Oil

WTI Crude Oil futures has been in the news for the most of last week as prices attempted to stage a strong rally after staying range bound for nearly 5 weeks after hitting a multi-year low to $39.86. As of Friday, 9th October, NYMEX Crude Oil closed at $49.63 prompting many to question whether Crude Oil prices are on a rebound or if this rally w...

2015-10-12 John Benjamin Read more