Crude Oil WTI

As we see over the chart, Crude Oil still has the chance for another drop toward the 68.60-90 zone. As long as the market remains below 72.00, this drop correction is still valid. The first Intraday support is at 70.30. Above 72.00…
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Crude Oil dropped last Friday to print a 68.15 low closing from our support trend line. The market faces resistance around 71.20-60 and if prices keep hold below it, the chance for another drop toward 67.25-60 zone is likely, which in…
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Crude Oil faces pressure as long as the market holds below the first resistance 71.60 whilst targeting toward the 67.20-50 zone. The support zone of 67.20-50 could push for a rebound correction toward 71.00. Below 67.00 prices could add…
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Crude Oil faces ongoing pressure as long as the market remains below the first resistance of 71.60. The support zone of 67.20-50 could push for a rebound correction toward 71.00. Below 67.00 the market could add more of a drop toward…
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Crude Oil faces pressure as prices keep holding below the first resistance of 71.60 whilst targeting toward the 67.20-50 zone. This support zone 67.20-50 could push for rebound toward 71.00. Below 67.00 more of a drop toward 65.50…
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Markets have pretty much come to the conclusion that the ECB to cut rates is highly likely when it meets on Thursday. That means that the focus is likely to be on what President Christine Lagarde will signal for future rate decisions.…
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Crude Oil managed to fall below the 73.40 support which could push for a drop to test the 72.00-20 support. The support zone of 72.00-20 could push for another advance wave toward 75.60 and 77.20-40. Below 71.20 more of a drop could…
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Crude Oil has maintained its upward momentum, surpassing the 74.20-50 resistance yesterday. Current support is around 73.40-50; as long as the market stays above this level, bullish movement is likely to continue, with resistances at…
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While traders had a very positive initial reaction to China's major stimulus announcements in late September, it seems they are starting to reverse course. The rise in enthusiasm for Chinese investment has been mirrored by a drop in the…
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Crude Oil printed a low of 72.30 yesterday while maintaining trades above the key support level of 72.00-20, which may pave the way for another advance. As long as the market holds above the 72.00-20 support zone, we expect an advance…
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