[ad_1] Oil (Brent Crude) Analysis Easing US yields, USD and EIA storage data help oil recover losses Markets look ahead to Powell’s Jackson Hole speech Longer-term outlook for oil remains bullish in a tight market as USD stays elevated The analysis in this article makes use of chart patterns and key support and resistance levels.
[ad_1] Exploring the intricate workings of the Crude Oil market requires a mix of sharp insight and clear communication. Today, we’re taking a pragmatic approach to Crude Oil (USoil), offering a snapshot of the current state in this ever-shifting landscape. Amid signals from China’s demand pulse and the distant murmurings of potential US interest rate
[ad_1] Oil Price Analysis and Charts Crude oil prices sink again End-demand worries continue to overshadow a more bullish supply picture The technical charts may point to further short-term losses Recommended by David Cottle How to Trade Oil Crude oil prices struggled again on Wednesday in Europe, extending consistent falls seen since mid-August. The energy
[ad_1] Crude Oil, WTI, Head & Shoulders – Technical Update: Crude oil prices may be readying to extend lower Daily chart is maintaining a broader bullish bias But, bearish Head & Shoulders in focus on 4-hour Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Daily Chart WTI crude oil prices may be reading to
[ad_1] Number of traders net-short has decreased by 19.91% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI Oil – US Crude BEARISH 50.02% 49.98% 11.91% Daily 8.40% Weekly -11.99% Daily -19.91% Weekly -1.46% Daily -7.87% Weekly of clients are net long. of clients are net short.
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[ad_1] Share: WTI increased more than 1% on Friday and found resistance near $81.30, above the 20-day SMA. US Oil and natural rigs decreased for the sixth week in a row. The USD trading neutral allowed the black gold to gain traction. Chinese financial woes may limit the WTI’s upwards momentum. At the
[ad_1] Crude oil sets the support and resistance going into next wk A week or so ago, the price of crude oil moved above a key swing ceiling between $82.43 and $83.44 (see yellow area and read numbered circles on the chart above). The price moved above that ceiling on Wednesday of last week, closing