Crude Oil Daily Technical Outlook |
|
Nymex Crude Oil (CL) With 4 hours MACD crossed above signal line, intraday bias in crude oil is turned neutral for the moment. Some more consolidations cannot be ruled out but upside should be limited by 73.94 resistance and bring fall resumption. Below 69.50 will target 100% projection of 83.95 to 72.43 from 78.04 at 66.52 next. However, break of 73.94 will argue that stronger rebound is underway and will put focus back to 78.04 resistance instead. In the bigger picture, the strong break of
Filed under: Technical
Latest Posts
- Sentiment remains EUR/USD supportive
- Czech bond yields at all time lows
- EUR/GBP, USD/CAD, GBP/JPY Technicals
- US: Initial claims continued to trend down last week
- long nzdusd
- EUR/USD Strategy: SHORT 1 at 1.3175, Obj: 1.2375, Stop: 1.3015
- Eurodollar Future – December 2010
- Strategy for today: Short USD/JPY and USD/CHF
- Traders Await US Jobs Data
- The correction yesterday started in the European session
- Forex Technical Analysis on Majors
- Technical Summary for Majors
- Market Comment
- Daily Forex Overview
- USDJPY low trading range continues