Technical Analysis for Crude Oil 6-8-2015

Technical Analysis for Crude Oil 6-8-2015

Oil moved yesterday in the average movement of 184 cents, its highest level at 46.67 and the lowest price at 44.82 and closed at 45.11 to Lose 81 cents during yesterday’s trading according to the economic data.

OIL opened today's trading at 45.12 volatile between 45.09 and 46.25 during the Asian session trading at 16 cents for the poor liquidity in the market range, and in the European session the OIL went down to 44.80
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: 44.39 and 43.68 and 42.54

Resistance levels: 46.24 and 47.38 and 48.09

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Technical Analysis for Crude Oil 3-8-2015

 Technical Analysis for Crude Oil 3-8-2015

Oil moved last Friday in the average movement of 188 cents, its highest level at 48.59 and the lowest price at 46.72 and closed at 46.87 to Lose 155 cents during Friday’s trading according to the economic data...

Oil opened today's trading at 46.75 volatile between 46.40 and 46.90 during the Asian session trading at 50 cents for the poor liquidity in the market range, and in the European session the oil went down to 46.25

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

It is expected that the oil is heading targeting 45.40 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: 46.19 and 45.52 and 44.32

Resistance levels: 48.06 and 49.26 and 49.93

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Technical Analysis for Crude Oil 8-7-2015

Technical Analysis for Crude Oil 8-7-2015

Oil moved yesterday in the average movement of 282 cents, its highest level at 53.41 and the lowest price at 50.57 and closed at 52.96 to Gain 25 cents during yesterday’s trading according to the economic data...

Oil opened today's trading at 52.86 volatile between 52.00 and 52.90 during the Asian session trading at 90 cents for the poor liquidity in the market range, and in the European session the pair went down to 51.46

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

It is expected that the oil is heading targeting 49.50 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: 51.21 and 49.47 and 48.37

Resistance levels: 54.05 and 55.15 and 56.89

For More Technical Outlook FxStations

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