Wednesday, August 15, 2018
Home > Oil
OIL-SEP18H4140818 | EconAlerts

Technical Analysis – WTI crude oil futures advance considerably

WTI crude oil futures advance considerably near 40-SMA in the near-term. WTI futures resumed neutral mode in the short-term picture following the rebound on the six-week low of 65.70 on Monday’s session. The RSI and the MACD have both improved but remain near their neutral zones; the RSI is currently moving slightly above 50, while the

Read More
Oil Mn-AUG18 17/07/18 | EconAlerts

Technical Analysis – WTI crude oil futures bearish short-term, bullish long-term

WTI crude oil futures plunge near 3-week low; bearish phase holds. WTI futures for August delivery recorded a fresh more than three-week low of 67.56 on Monday, while the sharp bearish run started following the pullback on the 74.64 resistance level last Tuesday. Also, the price plunged below the 61.8% Fibonacci retracement level

Read More