Sunday, July 21, 2019
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OIL-JUN19 | EconAlerts

Technical Analysis – WTI oil futures unlock fresh tops

WTI oil futures unlock fresh tops in an overbought area. WTI oil futures extended their bullish momentum above the 66 level and towards fresh six-month highs on Tuesday. While the RSI has re-entered the overbought territory, the Stochastics have yet to post a bearish cross above 80, indicating that there is still some room for improvement in the

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Oil APR19 190319 | EconAlerts

Technical Analysis – WTI oil futures reach 4-month high

WTI oil futures reach 4-month high; strongly positive in the short term. WTI crude oil futures have been in a flying mode since yesterday’s trading session, recording a new four-month high around 59.32 today. The price is set to touch overbought levels according to the RSI indicator which is holding a shy below the 70 level, while

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Technical Analysis – WTI crude oil futures the short-term bias is bullish

WTI crude oil futures recover slightly higher after a sharp bearish move. WTI crude oil futures are retreating sharply after the pullback on the three-month high of 57.78 that was reached on February 22. The 20- simple moving average (SMA) is ready to create a bearish crossover with the 40-SMA in the 4-hour chart, as

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