Monday, October 14, 2019
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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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Technical Analysis – WTI crude oil outlook seems to be neutral

WTI crude oil futures point slightly higher in the near term. West Texas Intermediate (WTI) crude oil futures are edging slightly higher, surpassing the Kijun-Sen line and the 20-simple moving average (SMA) in the 4-hour chart, indicating a possible upside retracement. However, the price remains below the Ichimoku cloud and the

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OIL-MAR19Daily040219 | EconAlerts

Technical Analysis – WTI crude oil futures turn bias to more bullish

WTI crude oil futures turn bias to more bullish; reach 2-month high. WTI futures came close to breaking the 38.2% Fibonacci retracement level of the down leg from the four-year high of 76.90 to the 18-month low of 42.50, around 55.64, reaching a fresh two-month high on Friday. The price remains in a bullish correction mode

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Technical Analysis – WTI crude oil futures in a slippery mode

WTI crude oil futures on slippery mode; indicators signal bearish retracement. West Texas Intermediate (WTI) futures have declined beneath the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, indicating possible negative retracement. Momentum signals are bearish as well, as the red Tenkan-sen line, which is below the blue Kijun-Sen line, looks to be

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