Tuesday, December 18, 2018
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Technical Analysis – WTI crude oil bears break 49.00 level

WTI crude oil futures in slippery mode; bears break 49.00 level. WTI futures plummeted to a fresh 15-month low during yesterday’s session, challenging the 48.50 level. The price exited from the narrow range that was holding in the preceding three weeks, continuing the strong downside structure in the short to medium term. Currently,

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Technical Analysis – WTI crude futures have turned neutral

WTI crude futures develop in a narrow range after strong sell-off. West Texas Intermediate (WTI) crude oil futures have turned neutral after a strong downfall in the previous weeks. The price struggles within a narrow range, with upper boundary the 54.40 resistance level and lower boundary the 50.00 level. Currently, the price remains below the

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OIL-JAN19H4201118 | EconAlerts

Technical Analysis – WTI crude futures has a strong bearish tendency

WTI crude futures consolidate after hitting a 9-month low. West Texas Intermediate (WTI) futures advanced slightly above the nine-month low of 54.80 after the sharp sell-off in the preceding week but is trading in a narrow range of 55.25 – 58.15. Prices are trading within the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, which

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OIL-DEC18H4061118| EconAlerts

Technical Analysis – WTI crude oil futures bearish outlook in place

WTI crude oil futures hover above 7-month low; bearish outlook in place. WTI crude oil futures sank to a new seven-month low of 62.51 on Monday, recording the sixth consecutive bearish day. Prices remain below the simple moving averages (SMAs) in the 4-hour chart and are hovering slightly above the aforementioned low. Having a look

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OIL-DEC18H4231018 | EconAlerts

Technical Analysis – WTI futures create downside rally

WTI futures create downside rally towards long-term ascending trend line. West Texas Intermediate oil futures plunged over the last sessions, moving towards the long-term ascending trend line in the 4-hour chart. Also, they hold below the 20- and 40- simple moving averages (SMAs), while the technical indicators are confirming the recent negative structure in the near-term. The RSI

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