Wednesday, August 15, 2018
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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

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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

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OIL-JUL18H4120618 | EconAlerts

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

WTI crude oil futures surpasses 23.6% Fibonacci; next resistance at 67.30. West Texas Intermediate futures is on course for a bullish correction and is posting some gains today, following the rebound on the 64.20 support level. The price jumped above the 66.00 handle and the 23.6% Fibonacci retracement level of the down-leg from 72.87

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