Friday, December 14, 2018
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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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