Monday, October 15, 2018
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Oil Oct 18 - 18/09/18 | EconAlerts

Technical Analysis – WTI oil futures edge higher

WTI oil futures edge higher but struggle to overcome 50.0% Fibonacci. West Texas Intermediate (WTI) crude oil futures traded sharply higher today after the bounce off the 68.50 resistance level, which overlaps with the 38.2% Fibonacci retracement level of the down-leg from 75.24 to 64.40. However, oil prices have been developing within a sideways range with the 69.80

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OIL-OCT18H4210818 | EconAlerts

Technical Analysis – WTI crude oil futures seems bearish in the medium-term

WTI crude oil futures hover near upper Bollinger band; in the medium-term bearish. West Texas Intermediate (WTI) futures are developing below the 65.70 strong resistance area over the last four trading days but successfully surpassed the mid-level of the Bollinger band, this being a 20-period-simple moving average (SMA) in the 4-hour chart. The RSI

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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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