Tag Archives: Oil

US crude oil futures prices achieved our first target during the previous trading session, which is at 78.40, to record its highest level at $78.53 per barrel. Technically, oil is still maintaining its bullish context after establishing a good support base of around 78.00, accompanied by the positive impulse of …

US crude oil futures prices jumped to achieve noticeable gains within the expected upward path during the previous report, surpassing the required retest target of 76.60, recording a high of $77.55 per barrel. Technically, we continue to suggest the bullish daily direction, relying on the positive impulse coming from the …

US crude oil futures prices reversed the expected bearish trend published during the previous analysis after prices managed to build on the support of the psychological barrier of 73.00. Technically, the 50-day simple moving average still constitutes an obstacle in front of the price. But, on the other hand, we …

Futures prices achieved significant losses last Friday, as part of the expected downside path during the latest technical report, surpassing the official target station 74.20, recording its lowest level at 73.16. Technically, we tend to be negative in our trading, relying on the confirmation of oil breaking the support level …

Major US stock indexes closed lower on Friday after surprisingly strong jobs data raised concerns about the Federal Reserve’s aggressive rate hikes, while investors received a mixed batch of earnings reports from major companies.The data published by the US Bureau of Labor Statistics (BLS) revealed on Friday that Nonfarm Payrolls …

US crude oil futures prices declined significantly within the expected bearish context during the last technical report, touching the first target of 77.00, and approaching by a few points the second target of 76.00, recording the lowest at $76.10 per barrel. Technically, by looking at the 4-hour chart, we find …

US crude oil futures prices incurred significant losses within the expected negative outlook during the technical report issued yesterday, touching the official target station at 78.25, recording its lowest level during the early trading of the current session at 77.56. Technically, we continue to suggest the bearish daily trend, relying …

WTI crud has dropped by over 1% on the day and is trading around $78.40 at the time of writing after falling from a high of $80.44 and reaching a low of $77.91 so far on the day, ending a bullish start to the year towards month-end and following its …

The US dollar is modestly up amid higher US yields ahead of Fed’s meeting his week and key economic data. Equities and crude oil prices are able to trim previous losses during the US session.The pair is trading at 1.3362 at the time of typing. So far, the USD/CAD pair …

US crude oil futures prices were able to touch the first bullish target at 82.30, recording its highest level at the end of last week’s trading at 82.45, which formed a strong resistance level that forced oil to trade significantly to be able to break the support floor of 80.20, …