{"id":34914,"date":"2020-10-05T12:16:15","date_gmt":"2020-10-05T08:16:15","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=34914"},"modified":"2020-10-05T12:16:19","modified_gmt":"2020-10-05T08:16:19","slug":"oil-a-bullish-bias-does-not-negate-bearish-trend","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-a-bullish-bias-does-not-negate-bearish-trend\/10\/05\/tech-analysis\/","title":{"rendered":"Oil: A Bullish Bias Does not Negate bearish Trend"},"content":{"rendered":"\n<p>US crude futures declined significantly within the bearish picture, touching the target required during the previous report at 36.65, posting its lowest level at 36.50.<\/p>\n\n\n\n<p>Technically speaking, movements are witnessing a bullish bias as a result of trading above 37.00 with positive signs on the RSI indicator.<\/p>\n\n\n\n<p>We tend towards the positivity with caution over short intervals, with the aim of retesting 38.40 and may extended to 38.70s before retreating again.<\/p>\n\n\n\n<p>It should be noted that the slight bullish bias does not contradict the general bearish trend supported by the negative signs of Stochastic, its targets lie around 36.70.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>S1:\u00a036.70\u00a0\u00a0\u00a0<\/strong><\/td><td><strong>R1: 38.70\u00a0\u00a0\u00a0<\/strong><\/td><\/tr><tr><td><strong>S2:<\/strong>\u00a0<strong>35.60<\/strong><\/td><td><strong>R2:<\/strong>\u00a0<strong>39.60\u00a0\u00a0\u00a0<\/strong><\/td><\/tr><tr><td><strong>S3:\u00a034.70\u00a0\u00a0\u00a0<\/strong><\/td><td><strong>R3: 40.70\u00a0\u00a0<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>US crude futures declined significantly within the bearish picture, touching the target required during the previous report at 36.65, posting its lowest level at 36.50. Technically speaking, movements are witnessing a bullish bias as a result of trading above 37.00 with positive signs on the RSI indicator. We tend towards the positivity with caution over &hellip;<\/p>\n","protected":false},"author":9,"featured_media":34916,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[7222,6975,6846],"class_list":["post-34914","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-analysis","tag-crude","tag-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=34914"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34914\/revisions"}],"predecessor-version":[{"id":34947,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34914\/revisions\/34947"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34916"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=34914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=34914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=34914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}