US crude oil futures traded positively to nullify the expected negative outlook during the previous session. The commodity touched the stop-loss order that we mentioned in the previous analysis at 40.25, to its highest level at 40.75.<\/p>\n\n\n\n
Technically, prices are currently stabilizing below the resistance of the descending channel shown on the chart, with the RSI starting to send negative signals in the short time intervals.<\/p>\n\n\n\n
We think that there is a possibility of a bearish slope occurring in the coming hours, targeting a retest of 38.90\/39.00 initially.<\/p>\n\n\n\n
From the upside, the return of trading 40.70 is capable of stopping the intraday retracement attempts to bring oil into a bullish path, with targets starting at 41.30, followed by 41.60.<\/p>\n\n\n\n
It is noted that we are awaiting the data of oil inventories issued by the International Energy Agency (IEA), and may witness high volatility<\/p>\n\n\n\n
<\/p>\n\n\n\n Oil, Crude, trading<\/p>\n","protected":false},"author":9,"featured_media":35063,"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":[7222,6877,6846],"class_list":["post-35056","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-analysis","tag-dollar","tag-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35056","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=35056"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35056\/revisions"}],"predecessor-version":[{"id":35069,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35056\/revisions\/35069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/35063"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1:\u00a038.90\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/td> R1: 40.70\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/td><\/tr> S2:<\/strong>\u00a038.05\u00a0\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/td> R2:<\/strong>\u00a041.60\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/td><\/tr> S3:\u00a037.20\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/td> R3: 42.45\u00a0 \u00a0\u00a0<\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"