US crude oil futures prices jumped during the previous trading session, and as we made clear that re-activating long positions requires a clear and strong break of the 40.25 resistance level, which enhances the chances of a rally towards 41.00 \/ 40.90 and then 41.40 as a next stop to reach its highest level at 41.38.<\/p>\n\n\n\n
Technically, with the price breaking the descending channel’s resistance level, as seen on the chart, with the 50-day moving average supporting the bullish bias, therefore the bullish trend will be likely today, targeting 41.70 as a first target, followed by 42.40, and the gains may extend towards 43.00. A reminder that activating the aforementioned scenario requires an intraday stability above 40.60, and the most important 40.20.<\/p>\n\n\n\n Oil, Crude, trading<\/p>\n","protected":false},"author":9,"featured_media":35218,"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-35215","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\/35215","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=35215"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35215\/revisions"}],"predecessor-version":[{"id":35225,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35215\/revisions\/35225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/35218"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1: 39.95 <\/strong><\/strong><\/strong><\/strong><\/td> R1: 41.65 <\/strong> <\/strong><\/strong><\/strong><\/strong><\/td><\/tr> S2:<\/strong> 38.95 <\/strong><\/strong><\/strong><\/strong><\/td> R2:<\/strong> 42.40 <\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr> S3: 38.20 <\/strong><\/strong><\/strong><\/strong><\/td> R3: 43.40 <\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"