Technical Outlook For Oil 20-8-2015

Technical Outlook For Oil 20-8-2015

Crude Oil moved yesterday in the average movement of 226 cent, its highest level at 42.66 and the lowest price at 40.40 and closed at 40.51 to lose 188 cent during yesterday’s trading according to the economic data.

Oil opened today's trading at 42.39 volatile between 40.75 and 40.42 during the Asian session trading at 33 cent for the poor liquidity in the market range.

Oil moves in a series of down impulse waves inside channel.

It is expected that the oil is heading targeting 39.99 as the target on time frame of four hours, and until now we see the bears control on market direction.

And the Relative Strength Indicator "RSI" show us distribution operations at the market.

Support levels: 39.72, 38.93 and 37.46
Resistance levels: 41.98, 43.45 and 44.24
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Technical Analysis for Crude Oil 3-8-2015

 Technical Analysis for Crude Oil 3-8-2015

Oil moved last Friday in the average movement of 188 cents, its highest level at 48.59 and the lowest price at 46.72 and closed at 46.87 to Lose 155 cents during Friday’s trading according to the economic data...

Oil opened today's trading at 46.75 volatile between 46.40 and 46.90 during the Asian session trading at 50 cents for the poor liquidity in the market range, and in the European session the oil went down to 46.25

Oil moves in a series of down impulse waves after returning to the parallel price channel

It is expected that the oil is heading targeting 45.40 as the target on time frame of four hours, and until now we see the Bears control on market direction

And the Relative Strength Indicator "RSI" show us distribution operations at the market

Today we could see sharp trading because of the economic data from the USA

Support levels: 46.19 and 45.52 and 44.32

Resistance levels: 48.06 and 49.26 and 49.93

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Technical Analysis for Crude Oil 27-7-2015

Technical Analysis for Crude Oil 27-7-2015

Oil moved last Friday in the average movement of 130 cents, its highest level at 49.01 and the lowest price at 47.71 and closed at 48.21 to lose 57 cents during Friday’s trading according to the economic data...

Oil opened today's trading at 47.92 volatile between 47.79 and 48.17 during the Asian session trading at 38 cents for the poor liquidity in the market range.

Oil moves in a series of down corrective waves in a parallel price channel

We saw the oil achieved our target at 49.00

It is expected that the oil is heading targeting 47.00 as the target on time frame of four hours to make a little of correction, and until now we see the Bears control on market direction

And the Relative Strength Indicator "RSI" show us Distribution operations at the market

Today we could see sharp trading because of the economic data from the USA

Support levels: 47.61 and 47.01 and 46.31

Resistance levels: 48.91 and 49.61 and 50.21

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Technical Analysis for Crude Oil 16-7-2015

Technical Analysis for Crude Oil 16-7-2015

Oil moved yesterday in the average movement of 230 cents, its highest level at 53.48 and the lowest price at 51.19 and closed at 51.44 to Lose 185 cents during yesterday’s trading according to the economic data...

Oil opened today's trading at 51.61 volatile between 51.50 and 52.00 during the Asian session trading at 50 cents for the poor liquidity in the market range, and in the European session the oil went down to 51.40

Oil moves in a series of down corrective waves after breaking the parallel price channel

The OIL achieved our target at 51.41

It is expected that the oil is heading targeting 50.50 as the target on time frame of four hours to make a little of correction, and till now we see the Bears control on market direction

And the Relative Strength Indicator "RSI" show us Distribution operations at the market

Today we could see sharp trading because of the economic data from USA

Support levels: 50.59 and 49.74 and 48.30

Resistance levels: 52.88 and 54.32 and 55.17

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Technical Analysis for Crude Oil 13-7-2015

Technical Analysis for Crude Oil

Oil moved last Friday in the average movement of 185 cents, its highest level at 53.80 and the lowest price at 51.95 and closed at 52.71 to Gain 20 cents during Friday’s trading according to the economic data.

Oil opened today's trading at 52.19 volatile between 51.65 and 52.20 during the Asian session trading at 55 cents for the poor liquidity in the market range, and in the European session the pair went down to 51.25

Oil moves in a series of down corrective waves after breaking the parallel price channel

It is expected that the oil is heading targeting 50.00 as the target on time frame of four hours to make a little of correction, and till now we see the Bears control on market direction

And the Relative Strength Indicator "RSI" show us Distribution operations at the market

Today we could see sharp trading because of the economic data from USA

Support levels: 51.84 and 50.97 and 49.99

Resistance levels: 53.69 and 54.67 and 55.54

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