Crude Oil Weekly Technical Report 2-6/2/2015

ecPulse
2015-02-02 08:10AM UTC

Crude oil tested the resistance of the intraday descending channel and is still below it, while RSI and MACD are showing negative signals now, so we keep our negative expectations targeting next 42.20. A break above 47.50 halts the negative expectations and pushes the price to the upside.

 

Commodities News

Gold News

Commodities

Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Steel News

Commodities

Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Oil News

Commodities

Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Oil Analysis

Commodities

Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...
Silver Analysis

Commodities

Silver price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Silver Price Analysis Expected Scenario Silver price is testing 29.80$ again, and as long ...