Oil Technical Analysis

Economies.com provides the latest technical analysis of Crude Oil Futures. Through this page you may keep track of any changes in Oil Prices by our live technical updates around the clock. Technical analysis helps you predict the trend of Oil Rates by the use of technical indicators.

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Crude Oil Weekly Technical Report 3-7/6/2013

2013-06-03 12:35:35 GMT (ecPulse)
WTI Crude Oil is retesting 92.40 broken support level at the 200-days SMA, activating our previously suggested bearish scenario, which remains valid so long as 93.20 is intact over four-hour ...

Midday update for Crude Oil 03/06/2013

2013-06-03 10:41:28 GMT (Economies.com)
Crude oil price trades positively since morning, moving away from the falling wedge support line that appears in the image, but we can’t confirm the continuation of the bullish trend on the ...

Crude Oil faces contradicted factors 03/06/2013

2013-06-03 05:24:56 GMT (Economies.com)
Crude oil chart shows the limitation of the recent trading inside a falling wedge with a positive nature, and after touching this pattern’s support line, an expected upside rebound might ...

Midday update for Crude Oil 31/05/2013

2013-05-31 10:41:27 GMT (Economies.com)
Crude oil price pushes negatively on the upside channel’s support at 93.10, and as we mentioned this morning, stability above this level represents the key factor to achieve the waited positive ...

Crude Oil leans on solid ground 31/05/2013

2013-05-31 05:10:50 GMT (Economies.com)
Crude oil price managed to settle above the upside channel’s support which is located now at 93.10, and that allows us to suggest witnessing positive trading for today, with main target located ...

Before the US session close: Crude Oil keeps the support ground

2013-05-30 20:04:12 GMT (Economies.com)
Crude oil price tried to break 92.85, but it remained stable above it, testing now the EMA50 which forms minor resistance at 93.85   In general, the suggested scenario in our major technical ...

Midday update for Crude Oil 30/05/2013

2013-05-30 10:25:32 GMT (Economies.com)
Crude oil price pushes negatively on the upside channel’s support at 92.85, and as we mentioned in our morning report, a confirmed break below this level with a daily close will push the price ...

Crude Oil visits the support 30/05/2013

2013-05-30 05:40:43 GMT (Economies.com)
Crude oil price declined sharply yesterday and stopped exactly at the bullish channel’ support at 92.85, keeping the preferred sideways trading in our last reports valid, where this range lines ...

Midday update for Crude Oil 29/05/2013

2013-05-29 10:42:05 GMT (Economies.com)
 oil price shows some bearish bias to test the EMA50 which acts as a minor support like at 94.00, while we wait some positivity towards the sideways’ range resistance that controls the ...

Crude Oil awaits touching the target 29/05/2013

2013-05-29 05:07:08 GMT (Economies.com)
Crude oil price stopped yesterday at 95.00, while the sideways scenario remains valid and active until now, this range lines are represented by 92.95 support and 96.60   Stochastic remains ...

Before the US session close: Crude Oil closing on target

2013-05-28 19:05:34 GMT (Economies.com)
Crude oil price continued the positive trading approaching from our main target for today at 96.65, supported by the positivity provided by stochastic, to continue with our suggested scenario in our ...

Midday update for Crude Oil 28/05/2013

2013-05-28 11:04:23 GMT (Economies.com)
Crude oil price trades with expected bullish bias after leaning well on the bullish channel’s support, where it heads to test the critical resistance at 96.65   Therefore, the morning ...

Crude Oil attempts to rebound 28/05/2013

2013-05-28 05:30:03 GMT (Economies.com)
Crude oil price provides some slight positive bias, attempting to step above the EMA50, supporting the continuation on our sideways trading expectations on the intraday basis, the lines of this ...

Crude Oil Weekly Technical Report 27-31/5/2013

2013-05-27 08:16:13 GMT (ecPulse)
  The 200-days SMA alongside the 50-days SMA were able to reject downside attempts recently, confirming 92.40 as a key support level, and downside barrier. A break below this support is ...
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