- trademark replied Jul 24, 2019
WTI oil may consolidate around the 56.00 level with the 54.72 level acting as support. To the upside, the 55 day and 200 day EMAs may act as resistance, but the most relevant resistance level is at the 60.00 zone.
- trademark replied Mar 21, 2019
WTI oil breaks above the 59.86 level, where we can find the 55 week EMA. The moving average is the last most relevant resistence on WTI oil, above this level the price has the road clear to the 65.00 level. On the other hand, the 59.86 zone could ...
- trademark replied Mar 14, 2019
WTI oil finds a resistance around the 200 day EMA at the 59,00 level. Besides the moving average and the round number level, around the same zone we can find the 55 week EMA and the 200 week EMA. WTI oil may try to correct to the downside, but a ...
- trademark replied Jan 9, 2019
WTI oil continues correcting to the upside and accelerates its bullish momentum to come close to the 53.00 level which could act as resistance along with the 55 day EMA.
- trademark replied Sep 19, 2018
Good rally on oil. WTI oil rallies on the back of lower than expected US crude oil inventories. The sanctions on Iran and a rise in demand has also contributed to the rally on WTI oil. After the breakout of the 70.00 level, the commodity rises to ...
- trademark replied Sep 13, 2018
WTI oil retraces to the 55 day EMA at the 68.40 level where it finds a good support after leaving behind a false breakout above the 70.00 level.
- trademark replied Jun 14, 2017
WTI oil drops again very fast from the 46.00 level, seems like the rise in the US dollar and the crude inventories have pressure the commodity lower. Its next support area could be at the 44.00 zone.
- trademark replied Jan 19, 2017
WTI oil was not able to break below its 55 day EMA, around the 50.84 level. The price may stay consolidated between the 50.84 and the 52.00 levels.
- trademark replied Jan 3, 2017
Oil is being supported by the OPEC and non-OPEC agreement. Producing countries seem to stick to their promise of cutting production.
- trademark replied May 23, 2016
Light crude oil is in a bullish mode, the 50 level may act as resistance, lets see if it keeps rallying.
- trademark replied May 2, 2016
The rally on WTI oil may stop at the 46.00 level, the commodity may try to retrace.
- trademark replied Apr 27, 2016
Next resistance on oil may be the 46.00 level, but the bullish trend is still in effect. to the downside, the 42.00 may act as support.
- trademark replied Apr 12, 2016
WTI oil has rallied, but it needs real strong fundamentals to break above the 42.00 level and keep its bullish momentum.
- trademark replied Apr 6, 2016
The bearish trend is still in place for WTI crude oil, which is why after the pullback, the commodity may go back down.
- trademark replied Mar 31, 2016
Oil WTI keeps correcting to the downside, but the 37.00 could act as support, the 40.00 or the 200 day EMA could act as resistance.
- trademark replied Dec 7, 2015
Oil is touching the 37.73 level like expected, but the downtrend could lose some steam at this level.
- trademark replied Nov 26, 2015
Oil is consolidating, but it remains weak and it may try to go lower. There are no strong fundamental reasons yet for it to go much higher. At least the 44.00 level on the WTI may act as resistance.
- trademark replied Nov 22, 2015
Oil has found a good support at the 41.24 level and it has formed what it appears to be a descending triangle or pennant on the daily chart. To the upside, the 44.00 could act as resistance, but if oil breaks to the downside, the 40.00 level could ...
- trademark replied Nov 16, 2015
WTI crude oil below the 44.00 level could keep falling to the 40.00 level, which could act as a support.
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