Forecasts & Analysis | Crude oil, Page 1
Crude Oil Price Update – Without Bullish Catalyst Likely to See Retest of $57.79-$55.99
The chart pattern is pretty clear. Value-seeking buyers have to continue to come in at $57.79 to $55.99 to defend against a steep sell-off. If successful, we could see an eventual move into the short-term retracement zone at $61.41 to $62.35.
Crude Oil Price Forecast – Crude Oil Markets Stable On Friday
Crude oil markets stabilize a bit during the day on Friday, which of course is a good sign considering that we had pulled back so drastically. That being said, it looks like the 200 day EMA continues to offer support.
Crude Oil Weekly Price Forecast – Crude Oil Forms A Hammer
The crude oil markets fell initially during the week but have turned around to show signs of life again by forming a hammer. This has happened in both grades that I follow here at FX Empire.
Energy Continues Basing Setup – Breakout Expected Near January 24th
After watching Crude Oil fall from the $65 ppb level to the $58 ppb level (-10.7%) over the past few weeks, we still believe the energy sector is setting up for another great trade for skilled investors/traders.
Oil Price Fundamental Daily Forecast – Oversold Conditions Contributing to Short-Covering Rally
hort-covering tied to technically oversold conditions could be driving the price action on Friday. Speculators betting on renewed tensions in the Middle East could also be behind this week’s strength.
Crude Oil Price Forecast – Crude Oil Markets Bounce A Bit
Crude oil markets look as if they are finding a bit of support here, as the 200 day EMA acts as support. After getting hammered over the last week or so, value hunters have returned.
Crude Oil Price Update – Strengthens Over $58.80, Weakens Under $57.79
If using the 50% levels as your guide then look for an upside bias to develop on a sustained move over $58.80, and for the downside bias to continue on a sustained move under $57.79.