Brent Oil (LCO) Price Live
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Brent Oil FORECASTSview all
WTI Crude Oil Daily Analysis – August 16, 2017
Crude oil prices edge higher on Wednesday morning after reports of a major draw in crude stocks pressure the market. According to the API report – Crude oil inventories dropped by 9.16 million barrels at the end of last week which is the 11th straight drawdown and more than expected on the week. The EIA is due … Continue reading WTI Crude Oil Daily Analysis – August 16, 2017
Daily Market Forecast, August 16, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD
EUR/USD: Euro near Support after Declines The Euro has stayed under pressure against the U.S Dollar and the 1.17 level is acting as support in the short-term. Later today the U.S Federal Reserve will release its FOMC Meeting Minutes report which could create an impact. After being taken to lows the first two days of … Continue reading Daily Market Forecast, August 16, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD
Oil Price Fundamental Daily Forecast – EIA Gasoline Inventory Will Dictate Today’s Tone
U.S. West Texas Intermediate and internationally-favored Brent crude oil spent most of the session lower, but managed to eke out a higher close. The markets were weighed down and the upside limited because of the stronger U.S. Dollar and signs of weaker demand in China. October WTI crude oil settled at $47.84, up $0.11 or … Continue reading Oil Price Fundamental Daily Forecast – EIA Gasoline Inventory Will Dictate Today’s Tone
Crude Oil Price Update – Testing Crucial Value Zone; Look Out Below if $47.26 Fails as Support
October West Texas Intermediate Crude Oil continued to feel selling pressure from the fallout over weak Chinese data and a stronger U.S. Dollar. According to reports, Chinese oil refineries operated in July at their slowest daily rates since September, raising concerns about demand. The dollar is also mounting a huge recovery as tensions between the … Continue reading Crude Oil Price Update – Testing Crucial Value Zone; Look Out Below if $47.26 Fails as Support
Brent Oil NEWSview all
Broad Markets Brace for the Fed’s FOMC Report, US Futures Point Higher
Global investors will examine the U.S Federal Reserve’s FOMC Meeting Minutes carefully upon publication. Forex, equities and commodities are certain to react to any surprises from the outlook the Federal Reserve delivers via its report. Wall Street produced a flat trading session on Tuesday, but Retail Sales numbers were solid. U.S. Dollar Firm Early, Economic Data … Continue reading Broad Markets Brace for the Fed’s FOMC Report, US Futures Point Higher
European Stock Continue to Rally Following Strong UK Labor Data
European stock markets surge higher after mixed Asian session. Data releases and easing concerns over the QE challenge at Europe’s top court helped stock markets to move broadly higher, with the DAX up 0.85% and back at levels last seen ahead of the North Korea tensions knocked markets. The Euro Stoxx 50 is up nearly … Continue reading European Stock Continue to Rally Following Strong UK Labor Data
U.S. Dollar Soars to Nearly Three-Week High as Chance of Rate Hike Rises
U.S. Dollar Index futures soared to their highest level since July 25 on Tuesday after the release of better-than-expected U.S. economic data. The index was underpinned early in the session by the news that North Korean leader Kim Jong Un had delayed a decision on firing missiles toward the U.S. Pacific territory of Guam, but … Continue reading U.S. Dollar Soars to Nearly Three-Week High as Chance of Rate Hike Rises
Gold Sinks on Increased Demand for Risky Assets
Gold futures lost ground on Monday but remained close to its two-month high. The precious metal was pressured by a strengthening U.S. Dollar and increased demand for higher-risk assets. The risk-on session was fueled by a slight easing of tensions between the United States and North Korea. Worries began to ease over the week-end after … Continue reading Gold Sinks on Increased Demand for Risky Assets
Brent Oil (LCO) Technical Analysis
TECHNICAL SUMMARY
Moving Averages
| SIMPLE | EXP. | WEIGHTED | |
|---|---|---|---|
| MA (5) | 51.117 | 51.118 | 51.118 |
| MA (10) | 51.111 | 51.110 | 51.117 |
| MA (20) | 51.081 | 51.108 | 51.098 |
| MA (50) | 51.146 | 51.116 | 51.122 |
| MA (100) | 51.103 | 51.045 | 51.128 |
| MA (200) | 50.835 | 50.835 | 51.010 |
Trend Indicators
| MACD (12,26,9) | -0.0038 |
| ADX (14) | 13.0054 |
| RSI (14) | 53.2386 |
| Williams %R (14) | -26.9231 |
| Stochastic RSI (14) | 65.713 |
| ROC (10) | 0.1469 |
| CCI (14) | 62.1756 |
| Ultimate oscillator (7,14,28) | 48.3747 |
| Stochastic Fast (14) | 73.0769 |
| ATR (14) | 0.0664 |
| BBands (20) | 0.1391 |
Pivot Points
| Name | S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| classic | 51.033 | 51.061 | 51.093 | 51.121 | 51.153 | 51.181 | 51.213 |
| fibonacci | 51.061 | 51.084 | 51.098 | 51.121 | 51.144 | 51.158 | 51.181 |
| camarilla | 51.050 | 51.055 | 51.060 | 51.121 | 51.189 | 51.194 | 51.199 |
| woodie | 38.281 | 25.532 | 38.341 | 25.592 | 38.401 | ||
| demark | 51.107 | 51.128 | 51.167 |
| Pivot | S3 | S2 | S1 | N | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| classic | |||||||
| fibonacci | |||||||
| camarilla | |||||||
| woodie | |||||||
| demark |