Brent Oil (LCO) Price Live
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Brent Oil FORECASTSview all
Daily Market Forecast, June 28, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD
GBP/USD: Pound Continues to Gain Bank of England Governor Mark Carney said the U.K central bank is prepared for all scenarios regarding Brexit ramifications yesterday. The Pound gained against the U.S Dollar and has traversed above the 1.28 mark. Mark Carney will be speaking again today in Portugal. The Pound has done well early this … Continue reading Daily Market Forecast, June 28, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD
Oil Price Fundamental Daily Forecast – Lower After API Report Shows Surprise Build
Profit-taking and quarterly position-squaring helped crude oil prices surge nearly 2 percent on Tuesday. Most of the price action was driven by short-covering with some by aggressive counter-trend buyers playing for a bullish U.S. Energy Information Administration (EIA) inventories report on Wednesday. August West Texas Intermediate crude oil futures settled at $44.24, up $0.86 or … Continue reading Oil Price Fundamental Daily Forecast – Lower After API Report Shows Surprise Build
Daily Market Forecast, June 27, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD
GBP/USD: Upside Short Term Potential The Pound maintained a tight trading range on Monday. The 1.27 level continues to act as support for the British currency and U.S Dollar. A coalition deal within the British government yesterday was announced by Prime Minister Theresa May which has given her some needed stability. Bank of England Governor … Continue reading Daily Market Forecast, June 27, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD
Oil Price Fundamental Daily Forecast – Trader Reaction to Retracement Level Will Set the Tone for the Session
U.S. West Texas Intermediate crude oil and international benchmark Brent crude oil finished marginally higher on Monday, boosted by short-covering, profit-taking and aggressive buying by counter-trend bargain-hunters. August WTI crude oil settled at $43.38, up $0.37 or +0.86% and September Brent crude oil futures ended the session at $46.04, up $0.29 or +0.63%. There has … Continue reading Oil Price Fundamental Daily Forecast – Trader Reaction to Retracement Level Will Set the Tone for the Session
Brent Oil NEWSview all
Big Data and Big Speculation will set the Tone for the Week
Global markets will be watched closely today to see if a speculative sentiment is able to find momentum. The U.S will issue its Core Durable Goods Orders numbers and tomorrow Chairwoman Janet Yellen will be speaking. Important U.S. Data on the Calendar The Core Durable Goods Orders statistics will be released today from the States. … Continue reading Big Data and Big Speculation will set the Tone for the Week
Crude Oil Slump Maybe Making Global Investors Tentative
Crude Oil’s slump may be causing tentative sentiment on the global equity markets. However, the NASDAQ was able to gain on Wednesday as investors may have been buying a market they felt was oversold last week. Weekly Unemployment Claims will come from the States today. Investors Pursue NASDAQ Wall Street saw the Dow Jones Industrials … Continue reading Crude Oil Slump Maybe Making Global Investors Tentative
Falling Crude Prices a Drag Stocks and Inflation
Falling oil prices were a drag on U.S. stock indexes for a second day on Wednesday. Oil stocks dropped 1.6 percent helping to push the S&P 500 Index and the Dow Jones Industrial Average marginally lower. Both indexes face exposure to the energy sector while the technology-based NASDAQ Composite does not. In the cash market, … Continue reading Falling Crude Prices a Drag Stocks and Inflation
Trump and Washington Continue to Create Tension for Investors
Global equities have turned cautious the past day after record performances on Monday. Republicans won big congressional elections yesterday and Washington politics continue to have an impact on investors. Crude Oil Inventories will be released today into a bearish market. Wall Street Set for Cautious Day Wall Street will open trading today with slight declines … Continue reading Trump and Washington Continue to Create Tension for Investors
Brent Oil (LCO) Technical Analysis
TECHNICAL SUMMARY
Moving Averages
| SIMPLE | EXP. | WEIGHTED | |
|---|---|---|---|
| MA (5) | 46.758 | 46.778 | 46.778 |
| MA (10) | 46.761 | 46.777 | 46.766 |
| MA (20) | 46.808 | 46.798 | 46.780 |
| MA (50) | 46.846 | 46.864 | 46.828 |
| MA (100) | 47.004 | 47.002 | 46.893 |
| MA (200) | 47.305 | 47.305 | 47.116 |
Trend Indicators
| MACD (12,26,9) | -0.0289 |
| ADX (14) | 11.5597 |
| RSI (14) | 46.933 |
| Williams %R (14) | -47.8261 |
| Stochastic RSI (14) | 72.5527 |
| ROC (10) | -0.0427 |
| CCI (14) | -7.3879 |
| Ultimate oscillator (7,14,28) | 46.8142 |
| Stochastic Fast (14) | 52.1739 |
| ATR (14) | 0.1049 |
| BBands (20) | 0.2712 |
Pivot Points
| Name | S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| classic | 46.640 | 46.680 | 46.730 | 46.770 | 46.820 | 46.860 | 46.910 |
| fibonacci | 46.680 | 46.714 | 46.735 | 46.770 | 46.804 | 46.825 | 46.860 |
| camarilla | 46.667 | 46.675 | 46.682 | 46.770 | 46.877 | 46.884 | 46.892 |
| woodie | 34.987 | 23.345 | 35.077 | 23.435 | 35.167 | ||
| demark | 46.750 | 46.780 | 46.840 |
| Pivot | S3 | S2 | S1 | N | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| classic | |||||||
| fibonacci | |||||||
| camarilla | |||||||
| woodie | |||||||
| demark |