Crude Oil (CL) Price Live
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Crude Oil FORECASTSview all
Commodities Daily Forecast – June 28, 2017
Gold Gold prices spent the day in a form of consolidation which should come as a surprise to the bulls who would have expected the prices to move up very strongly on the back of some dollar weakness that we have been seeing over the last 24 hours. We have also seen the stock markets … Continue reading Commodities Daily Forecast – June 28, 2017
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
Crude Oil Price Forecast June 28, 2017, Technical Analysis
WTI Crude Oil The WTI Crude Oil market rallied during the session on Tuesday, reaching towards the $44.40 level. Oil rallied significantly in general, but I still think that the Crude Oil Inventories announcement coming out during the day today will significantly move the market. I think that the $45 level above is massively resistive, … Continue reading Crude Oil Price Forecast June 28, 2017, Technical Analysis
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
Crude Oil NEWSview all
Gold Bulls Take Advantage of Dollar Weakness
Compared to the rest of the market and the other major instruments, the movements in the gold prices over the last 24 hours has been somewhat muted which should be a surprise for the bulls. The gold prices have been the first to respond on any signs of strength or weakness in the dollar and … Continue reading Gold Bulls Take Advantage of Dollar Weakness
Morning Market Update – Swiss Franc Looks for Support
The United States API Weekly Crude Oil Stocks came in at 0.85M versus a previous value of -2.72M. Minneapolis Fed Reserve President Kashkari spoke in a town hall event and stated that another crisis is not approaching for now. The People’s Bank of China set the Yuan midpoint rate at 6.8053 versus yesterday’s fix of … Continue reading Morning Market Update – Swiss Franc Looks for Support
Gold Prices Crash on Large Sell Order
Gold prices crashed yesterday in what was a surprise move as far as the traders and the markets were concerned. We had mentioned in our forecasts over the last couple of days that the gold prices are likely to bounce towards the 1260 region where they are likely to face a lot of selling and … Continue reading Gold Prices Crash on Large Sell Order
Tech Stocks Pressure NASDAQ; Strong Financial Sector Underpins Dow, S&P 500
U.S. stocks settled mixed on Monday with the blue chip Dow and benchmark S&P 500 eking out small gains on the back of a strong financial sector and the NASDAQ Composite falling victim to a sell-off in the technology sector. In the cash market, the Dow Jones Industrial Average closed at 21409.55, up 14.79 or … Continue reading Tech Stocks Pressure NASDAQ; Strong Financial Sector Underpins Dow, S&P 500
Crude Oil (CL) Technical Analysis
TECHNICAL SUMMARY
Moving Averages
| SIMPLE | EXP. | WEIGHTED | |
|---|---|---|---|
| MA (5) | 44.192 | 44.157 | 44.197 |
| MA (10) | 44.007 | 44.060 | 44.110 |
| MA (20) | 43.887 | 43.961 | 43.968 |
| MA (50) | 43.866 | 43.916 | 43.880 |
| MA (100) | 43.974 | 43.947 | 43.922 |
| MA (200) | 44.013 | 44.013 | 43.974 |
Trend Indicators
| MACD (12,26,9) | 0.0955 |
| ADX (14) | 40.7523 |
| RSI (14) | 78.3715 |
| Williams %R (14) | -3.9062 |
| Stochastic RSI (14) | 93.7585 |
| ROC (10) | 1.1209 |
| CCI (14) | 83.4823 |
| Ultimate oscillator (7,14,28) | 63.3034 |
| Stochastic Fast (14) | 96.0938 |
| ATR (14) | 0.0975 |
| BBands (20) | 0.7911 |
Pivot Points
| Name | S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| classic | 44.146 | 44.168 | 44.186 | 44.208 | 44.226 | 44.248 | 44.266 |
| fibonacci | 44.168 | 44.183 | 44.193 | 44.208 | 44.223 | 44.233 | 44.248 |
| camarilla | 44.155 | 44.158 | 44.161 | 44.208 | 44.248 | 44.251 | 44.254 |
| woodie | 33.116 | 22.082 | 33.156 | 22.122 | 33.196 | ||
| demark | 44.177 | 44.203 | 44.217 |
| Pivot | S3 | S2 | S1 | N | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| classic | |||||||
| fibonacci | |||||||
| camarilla | |||||||
| woodie | |||||||
| demark |