WTI CrudeOil Price Breaks Through Major Trend Line oilprice Oilprices oiltrading commodities
, which have been breaking down. The noisy behavior of the market has finally given way to volatility, and I think it’s only a matter of time before we break down low there. If we do break below the $95 level, then it will kick off massive selling.
If the US dollar continues to strengthen quite drastically, it’s likely that we will see the crude oil market fall. Ultimately, I think rallies are to be sold into until we break above the $110 level, which is also where the 50-day EMA sits. That’s where we started the day on Tuesday, which looks pretty far away. Ultimately, I think short-term rallies will continue to be sold into at the first signs of exhaustion, and I think thatare probably what you want to focus on.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Crude Oil Price Technical Forecast: WTI Spills Lower- Correction LevelsCrude oil prices plummeted more than 9% this week with WTI marking its worst single day loss since mid-March threatening a deeper correction in the days ahead.
Weiterlesen »
US stocks, crude oil prices fall as markets extend slumpStocks fell broadly in afternoon trading on Wall Street Tuesday, extending a slump for the major indexes as investors continue to worry about the state of the economy.
Weiterlesen »
Crude Oil Prices Fall Sharply as Recession Fears GrowThe U.S. WTI benchmark for crude oil prices fell over 9.5% on Tuesday amid recession fears. See potential bias and similarities in coverage from washingtonpost, dcexaminer and OilandEnergy: OilPrices GasPrices
Weiterlesen »
WTI falls out of the sky, but bulls could be lurkingAt 98.73, the price of oil is down 10.6% on the day after falling from a high of $111.42 to a low of $97.46. The black gold has drop like a stone on T
Weiterlesen »
Later-dated Brent crude contracts trade below $100/bblBrent crude futures for delivery in November on Tuesday traded below $100 per barrel for the first time since mid-May, according to Refinitiv Eikon data, highlighting a market structure that signals a tight oil market in the short term.
Weiterlesen »