US Oil
US Oil
Prices stabilized higher than the neck line of the inverted head and shoulders,
US Oil
7 Nov 2017 01:31 PM |Prices managed to exceed the neck line of the inverted head and shoulders,
US crude inventories decreased during the previous week
27 Sep 2017 05:02 PM |US crude oil inventories for the week ended September 22 fell by 1.8 million barrels, in contrast to expectations of an increase of 2.9 million barrels after rising by 4.6 million barrels in the previous week.
US Oil 14 September
14 Sep 2017 02:22 PM |Prices are approaching to 50$ levels and with exceeding this resistance would send prices much higher to 52$ and 55$ in row. Staying below 50$ would maintain the negative outlook for oil prices.
US Oil 11 September
11 Sep 2017 11:51 AM |We are keeping our negative outlook for oil as prices stays below 50$ levels, we expect that price would fall for testing a support level at 45.50$ and with breaking it down we would see further decline to levels of 42 and 37$ per barrel. On the other way, exceeding 50$ levels would push prices higher to levels of 55$.
US Oil 7 September
7 Sep 2017 11:56 AM |Oil prices are trying hardly to exceed a resistance area at 49.50/50 $, we expect that prices to pull back for testing support levels at 47 then 45.50 and 43 $.
US Oil 5 September
5 Sep 2017 03:50 PM |Prices has managed to exceed the upper line of the descending channel on 4 hours frame, we expect further rising to reach levels of 49.30$ and then retreating from that level to 47 then 45$ levels.
US Oil 30 August
30 Aug 2017 11:37 AM |We still expecting further declining to reach levels of 45$ as a first target of the descending triangle. Current resistance would be at 47$.
US Oil 17 August
17 Aug 2017 01:09 PM |Our outlook for US oil still negative as long prices stay below levels of 50$ and would be heading to levels of 45.5 then 42 and 39$.
US Oil 15 August
15 Aug 2017 12:49 PM |We have mentioned lately about how it is hard to exceed the barrier of 50$ levels, it managed to reach first target at 47.50$, we expect that prices to reach the following targets at 45.5$ then 42$ and 39$. Major resistance would be at levels of 50$, and exceeding this level would send prices much higher.
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