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Technical Analysis of WTI

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OIL price: bad for stability, good for profits
OIL price: bad for stability, good for profits
Looking at the hourly chart of the WTI oil price below, one may come to only one conclusion: the price of this asset is far from being stable. Well, for trading purposes, it’s rather good news. What are the prospects though? The prospects are pretty much the same as what the headlines say most of th...
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11.11.2020 08:22 Inter-market technical analysis of stock indexes and oil prices
For Traders Forex Analysis Technical analysis 11.11.202008:22 Inter-market technical analysis of stock indexes and oil prices Long-term review If we look at how the issue of the US presidential election unfolds, we can say that everything is chaotic. The official results have not...
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OIL: down to March levels
OIL: down to March levels
Technical We have seen WTI oil price drop to $35 right before the weekend breaking through local support levels. Today, it almost touched $34 bouncing back up to $34.5. On the daily chart, these levels correspond to June lows and the pre-final-fall zone of March. Which factors are affecting the oil...
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29.10.2020 10:55 Oil technical idea
For Traders Forex Analysis Technical analysis 29.10.202010:55 Oil technical idea Relevance up to 08:00 2020-10-30 UTC+00 Good afternoon, dear traders! I present to your attention a trading idea for WTI oil. So, according to our trading recommendation for a fall on October 21: t...
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21.10.2020 10:34 Oil auction for 5000p
For Traders Forex Analysis Technical analysis 21.10.202010:34 Oil auction for 5000p Relevance up to 08:00 UTC+00 Trading idea for WTI oil. As expected, the giant oil auction was terminated through the breakdown of the upper limit at the quote 41.7. The breakdown turned out to be...
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25.09.2020 11:01 Trading idea for WTI futures
For Traders Forex Analysis Technical analysis 25.09.202011:01 Trading idea for WTI futures Relevance up to 10:00 2020-09-26 UTC+2 Betting on a fall in WTI oil, the plan yesterday was to continue selling crude, completing the ABC pattern formed on the trading chart. However, oil ...
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24.09.2020 11:09 Trading idea for WTI futures
For Traders Forex Analysis Technical analysis 24.09.202011:09 Trading idea for WTI futures Relevance up to 08:00 2020-09-25 UTC+2 Oil has a high chance of declining this month, and the reason for this is the rising risk of another pandemic wave worldwide. Many countries have alre...
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09.09.2020 06:19 Forecast for AUD/USD on September 9, 2020
Main / For Traders / Forex Analysis / Technical analysis 09.09.202006:19 Forecast for AUD/USD on September 9, 2020 Relevance up to 05:00 2020-09-10 UTC+2 AUD/USD The Australian dollar lost 60 points on Tuesday, under strong pressure from related markets. The price settled below the...
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13.08.2020 05:44 Forecast for AUD/USD on August 13, 2020
Main / Forex Analysis / Forex Analysis 13.08.202005:44 Forecast for AUD/USD on August 13, 2020 Open trading account Open demo account Download MetaTrader trading platform Relevance up to 04:00 2020-08-14 UTC+2 AUD/USD The Australian dollar sluggishly react...
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10.08.2020 06:42 Crude Oil Price Movement On August 10, 2020
Main / Forex Analysis 10.08.202006:42 Crude Oil Price Movement On August 10, 2020 Open trading account Open demo account Download MetaTrader trading platform Relevance up to 06:00 2020-08-12 UTC+2 After WTI Crude Oil touched the $41.26 level, the price is now ...
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OIL: turbulence ahead
OIL: turbulence ahead
In May-June, WTI oil price was rising almost non-stop. In July, we have an obvious consolidation. The level of $41 per barrel so far serves as an iron wall for bullish intentions. What is the likely scenario ahead? OPEC+ is having a meeting this week. They are going to discuss the possibility of loo...
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Oil prices fell once again
Relevance up to 08:00 2020-07-11 UTC+2 Crude oil fell after a key Libyan oil field resumed production. It threatens to release barrels of oil into the market where demand is already low. Thus, due to this, oil futures in the US fell 3%.The Mesla and Sarir oil fields in eastern Libya resumed produc....
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Forecast for AUD/USD on July 10, 2020
Relevance up to 05:00 2020-07-11 UTC+2 AUD/USD The Australian dollar is losing interest in growth every day. The price spent the whole week in a sideways direction, it closed Thursday with a black candle of 16 points. This nature of the price significantly reduces the probability of forming a tr....
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OIL: a detailed technical outlook
OIL: a detailed technical outlook
On Wednesday, when the WTI oil price stopped at $40 we advised that it would go further down to the area of $37.5. Eventually, it happened exactly as foreseen – the price is currently at $37.5 although we did not expect it to go down as fast as it did. Now, it makes sense to a closer technical look ...
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OIL: technical outlook
OIL: technical outlook
Currently, we have the following layout. In the oil market, there is relative silence and neutral mood. Globally, investors are cautious about the second-wave virus hit. Together, these factors make the oil price hang in the channel between $35 and 40$ like in limbo. Therefore, it is unlikely that i...
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OIL: three paths
OIL: three paths
After spending the entire April in the depths below $20, WTI oil made a straight-line recovery in May. Eventually, it reached $40 on June 8 after which it went into a first serious downward retrace. Currently, it is at $40 again, and the question is how the situation will evolve. Fundamentally, the ...
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OIL: V-shape recovery
OIL: V-shape recovery
If the stock market observers are discussing whether it will be an L or U-shape recovery, the oil market definitely looks like a V. $33 marks now the local resistance level, which hasn’t seen the WTI price since the beginning of March, when the epic plunge started. Very likely, the price will go int...
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The DAX30 remains technically neutral, but the fundamental horizon darkens
Source: Economic Events April 27, 2020 - Admiral Markets' Forex Calendar The DAX30 CFD has surprised over the last few days of trading with a relatively stable performance. This is surprising because of developments in oil markets. The May contract settled at -37.63 USD/BBL last Monday, but the fail...
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Currencies, oil and gold: a brighter picture
Currencies, oil and gold: a brighter picture
Focus of the week: currencies, oil & gold The market keeps fighting through uneasy times. Today, however, the picture seems to be sunnier than at the beginning of the week. Currency table is relatively balanced in favor of the US dollar, the oil and gold prices made a step up. Currencies Strate...
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EUR/USD. April 22. Panic in the oil market. The euro is trading in a narrow price range. Bears are waiting to overcome 1.0827
EUR/USD. April 22. Panic in the oil market. The euro is trading in a narrow price range. Bears are waiting to overcome 1.0827
Relevance up to 13:00 2020-04-23 UTC+2 EUR/USD – 1H. Hello, traders! On April 21, the euro/dollar pair fall to the lower line of the sideways trend corridor, from which it was rebounded with a reversal in favor of the European currency and the beginning of growth in the direction of the upper lin....
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Trading recommendations on GBP/USD for April 21, 2020
Trading recommendations on GBP/USD for April 21, 2020
Relevance up to 13:00 2020-04-22 UTC+2 Intense downward mood is present, which pushed the quote near the control levels. Fluctuation of quotes in the variable range of 1.2405 / 1.2520 lasted for about 60 hours, during which traders rallied on the breakdown of established boundaries, which turned ....
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Trading recommendations for EUR/USD pair on April 21
Trading recommendations for EUR/USD pair on April 21
Relevance up to 11:00 2020-04-22 UTC+2 From the point of view of complex analysis, we see a continuing downward interest and during which the variable boundaries declined, and now let's talk about the details. The mirror level of 1.0850 played the role of an integral coordinate of the interaction....
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WTI OIL Still In The Red!
WTI OIL Still In The Red!
Relevance up to 10:00 2020-04-15 UTC+2 WTI Oil is traded at $22.43 and it seems heavy enough to decrease further on the short term. WTI price ignores the OPEC+ alliance announcement to cut the production again to combat the COVID-19 epidemic effects. Unfortunately, the demand is still low, that's ....
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Trading recommendations for EURUSD pair on March 10
Trading recommendations for EURUSD pair on March 10
Relevance up to 13:00 2020-03-11 UTC+1 From a comprehensive analysis, we see the heights at which the trend change is ringing. Now about the details. The week began with a loud gap - a size that exceeded the average daily candle (68 points). Buyers were already charged, but this did not seem enou....
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WTI OIL Is Challenging Critical Support on 04.02.2020
Relevance up to 09:00 UTC+1 The oil price has registered an amazing drop and it continues to be under massive selling pressure. WTI grade has reached fresh new lows at $49.63, has not seen so low since January 2019. The price has decreased by 3.69% in the start of this week and by 8.63% from the l....
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Oil: long-term forecast
Oil: long-term forecast
Long-term review Oil - CLFrom April 2011 to August 2014, the price of oil (WTI) formed an extended triangular graphic formation. In August 2014, the price went down from the triangle and plummeted until January 2016, reaching 26.14.The oil drop at the exit from the triangle that lasted for 75 week....
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Forecast for EUR/USD on December 2, 2019
Forecast for EUR/USD on December 2, 2019
Relevance up to 04:00 2019-12-04 UTC+1 EUR/USD The euro worked out the entire range of the previously noted consolidation of 1.0985-1.1026 onFriday. Today, in the Asian session, the price expects the arrival of new impulses for further movement. On the daily chart, the situation is rising - the ....
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Forecast for AUD/USD on December 2, 2019
Forecast for AUD/USD on December 2, 2019
Relevance up to 04:00 2019-12-03 UTC+1 AUD/USD The Australian dollar began to show signs of a reversal in the upward correction without testing the support of the embedded price channel line on the daily chart. Such a sign is the reversal of the signal line of the Marlin oscillator. The closest ....
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Forecast for EUR/USD on October 15, 2019
Forecast for EUR/USD on October 15, 2019
Relevance up to 05:00 2019-10-16 UTC+2 EUR/USD Trading on the market was calm on Monday, as oil set the tone, having fallen in price by 2.55% (WTI) and also slightly pressured counter-dollar currencies. The euro declined by 11 points - on the daily chart, the MACD indicator line exerted pressure....
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Break ahead: the USD/CAD eyeing 1.3000 and new yearly lows
Break ahead: the USD/CAD eyeing 1.3000 and new yearly lows
Source: Economic Events July 17, 2019 - Admiral Markets' Forex Calendar The USD/CAD is currently eyeing a technically interesting level: the region around 1.3000.A break lower could level the path down to 1.2780, which is definitely an option after last week. On Wednesday, comments made from US Fed ...
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