Tag: crude oil daily technical outlook

Nymex Crude Oil (CL) Crude oil’s rally extends further today and the break of 73.16 resistance indicates that fall from 75.0 has completed at 65.05 already. The corrective three wave structure in…

Nymex Crude Oil (CL) Crude oil edged higher to 72.55 but upside momentum remains unconvincing. Nevertheless, another rise is still mildly in favor with 68.16 support intact. Break of 73.16 will indicate…

Nymex Crude Oil (CL) Crude oil retreats sharply after rising to 7.197 and hit near term trend line resistance. With 4 hours MACD crossed below signal line, intraday outlook is turned neutral…

Nymex Crude Oil (CL) While intraday upside momentum in crude oil is not too convincing, further rise is still in favor with 68.16 minor support intact. Break of 73.16 will indicate that…

Nymex Crude Oil (CL) Crude oil’s rebound loses some steam ahead of 73.16 resistance but still, further rise is mildly in favor with 68.10 minor support intact. As discussed before, the corrective…

Nymex Crude Oil (CL) Crude oil’s strong rebound from 65.05 is still in progress and breaches 70 level. The impulsive look of the rebound dampens our bearish view and in turn argue…

Nymex Crude Oil (CL) Crude oil’s consolidation from 65.05 is still in progress and recovery might continue further. But upside is still expected to be limited well below 71.11 resistance an bring…

Nymex Crude Oil (CL) Break of 67.02 minor resistance indicates that an intraday low is in place at 65.05 and some consolidation could now be see. Nevertheless, recovery is expected to be…

Nymex Crude Oil (CL) Crude oil continues to hover in tight range above 65.23 support today and still, intraday bias remains mildly on the downside as long as 67.02 minor resistance holds….

Nymex Crude Oil (CL) Crude oil’s fall extends further to as low as 65.60 so far, inch above mentioned target of 65.23 cluster support (100% projection of 75.0 to 67.05 from 73.16…