Nymex Crude Oil (CL) Crude oil’s rebound from 65.05 extended further to as high as 69.93 last week and the strength of the rebound mixed up the near term outlook. With 4…
Tag: crude oil weekly technical outlook
Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil dived sharply to as low as 65.05 last week after breaking medium term trend line support decisively. The development affirms the case that crude oil has…
Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Despite rebounding to 73.16 last week, there was no clear direction in crude oil yet and it’s still staying in established range below 75.0 high. Initial outlook remain…
Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil’s recovery was limited at 72.90 last week and reversed to fall sharply on Friday. Break of 68.96 minor support indicates that such recovery is merely a…
Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil dropped further to as low as 67.43 last week before turning sideway. Initial bias is neutral this week and some sideway trading might be seen. Nevertheless,…