Crude Oil Price Still Building Big-picture Base
WTI oil continues to build a broad base that could end up leading to an explosive move higher at some point in the not-too-distant future.
Source: dailyfx.com
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Top News In Oil Technical Today - Breaking & Trending Today
Crude Oil Price Forecast: China Virus Curbs Weigh on WTI, but Chart Shows Chance for Breakout
Crude oil prices are down over 6% this week as China increases virus-curbing measures after a surprise US stockpile build. A major US refinery is back online, but WTI’s chart shows a breakout chance.
Source: dailyfx.com
Crude Oil Price Primed for Explosive Move
WTI oil continues to get increasingly quieter and looks on the verge of breaking out; scenarios and levels to watch in the days ahead.
Source: dailyfx.com
Crude Oil Forecast: China Covid Woes Weigh on Prices as Traders Eye Inventory Data
Crude oil prices fell around 2% on Monday as lockdowns across China ramped up. Traders await inventory data from the EIA ahead of major macro data, including the FOMC rate decision and the US jobs report.
Source: dailyfx.com
Oil Price Forecast: WTI Rebounds into November- 90 Hurdle Awaits
Oil prices have rallied back above a key pivot zone with WTI now eyeing yearly downtrend resistance. Levels that matter on the WTI weekly technical chart.
Source: dailyfx.com