Tag Archives: Crude Oil

Crude Oil Technical Analysis

After having recently struggled to overcome the 21 & 55-DMAs bulls

Euro-area retail sales are expected to have continued to increase in

J15 remains capped by 21 & 55-DMAs with layers of resistance noted

Today’s calendar is very light. In Germany retail sales for January will be

J15 remains capped by 21 & 55-DMAs with layers of resistance noted

In the euro area the preliminary German consumer prices released

This morning, Germany, Spain and Italy release their first estimates for February inflation.

Recent flirtations with the 21-DMA ($50.89) and failures ahead of

Euro money supply and lending figures.

Bulls take a little comfort following the bounce from the $47.47-48.20 and

US new home sales is the only number of interest today, a very quiet day on the data front.

Following on from the recent close below the 21-DMA ($50.57) the contract