Tag Archives: Crude Oil

Crude Oil Technical Analysis

Monday’s sharp reversal lower from ahead of the 21-DMA reconfirmed bearish bias and

It is a very quiet day on the data front with most important news coming out ofSweden.

Monday’s sharp reversal lower from ahead of the 21-DMA reconfirms the bearish bias and

EURUSD: As per Tue, specs added more to net euro shorts (& added to aggregated net dollar longs).

The main release will be the Fed’s Labour Market Conditions Index that it beganpublishing last month.

Layers of resistance remain $79.44-84.08 with bulls needing a close above $79.44 to ease bearish pressure.

In the US we expect another strong labour market report for October thisafternoon,

Layers of resistance remain $79.44-84.08 with bulls now needing a close above $79.44 to ease bearish pressure.

EUR/USD is possibly forming a bearish “Triangle”. Watch both 1.2455 & 1.2605\14…

We expect the ECB to remain in wait-and-see mode at today’s meeting, as the impactof the latest easing measures is assessed.

Bulls take some comfort in the bounce from ahead of the recent 2014 low and

EUR/USD is possibly testing resistance near 1.26 before down again…