Tag Archives: Crude Oil

Crude Oil Technical Analysis

The rally that dominated for the majority of last week came to an end on Tuesday

EUR/USD over 1.2715\25 would target at least 1.2656\65, but not if losing 1.2678 again…

German retail sales and French consumer spending figures are due for release thismorning.

The break and close above the previous $94.12 resistance level has confirmed a break of the long term

EURUSD: The upside correction attempt basically ended beforegetting started as selling ahead

n the euro area, the main event will be the release of preliminary Germanconsumer prices for September.

Once again the contract was unable to capitalize on a close above the 21-DMA ($92.53) with

EURUSD: The break, however non sustained, below 1.2740 was a veryimportant message

A light data calendar today. The only notable release is the second revision of US Q3GDP.

Once again the contract has not been able to capitalize on a close above the 21-DMA

EURUSD: The set up for the, so far elusive, upside correction remainsin place despite a fresh trend

In the euro area the main event today will be the release of money supply M3and credit data for August.