Tag Archives: Crude Oil

Crude Oil Technical Analysis

The $96.00-78 region remains key resistance with Wednesday’s aggressive bounce confirming

EURUSD: EUR/USD should give something back. Correctively target 1.3145\53 before down.

Euro-area service PMIs are due for release and focus will be on the first figure forSpain and Italy.

After finally managing a close above the 21-DMA Monday V14 corrected sharply lower Tuesday before

EURUSD: Price action may have muted yesterday, but direction remains quite clear.

Focus will be on the US ISM report. Last month’s report came out very strong,reaching a three-year high level of 57.1.

The sequence of higher daily lows last week resulted in a close well above the 21-DMA Friday

EURUSD: With the Thu/Fri bounce occurring in a clear three wavecorrective manner a new trend low

Focus will be on European and Asian data with the US closed for Labour Day.

The sequence of higher daily lows last week resulted in a close well above the 21-DMA Friday

U.S. Review Data Details Show Economy Continues to Firm • Second quarter GDP was revised higher to a 4.2 percent annualized rate,

EURUSD: Yesterday’s initial attempt higher stalled already at 1.3222,