Release of the API and EAI reports on the 16th and 17th of july 2019 respectively did not have much of an impact on market price
However oil seems to be trending well below the 200EMA at the moment
Spotting bearish divergence on the 4HR chart.
I'm of the opinion that prices will make another lower high breaking this OB support and test the $53 price region
CL oil is traded in an important price range from which I expect to go up to level 59.5.
At 59.5 there is a resistance level where it is necessary to fix fully or partially long.
It is necessary to note an important support level of 56.7-56.3, if the price breaks down and consolidates below it, it is necessary to consider the violation of the uptrend and the...
The LIGHT.CMD pair has been moving in a descending channel since the commodity price reversed from its upper boundary at 76.88.
As shown on the chart, the Light crude oil is testing the weekly pivot point and the 50-hour simple moving average at 52.81 during the morning hours of today’s session.
If this resistance level holds, it is expected that the...