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Sergey Golubev, 2017.06.28 08:29
Crude Oil - daily ranging bearish; 44.34 is the key (based on the article)
Daily price is located below Ichimoku cloud in the bearish area of the chart. The price is on ranging within 44.34 support and 47.73 resistance:
Sergey Golubev, 2017.06.28 19:06
Currency/pairs correlated with Brent Crude Oil (based on the article)
Download Currency Correlation indicator for free here
Sergey Golubev, 2017.06.29 10:05
West Texas Intermediate Crude Oil (WTI) - ranging bearish; 42.03 is the key (based on the article)
Weekly price is located inside Ichimoku cloud to be ranging near and above Senkou Span line and 42.03 support level which are the virtual border beeen the primary bearish and the primary bullish trend on the chart. if the price breaks 42.03 support level to below on close weekly bar so the bearish reversal will be started, otherwise - ranging bearish to be inside the cloud.
Just some continuation related to CAD with Oil:
Sergey Golubev, 2017.07.01 13:19
Weekly Fundamental Forecast for Brent Crude Oil (based on the article)
Brent Crude Oil - "The EIA’s monthly update showed U.S. production narrowed to 9.08M b/d from 9.1M b/din March, with the slowdown led by a 5.8% contraction in the Gulf of Mexico. The recent downtick in U.S. output may keep oil afloat in July, but a broader look at the data set instills a long-term bearish outlook for energy prices especially as the Organization of the Petroleum Exporting Countries (OPEC) remains unwilling to implement deeper production cuts."
Sergey Golubev, 2017.07.08 17:15
Weekly Fundamental Forecast for Crude Oil (based on the article)
Crude Oil - "US crude oil continues to fall, and is likely to fall further, as shale companies continue to increase production to near-record levels. After rallying sharply on Thursday on news of a larger-than-expected drawdown in oil inventories, US crude gave back all of its gains and currently trades at a two-week low around $44.51/brl. Crude is also nearly $3 lower than Wednesdays high of $47.35/brl."
Sergey Golubev, 2017.07.12 07:55
Crude Oil - daily rally; 49.15 is the key (based on the article)
Brent Crude Oil price on daily chart is on the local uptrend as the secondary rally to be started by 48.28 resistance level breaking to above with 49.15/50.70 resistance bullish reversal level; as the nearest daily targets.
Sergey Golubev, 2017.07.13 08:52
Crude Oil - ranging bearish; 49.88/50.72/51.66 resistance levels are the keys (based on the article)
Daily price is on bearish ranging within the following support/resistance levels:
Descending triangle pattern was formed by the price to be crossed to below for the bearish trend to be continuing.
Most likely scenario for the daily price movement in the near future: ranging
Sergey Golubev, 2017.07.16 10:26
Crude Oil - "While Crude Oil rose this week to the tune of ~5%, there were other factors that caught the attention of investors like the surprisingly weak US CPI on Friday, which shows how difficult of a job the Fed has a head of themselves. It is important to note that a key component of inflation is energy, but we could may still be a respectable distance away from seeing crude put upside pressure on inflation measures."
Sergey Golubev, 2017.07.20 10:15
Brent Crude Oil - bear market rally to the daily bullish reversal; 49.88 is the key (based on the article)
Daily price is on bear market rally by Senkou Span line of Ichimoku indicator to be testing for the reversal to the primary bullish market condition. If the price breaks ascending triangle pattern to above together with 49.88 resistance level on daily close bar so the bullish reversal will be started with 54.64 nearest level as the daily re-enter target; ottherwise - ranging bearish within the levels.