1 0 Tag Archives: crude oil
post icon

Crude Oil Sold on US Jobs Disappointment, Gold Watching for QE3 Clues – DailyFx

A break below this boundary exposes the rising trend line support set from mid-December, now at 99.97. Daily Chart – Created Using FXCM Marketscope 2.0 Spot Gold (NY Close): $1636.43 // +5.20 // +0.32% Prices broke back above the 38.2%Fibonacci …

Read full story »
post icon

US Dollar Working to Rebuild Upside Momentum, S&P 500 Endging Higher – DailyFx

A break above this juncture initially targets the 1421.40. The 1411.10 level has been recast as near-term support. 4hr Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Last week, prices completed a Descending Triangle chart pattern with …

Read full story »
post icon

Gold Flat, Crude Oil Cautiously Higher Before US Jobs Report – DailyFx

The 23.6% Fib has been recast as near-term support. Daily Chart – Created Using FXCM Marketscope 2.0 Prices are recovering from support in the 1662.10-167.05 region, with the bulls aiming to challenge 1719.76 from here. A break above this …

Read full story »
March 9, 2012
post icon

Crude Oil 4hr outlook – 07 March – CountingPips.com

The initial recent decline was started by a strong bearish pin bar reversal as seen in the below chart. 2 bearish Hikkake’s can also be seen strengthening our short term bearish outlook. A bearish flag pattern has also started to form on the …

Read full story »
post icon

S&P 500, US Dollar Flirt With Trend-Defining Technical Levels – DailyFx

Alternatively, a sustained push higher targets the 1400 figure.” Daily Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Unchanged from yesterday: “Prices are testing key support at 105.82, the 23.6% Fibonacci retracement level …

Read full story »
March 6, 2012
post icon

Crude Oil, Metals Likely to Rise if US Jobs Data Stokes QE3 Bets – DailyFx

The 1746.10 level has been recast as near-term support, with a break back below that exposing 1720.38. Daily Chart – Created Using FXCM Marketscope 2.0 Silver is expected to mirror’s gold’s response to the US Employment report, treating the …

Read full story »
February 3, 2012
post icon

S&P 500 Bounce Appears Corrective So Far, Weakness Favored Ahead – DailyFx

A break above the January 26 high at 1334.40 is needed to overturn near-term bearish cues. 8hr Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – After a month of standstill, prices appear to have finally made a directional break with a …

Read full story »
February 2, 2012
post icon

US Dollar Technical Setup Hints Recovery Ahead, S&P 500 Aims Lower – DailyFx

Initial support lines up at in the 1299.10-1293.30 region. Channel resistance is now at 1328.10. Daily Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Positioning is broadly unchanged from yesterday: Prices continue to consolidate above …

Read full story »
January 25, 2012
post icon

S&P 500 Rally Fails to Break Key Resistance, Double Top Still Possible – DailyFx

Initial support stands at 1265.30, while a daily close above 1292.90 exposes 1305.40. Daily Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Unchanged from yesterday: “Prices remain locked between support at 101.28 and resistance at …

Read full story »
post icon

First Solar’s murky future – MarketWatch

First Solar's murky futureMarketWatchGasoline demand is at its lowest since the 1990s, so why does a barrel of domestic crude oil cost around $100? Christian Berthelsen explains why on Markets Hub. Photo:AP This time, First Solar is blaming Europe….

Read full story »
December 14, 2011