Crude Oil Price Forecast: Faces Resistance After Hitting Key ABCD Pattern Target
Weekly Bullish Signal Notice that the price level around today’s low may have some significance. It is near…
Crude Oil Price Forecast: Key Resistance Levels in Focus
Completing Inside Day of Rest Although an inside day shows consolidation, the day may end with a bullish…
Crude Oil Price Forecast: Breaks Higher, Weekly Chart Signals More Upside
Watching for Signs of Strength If signs of strength seen today are sustained, then crude oil should show…
Crude Oil Price Forecast: Failed Breakout Signals Weakness
Bull Breakout Fails A rally earlier in Tuesday’s trading session saw crude oil trigger a potential breakout of…
Crude Oil Price Forecast: Struggles at Key Support, Reversal Pattern Emerges
Long-Term Support Being Tested Recent support around $65.50 has some significance as it is near support from September…
Crude Oil Price Forecast: Crude Rebounds, but Key Resistance Levels Loom
Support Seen at Trendline Following a 15% Decline Potential support around that trendline was discussed previously as a…
Crude Oil Price Forecast: Struggles at 50-Day MA, Downtrend Still Intact
Potential for Lower Swing High Today’s high has the potential to retain the downtrend price structure with a…
Crude Oil Price Forecast: Crude Oil Bounces After Hitting New Correction Low of $70.59
Short Term Trend Remains Down Keep in mind that the short-term pattern in crude, since the January swing…
Crude Oil Price Forecast: Bearish Momentum Builds Amid Correction
Measured Move Targets $68.52 It is interesting to note that a falling measured move completes at $68.52. The…
Crude Oil Price Forecast: Rebounds After Hitting $71.22 Support Level
Intraday Rebound Recovers Key Levels The drop to a new retracement low of $71.22 earlier in Tuesday’s session…