Search results
Results from the WOW.Com Content Network
Prices for West Texas intermediate and Brent crude oil prices sank Wednesday afternoon after a Ukrainian foreign policy aide to President Volodymyr Zelenskiy said the country was "ready for a ...
Based on the current price at $69.01, the direction of the October WTI crude oil market today is likely to be determined by trader reaction to the Fib level at $68.46. A sustained move over $68.46 ...
In energy markets, crude oil futures were off more than 8% to trade below $96 a barrel as commodities remain under pressure amid investor fears of a global recession.
Based on the early price action and the current price at $24.03, the direction of the May WTI crude oil market on Wednesday is likely to be determined by trader reaction to the pivot at $24.50.
Taking out $57.81 then closing lower for the session will form a closing price reversal top. This could trigger a 2 to 3 day correction with an eventual break into at least $54.72.
Look for an upside bias to develop on a sustained move over $79.29 and for the downside bias to resume on a sustained move under $78.09.
Based on the recent price action, the direction of the November WTI crude oil futures contract for the week is likely to be determined by trader reaction to the Fibonacci level at $70.86.
Based on the early price action, the direction of the October WTI crude oil market is likely to be determined by trader reaction to the main 50% level at $66.95.