Select Page

Get More Power Over Your Trading With Less Hassle

FXTechstrategy delivers powerful buy/sell trade ideas with stop losses, price targets and super-easy analysis to help you improve your results

CRUDE OIL: The 34.78/26 Resistance Zone Turns Off The Bulls

CRUDE OIL: Having the commodity failed to sustain its Thursday price momentum to close lower on a rejection candle on Friday, it faces the risk of further move lower. On the downside, support resides at the 32.00 level where a break will expose the 31.00 level. A cut through here will set the stage for a run at the 30.00 level. Further down, support resides at the 29.00 level. Its downside pressure has turned lower suggesting further weakness. On the upside, resistance resides at the 33.00 level. Further out, resistance comes in at the 34.00 level. A break above here will aim at the 35.00 level and then the 35.00 level followed by the 36.00 level. All in all, CRUDE OIL’s broader bias remains lower medium term.

CRUDE OIL: The 34.78/26 Resistance Zone Turns Off The Bulls

GET MORE POWER OVER YOUR TRADING WITH LESS HASSLE

The Award-Winning Analysis Solution for Forex & Commoditidy Traders

Your trading, made easier

R
Get 15+ super-easy trade ideas with powerful daily analysis and easy-to-understand strategy eBook
R
Stay on top of every move with price action to help you make easier, faster, and more accurate trading decisions.
R
Whether your strategy is for day trading or swing trading FXTechstrategy analysis fits in seamlessly with no hassles.

See Plans and Get Started