Oil refuses to break
Oil just keeps falling and it breaks below the 37.00 level. Next support may be the 36.00 level and OPEC is not really doing anything to stop the drop.
fxstrategist:
Oil just keeps falling and it breaks below the 37.00 level. Next support may be the 36.00 level and OPEC is not really doing anything to stop the drop.
Oil just keeps falling and it breaks below the 37.00 level. Next support may be the 36.00 level and OPEC is not really doing anything to stop the drop.
But the gasoline is still rising 
It is ironic that as oil keeps dropping, gasoline keeps rising. conspiracy???
I'd buy at 34
fxstrategist:
It is ironic that as oil keeps dropping, gasoline keeps rising. conspiracy???
It is ironic that as oil keeps dropping, gasoline keeps rising. conspiracy???
No conspiracy. Greed
Oil at 34 last week!
Oil found some support at 34 but who knows how long that will last.
Nice breakout and pullback pattern on WTI oil around the 55 day EMA and the 37.000 level. The commodity may try to fall further.
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Oil has found a good support at the 41.24 level and it has formed what it appears to be a descending triangle or pennant on the daily chart. To the upside, the 44.00 could act as resistance, but if oil breaks to the downside, the 40.00 level could act as support.