West Texas Intermediate (WTI) US Crude Oil is trading up over a percent at $78.01 on Thursday.
Oil is in a short-term downtrend but is showing signs that could be early evidence of a reversal. Oil has formed a bullish Doji candlestick reversal pattern at the day’s lows which could hail a stronger recovery. A break above the major trendline would be required for confirmation – as things stand the downtrend remains intact. West Texas Intermediate US Crude Oil is trading up over a percent at $78.01 on Thursday.
00 it would be a sign that the short-term trend had reversed. A definitive break above the trendline would be one accompanied by a longer-than-average green candle that closed near its highs or three green candles in a row that broke above the trendline. Such a break would be expected to climb to a target at about $80.00, the resistance level of the May 20 lower high. The Moving Average Convergence Divergence momentum indicator is below the zero-line indicating a bearish environment.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Silver Price Analysis: Silver price forming a Bear Flag price patternSilver (XAG/USD) price may have formed a Bear Flag pattern on the 4-hour chart with negative implications for the precious metal’s price going forward.
Les mer »
Silver Price Analysis: Silver price could be forming a Bear Flag price patternSilver (XAG/USD) price may have formed a Bear Flag pattern on the 4-hour chart which bodes ill for the precious metal’s price going forward.
Les mer »
EUR/JPY Price Analysis: Bulls maintain momentum, potential short-term pullbacks on the horizonIn Monday's session, the EUR/JPY pair showed strong bullish momentum, registering a rise to 168.52, marking a favorable 0.45% shift.
Les mer »
Oil Price Analysis: Falling in a channel in the short-termOil price is trading higher, exchanging hands in the 79.50s at the time of writing on Friday, as it rises up within a falling channel.
Les mer »
Here’s How Low DOT’s Price Might Crash if $6 Support Fails (Polkadot Price Analysis)Crypto Blog
Les mer »
Bitcoin Price Analysis: BTC Paints Multiple Bullish Signals as Price Hovers Around $62KCrypto Blog
Les mer »