Thursday, November 21, 2024
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Crude Oil Technical Analysis

Oil Prices Stable $69 as Geopolitical Risks Soar

FxNews—WTI crude oil futures remained above the $66.8 critical resistance as the RSI divergence signal promised a rise in prices. This steady uptick in...

WTI Crude Dips to $68.5 as Norway Field Restarts

On Tuesday, WTI crude oil futures decreased to $68.5 per barrel after a 3.2% increase on Monday. The main reason for the price decline...
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Oil Downtrend Hits $66.8 Amid Global Surpluses

FxNews—The WTI crude oil price slightly increased today's trading session, peaking at $68.3. This small rise was mainly due...

Crude Oil Stays Below Key $69.7 as Supply Fears Mount

FxNews—WTI crude oil prices remained below the $69.7 resistance, the October 24 low. The recent decline in oil prices...

Oil Slides to $67 After Testing Bearish Gap

FxNews—Crude Oil began its downtrend after the price tested the Bearish Fail Value Gap area at approximately $69. The...

Oil Slips Under $68 with China Economic Action on Hold

FxNews—On Tuesday, WTI crude oil futures fell below $68 per barrel, continuing a two-day decline driven by weak demand...

Crude Oil Dips to $72.7 as China’s Imports Decline

FxNews—WTI crude oil futures dipped below $72.2 per barrel on Friday, though they are set to post a weekly...

Crude Oil Forms Bearish Pattern with $69.7 Target in Sight

FxNews—Crude oil formed a bearish engulfing candlestick pattern after the price failed to surpass the $72.25 resistance. Meanwhile, the...