DAX ®12.592,35-0,06%TecDAX ®2.400,72+0,53%Dow Jones22.349,59-0,04%NASDAQ 1005.932,32-0,04%
finanztreff.de

WTI Crude Oil Develops Flag Formation

| Quelle: JFD_RESEARCH_TECHNICAL_ANALYSIS

The tendency in the WTI crude oil is still downtrend and perhaps the market participants have already started to pay more attention to the issues and rumors related with oversupply. WTI is forming technical “flag” formation and a break below $51.55 per barrel will confirm the model. In the short-term period, we expect that the downtrend will continue accelerating and potentially the levels from current market price may offer good opportunities for new sales with initial target at $50.70. In the next few days, we may even see more decrease towards $50.00 per barrel. However, the down way movement may be not with such clean movement, but with a lot of market noise and sharp movements.

The price is below the 50, 100 and 200 SMA which is a strong signal for a new possible decline. MACD is below zero line and shows a signal for divergence, but in order to be more significant would be good to have additional confirmation. RSI rebounded from 50 level and declined down to 41.32 signaling for new possible sell-offs. On the other hand, an alternative scenario is WTI to keep trading in strong downtrend channel and only a price breaking over $55.10 per barrel may bring some bullish momentum and sentiment directed towards the key level $56.60.

WTICrudeH1_11012017.png

  • Technical Analysis
  • WTICrude
    b.nicodemou@jfdbrokers.com (Barbara NICODEMOU)


    https://www.jfdbrokers.com/jfd-research/technical-analysis/commodites-metals-ta/wti-crude-oil-develops-flag-formation.html
    Werbung
    Werbung

    Länderüberblick

    zu Länder & Regionen
    Werbung
    Baufinanzierung bei der Degussa Bank |Bid & Ask Newsletter kostenlos lesen! |Das ATB Tagesgeldkonto - Transparenz für Ihr Geld
    Jetzt Wünsche erfüllen mit dem PrivatKredit der Degussa Bank.
    Werbung

    Werbung
    schliessen
    Börse Stuttgart Anlegerclubschliessen

    The rise of Tiger and Dragon:
    Die besten Aktien aus China!

    Erfahren Sie im neuen Anlegermagazin, bei welchen chinesischen Aktien vielversprechende Zukunftsaussichten bestehen und warum.

    Jetzt kostenlos Mitglied werden
    Diese Seite empfehlenschliessen
    Interessant, oder?
    Teilen Sie diese Seite auf Facebook, Google+ oder Twitter
    Aktuelle Umfrageschliessen
    Wie, glauben Sie, wird der DAX am Ende dieser Woche - KW 39 - stehen?
    Jetzt abstimmen!
    Alle Umfragen ansehen