From a technical perspective, the oil price has turned quite interesting since the start of a new trading month. The chart below shows the monthly rolling oil contract chart where June’s price action closed in a doji. It gains significance following three straight months of gains. The monthly Stochastics also shows the hidden bearish divergence currently playing out, as prices form a lower (June) high at $51.66 and the higher Stochastics while, the higher (May 2015) high at $62.51 and the subsequent lower high in the Stochs.
In the near term, oil prices could remain range bound within 48/49 and 44/45 levels.
www.tradingsignalreviews.com
In the near term, oil prices could remain range bound within 48/49 and 44/45 levels.
www.tradingsignalreviews.com
评论:
54.92 still holding
评论:
a break below 44.80-43.40 opens up the downside towards $35.xx and $30.xx
