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 Crude Oil Light Swee (CL.FUT) - Close: 45.17 (-1.95), Aug 3, 2015

Chart Technical Analysis Crude Oil Light Sweet (CL)

 Neutral -Medium term, Aug 3, 2015Analysis Explanation
Crude Oil Light Sweet is within a falling trend, which indicates a continued decline. The future has received a negative signal from the moving average indicator, thus signaling a continued fall. The future is testing the support at 44.00. This should give a positive reaction, but a downward breakthrough of 44.00 means a negative signal. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This weakens the falling trend and could be an early signal for a coming trend break. RSI is oversold. The future can still fall further, and we should see an increasing RSI before this is used as a positive signal. The future is overall assessed as technically neutral for the medium long term.

1 day-1.53%15.76-4.14%
5 days-14.264.84%14.78-4.68%
22 days5.0113.68%15.10-20.70%
66 days14.1432.83%16.12-22.89%
Trend -44%32.71 - 57.08
Moving average2015-07-28
Long Term Trading Range2015-07-01
Double Top Pattern2015-07-01
Short Term Trading Range2015-06-29
Double Bottom Pattern2015-04-15
Rectangle2014-07-11

 


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