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 Crude Oil Light Swee (CL.FUT) - Close: 49.71 (+1.09), May 25, 2016

Chart Technical Analysis Crude Oil Light Sweet (CL)

rsi chart
 Positive Candidate -Short term, May 25, 2016Analysis Explanation
Crude Oil Light Sweet has fallen back towards the floor of the rising trend channel. A continued rise may be expected and the current price level may be a good entry price. The future has support at 43.40. Positive volume balance, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the future in the short term. RSI is overbought. This shows that the momentum of The future is strong and that the price may well rise further in the short term. We should see a decline in the RSI chart before this is seen as a negative signal. The future is overall assessed as technically positive for the short term.

1 day-2.43%26.51+2.24%
5 days80.417.92%15.23+3.80%
22 days30.7922.36%23.98+15.63%
66 days22.0148.29%20.16+57.91%
Trend 635%47.81 - 59.41

 


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