WTI crude oil flat yesterday, closed at $69.5 while in the midst of a bearish run

WTI crude oil flat yesterday, closed at $69.5 while in the midst of a bearish run

While on a 3 day downtrend With a marginal improvement upon yesterday's session, WTI crude ended the session around the $69.5 per barrel level today, after Thursday's 1 cents decline and close at $69.51.

Uncertainty around US crude oil is reflected by published market data as United States Services PMI released yesterday at 13:45 UTC with a figure of 54.1, while the previous figure was 54.9. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 166,500, while the previous figure was 155,100. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 163,000, while the previous figure was 160,200.

The MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions. Having stamped out a session range of $67.35 to $69.65, Fibonacci-inclined WTI crude traders were highly concentrated around active Fibonacci support at $68.25. On the other hand, note that US crude oil's upper Bollinger Band® is at $73.77 and the lower is $67.75. After reaching the $67.96 support zone, WTI crude bounced and climbed $1.54 above it.

According to technical indicators, US crude oil is positioned for a downward move in the short term.

While West Texas crude was pretty flat yesterday, mixed performances were seen elsewhere as Natural Gas rises 4.72% yesterday and closed at $2.61. Heating Oil slides down 1.85% yesterday and closed at $2.47.

US crude oil is up 3.36% from the significant low of $67.25 it hit 12 days ago.

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Stagnant West Texas crude mostly flat, trades at $69.79

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Stagnant West Texas crude mostly flat, trades at $69.79

پشتیبانی صمیمی، حرفه ای و شبانه روزی

Stagnant West Texas crude mostly flat, trades at $69.79

محیط معاملاتی قابل اعتماد

Stagnant West Texas crude mostly flat, trades at $69.79

اهرم معاملاتی انعطاف پذیر تا 1:1000

Stagnant West Texas crude mostly flat, trades at $69.79

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Stagnant West Texas crude mostly flat, trades at $69.79

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