NYMEX Crude Oil Technical Analysis: Recent lying higher, resistance level at $94.44
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Last Update: 2020-07-02
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Source: Internet
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Author: User
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, May 16 (May 16) Asian market early, NYMEX June crude oil futures slightly higher after the shock downwards, currently trading above $94 per barrelMgW
NyMEX crude futures are expected to be traded in higher ranges in the near term, dow jones technical analysts saidThe signals from the daily chart are mixed, the MACD indicator narrows, the stochastic indicator is lower in the overbought area, but on Wednesday (May 15) a bullish cone pattern was formedMgW
The analyst noted that NYMEX crude oil resistance level sits at $94.44 a barrel, with a post-break target of $95.66 per barrel (Tuesday's high), $95.81 (Monday high), $96.24 (Friday high), $96.77 per barrel (last Thursday and Wednesday high), $97.17/barrel (May 6 high) and $97.80/barrel (April 1 high)Support at $92.13/barrel, the fall will reverse the recent bullish pattern, with targets below $90.65/barrel (May 2 low), $90.11/barrel (May 1 low), $89.21/barrel (April 24) and $87.55/barrel (April 22 low)MgW
NYMEX June crude futures were down 0.23 percent at $94.17 a barrel at 8:40 a.p.mMgW, May 16 (May 16) Asian market early, NYMEX June crude oil futures slightly higher after the shock downwards, is currently trading above $94 per barrelMgW
NyMEX crude futures are expected to be traded in higher ranges in the near term, dow jones technical analysts said The signals from the daily chart are mixed, the MACD indicator narrows, the stochastic indicator is lower in the overbought area, but on Wednesday (May 15) a bullish cone pattern was formed MgW
The analyst noted that NYMEX crude oil resistance level sits at $94.44 a barrel, with a post-break target of $95.66 per barrel (Tuesday's high), $95.81 (Monday high), $96.24 (Friday high), $96.77 per barrel (last Thursday and Wednesday high), $97.17/barrel (May 6 high) and $97.80/barrel (April 1 high) Support at $92.13/barrel, the fall will reverse the recent bullish pattern, with targets below $90.65/barrel (May 2 low), $90.11/barrel (May 1 low), $89.21/barrel (April 24) and $87.55/barrel (April 22 low) MgW
NYMEX June crude futures were down 0.23 percent at $94.17 a barrel at 8:40 a.p.m MgW
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