The Crude Oil $cl Daily Chart has been on an Oscillator Buy signal for weeks but that is nearing Over Bought territory.
Price is still below hidden resistance which is acting as a magnet at this time.
$oih $uso $xle $xop $xom $cvn #energy #brent
Posted 18 September 2023 - 02:35 AM
The Crude Oil $cl Daily Chart has been on an Oscillator Buy signal for weeks but that is nearing Over Bought territory.
Price is still below hidden resistance which is acting as a magnet at this time.
$oih $uso $xle $xop $xom $cvn #energy #brent
Posted 18 September 2023 - 09:12 AM
Great to see you Mr Dev!
We would normally see some hesitation as price is now approaching last years highs.
Nymex crude oil prices are firmer, hit a 10-month high overnight, and trading around $91.25 a barrel.
The benchmark U.S. Treasury 10-year note yield is presently fetching 4.345%.
Wednesdays FED speak: "Strikes, dot plots, energy prices. How the Fed's inflation battle is getting tougher."
Most look for the FOMC to stand pat on U.S. monetary policy, but still sound a hawkish tone.
Edited by Rogerdodger, 18 September 2023 - 09:27 AM.
Posted 18 September 2023 - 11:11 AM
Hey there buddy. Nice to see you still here.
Posted 18 September 2023 - 03:19 PM
In six months the crude price will be cut in half when US gets into a recession or Russia war ends. ....................
Posted 18 September 2023 - 03:39 PM
In six months the crude price will be cut in half when US gets into a recession
I hope so...I think...
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Edited by Rogerdodger, 18 September 2023 - 04:36 PM.