Crude Oil Technicals

[Syed]

10.05.2014

Crude Oil Technicals

Moving Averages:

10 Day Simple Moving Average at 99.970 is giving a Buy signal
20 Day Simple Moving Average at 101.140 is giving a Sell signal

100 Day Simple Moving Average at 100.000 is giving a Buy signal
200 Day Simple Moving Average at 98.980 is giving a Buy signal

Relative Strength Index:

RSI (14 Days) stands at 44.078, sending Sell signal.

Support and Resistance:

Classic Pivot is at 100.360

Support: 98.810, 99.34, 99.830

Resistance: 100.840, 101.38, 101.860

[Syed]

13.05.2014

Crude Oil Technicals

Moving Averages:

10 Day Simple Moving Average at 100.000 is giving a Buy signal
20 Day Simple Moving Average at 100.740 is giving a Sell signal

100 Day Simple Moving Average at 100.160 is giving a Buy signal
200 Day Simple Moving Average at 98.920 is giving a Buy signal

Relative Strength Index:

RSI (14 Days) stands at 47.882, sending Neutral signal.

Support and Resistance:

Classic Pivot is at 100.020

Support: 99.810, 99.88, 99.960

Resistance: 100.100, 100.16, 100.250

[ALex]

Oil breaks above 102.15 and trade at 3-week highs

The US oil is trading to the upside on Wednesday amid Ukraine worries. Crude rose from 101.90 to break above the previous highs of 102.15 and to reach fresh highs since April 22 at 102.35.
The WTI is currently pricing at 102.20 ahead of US crude inventories data; market is expecting that inventories continued with its decline as summer session is arriving.
Above the 102.35, the commodity would face resistances at 103.00 ahead of 103.75. On the downside, supports are at 101.85, 101.40 and 101.00.

[Syed]

14.05.2014

Crude Oil Technicals

Moving Averages:

10 Day Simple Moving Average at 102.240 is giving a Sell signal
20 Day Simple Moving Average at 102.120 is giving a Buy signal

100 Day Simple Moving Average at 100.930 is giving a Buy signal
200 Day Simple Moving Average at 100.470 is giving a Buy signal

Relative Strength Index:

RSI (14 Days) stands at 56.618, sending Buy signal.

Support and Resistance:

Classic Pivot is at 102.290

Support: 101.520, 101.83, 101.980

Resistance: 102.450, 102.75, 102.910

[Syed]

15.05.2014

Crude Oil Technicals

Moving Averages:

10 Day Simple Moving Average at 100.630 is giving a Buy signal
20 Day Simple Moving Average at 100.570 is giving a Buy signal

100 Day Simple Moving Average at 100.380 is giving a Buy signal
200 Day Simple Moving Average at 98.870 is giving a Buy signal

Relative Strength Index:

RSI (14 Days) stands at 53.939, sending Neutral signal.

Support and Resistance:

Classic Pivot is at 102.170

Support: 100.920, 101.39, 101.700

Resistance: 102.480, 102.95, 103.250

[Syed]

16.05.2014

Crude Oil Technicals

Moving Averages:

10 Day Simple Moving Average at 100.650 is giving a Buy signal
20 Day Simple Moving Average at 100.580 is giving a Buy signal

100 Day Simple Moving Average at 100.380 is giving a Buy signal
200 Day Simple Moving Average at 98.870 is giving a Buy signal

Relative Strength Index:

RSI (14 Days) stands at 54.971, sending Neutral signal.

Support and Resistance:

Classic Pivot is at 102.170

Support: 100.920, 101.39, 101.700

Resistance: 102.480, 102.95, 103.250

[Syed]

17.05.2014

Crude Oil Technicals

Moving Averages:

10 Day Simple Moving Average at 100.920 is giving a Buy signal
20 Day Simple Moving Average at 100.610 is giving a Buy signal

100 Day Simple Moving Average at 100.460 is giving a Buy signal
200 Day Simple Moving Average at 98.870 is giving a Buy signal

Relative Strength Index:

RSI (14 Days) stands at 58.079, sending Buy signal.

Support and Resistance:

Classic Pivot is at 101.720

Support: 100.230, 100.75, 101.190

Resistance: 102.160, 102.69, 103.120

[Syed]

21.05.2014

Crude Oil Technicals

Moving Averages:

10 Day Simple Moving Average at 101.090 is giving a Buy signal
20 Day Simple Moving Average at 100.590 is giving a Buy signal

100 Day Simple Moving Average at 99.590 is giving a Buy signal
200 Day Simple Moving Average at 100.140 is giving a Buy signal

Relative Strength Index:

RSI (14 Days) stands at 60.905, sending Buy signal.

Support and Resistance:

Classic Pivot is at 102.040

Support: 100.710, 101.14, 101.610

Resistance: 102.520, 102.95, 103.420

[Syed]

22.05.2014

Crude Oil Technicals

Moving Averages:

10 Day Simple Moving Average at 101.940 is giving a Buy signal
20 Day Simple Moving Average at 100.760 is giving a Buy signal

100 Day Simple Moving Average at 99.710 is giving a Buy signal
200 Day Simple Moving Average at 100.100 is giving a Buy signal

Relative Strength Index:

RSI (14 Days) stands at 64.688, sending Buy signal.

Support and Resistance:

Classic Pivot is at 103.710

Support: 101.620, 102.20, 103.130

Resistance: 104.640, 105.22, 106.150

[Syed]

23.05.2014

Crude Oil Technicals

Moving Averages:

10 Day Simple Moving Average at 102.210 is giving a Buy signal
20 Day Simple Moving Average at 100.900 is giving a Buy signal

100 Day Simple Moving Average at 99.730 is giving a Buy signal
200 Day Simple Moving Average at 100.110 is giving a Buy signal

Relative Strength Index:

RSI (14 Days) stands at 65.843, sending Buy signal.

Support and Resistance:

Classic Pivot is at 103.840

Support: 102.790, 103.17, 103.460

Resistance: 104.130, 104.51, 104.800