Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: US Oil trades in narrow range, awaits API weekly crude supplies data

  • US Oil trades in narrow range, retraces from highs of 66.66 hit on Monday.
     
  • Cautious trading is likely to extend ahead of the US-China trade talks.
     
  • Price action remains capped at 5-DMA at 65.58. Bears likely target 20-DMA at 64.75.
     
  • Technical indicators are also biased lower. Momentum indicators are biased lower.
     
  • Break below 200-DMA will see further weakness. Scope then for test of 38.2% Fib at 62.57.
     
  • The US API crude stockpiles data will be closely eyed for further direction.

Support levels - 65, 64.75 (200-DMA), 62.57 (38.2% Fib)

Resistance levels - 65.57 (5-DMA), 67.13 (110-EMA), 67.33 (21-EMA)

FxWirePro Currency Strength Index: FxWirePro's Hourly USD Spot Index was at 27.0931 (Neutral) at 1100 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

September 25 14:30 UTC Released

USTexas Serv Sect Outlook

Actual

25.6 bln

Forecast

Previous

21.5 bln

September 25 14:30 UTC Released

USDallas Fed Services Revenues

Actual

26.9 %

Forecast

Previous

21.5 %

January 31 00:00 UTC 342324342324m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 342324342324m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 354144354144m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 342324342324m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 354144354144m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 342324342324m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 342324342324m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 342324342324m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.