Crude is firmly anchored to overall risk appetite trends, with the correlation between the WTI contract and the S&P 500 at the highest in nine months (0.78).
Crude is firmly anchored to overall risk appetite trends, with the correlation between the WTI contract and the S&P 500 at the highest in nine months (0.78).
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Crude oil down to the lowest level in five last week because of fears that the economy is shaky and will prevent fuel demand in the United States. as is well known that the U.S. is the world's largest oil consumer.
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vijay malliya ne bola tha 2 month pehle ki oil 80 touch hone wala hai, aur maine 100 me sell bhi kiya tha par itna patienet nahi tha ki ruku aur 95 me close kar diya
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It shows the fall of oil prices mainly during June, the upward trend during the first week of July and stability of oil prices since then with a moderate downward trend.
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we have reached 83.00 important level, and due to the heavy selloff that occured lately without any noticeable pullbacks, we expect an intraday pullback before resuming the major downside move.
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oil prices fell last week amid the huge uncertainty that continued to surround markets, where slowing economic activities in the United States sparked concerns the worlds largest economy is on its way to a double dip recession
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Crude oil prices rose more than $ 1 on Monday, after United States President, Barack Obama said that Congress leaders had agreed to raise the loan limit and prevent debt default by the largest oil consumer in the world.
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Penetrating below this level will likely result in a reduction to the level of USD 81.07/bbl. Looks very strong bearish bias even daily Stochastic and CCI has been in the area saturated sell. However, if it appears bullish signals from them and the price is above 84.33, then it is possible to pullback to the resistance at 89.59.
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Crude oil prices continue to fall according to the estimates and the time of writing this article is testing the support at 84.33. Penetrating below this level will likely result in a reduction to the level of USD 81.07/bbl. Looks very strong bearish bias even daily Stochastic and CCI has been in the area saturated sell
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
we have reached 85.00 important level, and due to the heavy selloff that occured lately without any noticeable pullbacks, we expect an intraday pullback before resuming the major downside move.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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