Latest Light Crude Oil Analysis News
Broker of the month
CLH5 finds its support at 46.65 and a temporary correction is expected for the day before a continuation of down trend occurs
Light Crude Oil prices continue to fall after candles broke below 51 last week forming a lower high
Crude Oil dips below 56.00 on concerns of supply glut
Light Crude Oil prices continue to range within the ascending triangle observed on the daily chart with the resistance price at 61.36
Light Crude Oil prices find support at 48.32 after breaking above 50 yesterday with candles retracing quickly back below 50
Light Crude Oil prices find exhaustion at Fibonacci Expansion 127.2% at 48.43 and retraces back to initial resistance at 47.28
Crude Oil struggle for direction as price remains weak. Crude oil price shows weak trading ovenright and hovers around the 120 days EMA with trading confined
Crude Oil steadied on Tuesday, recovering from 6 months low.
