light crude oil Forecast

Light Crude Oil prices plunged below 50 yesterday as supply continues to remain in excess

Light Crude Oil prices continue to fall after candles broke below 51 last week forming a lower high

Light Crude Oil prices draw near Fibonacci Retracement 61.8% at 47.24 where traders await for exhaustion of the bearish trend

Crude Oil dips below 56.00 on concerns of supply glut

Crude Oil surges higher, climbing above 60.00.

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 retraces after establishing a support at 46.65 where resistance by the 55 EMA is observed

Light Crude Oil prices retraces after finding support at 49 and rises above 50.00 with prices depending heavily on U.S

Light Crude Oil prices retraces after prices fell last Friday and are expected to continue falling below 50

Light Crude Oil prices reverses at Fibonacci Retracement 61.8% at 47.24 and now finds resistance at 50.00

Light Crude Oil surged higher overnight on Middle East tensions, raising to the high at 58.30 as the escalation of a civil war in Yemen raised concerns about the security of supplies.

Crude Oil declined on low liquidity day.

Crude Oil turn lower and dropped on Wednesday halting a two-day rally despite data showing that oil supplies in the U.S. fell for the eighth consecutive week