20/11/14 Light Crude Oil recovers losses even as inventories are highest in 3 weeks


CL, futures, commodity, commodities, oil, light crude, crude oil price, crude oil forecast, crude oil outlook, Crude Oil analysis, Crude Oil technical analysis, Crude Oil outlook, Crude Oil price, Light Crude Oil analysis, Light Crude Oil forecast, Light Crude Oil outlook, Light Crude Oil price, Light Crude Oil technical analysis, Light Crude Oil analysis, Light Crude Oil forecast, OPEC, Saudi Arabia, ARAMCO Light Crude Oil gains in the beginning of the day before giving back gains after the FOMC meeting minutes announcement

CL, futures, commodity, commodities, oil, light crude, crude oil price, crude oil forecast, crude oil outlook, Crude Oil analysis, Crude Oil technical analysis, Crude Oil outlook, Crude Oil price, Light Crude Oil analysis, Light Crude Oil forecast, Light Crude Oil outlook, Light Crude Oil price, Light Crude Oil technical analysis, Light Crude Oil analysis, Light Crude Oil forecast, OPEC, Saudi Arabia, ARAMCO Downtrend channel remains as $76 is seen holding as resistance as downward sloping moving averages continue its slide

CL, futures, commodity, commodities, oil, light crude, crude oil price, crude oil forecast, crude oil outlook, Crude Oil analysis, Crude Oil technical analysis, Crude Oil outlook, Crude Oil price, Light Crude Oil analysis, Light Crude Oil forecast, Light Crude Oil outlook, Light Crude Oil price, Light Crude Oil technical analysis, Light Crude Oil analysis, Light Crude Oil forecast, OPEC, Saudi Arabia, ARAMCO Breaking below 161.8% of the downtrend Fibonacci Expansion will see $73 reattained as dollar strengthens

Light Crude Oil bottomed out at $74 before the FOMC meeting minutes and returned to $75 resistance, similar to the retracement just the day before during the U.S session. MACD resumes its course after its retracement in the bearish zone as $73 looks likely this week again.

 

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Slight Bearish717374.327575.5 76.427575.6 71

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