30/01/15 Light Crude Oil prices continue to remain just below 45


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 prices continue to remain just below 45. Although stochastic oscillator hooks above and away from the oversold region, candles continue to remain within the price region just above 44. It is observed that prices refuse to hold below 44 and volatility is low.

 

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

Candles were observed to have minimal movements after they refused to hold below 44. With the trading week coming to an end, volatility is bound to be lower and we can expect prices to close within the range of 44 and 45 today.

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Trend Direction
S2
S1
R1
R2
 R3
Bearish 44.00 44.41 45.00 46.40  46.90

 

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