The price of oil takes out the August low ($77.59) after failing to defend the opening range for November.
Crude Oil Outlook
The price of oil trades to a fresh monthly low ($77.47) after struggling to close back above the $82.10 (50% Fibonacci retracement) to $82.60 (23.6% Fibonacci extension) region, with the move below $77.80 (23.6% Fibonacci retracement) opening up the $75.60 (38.2% Fibonacci extension) region.
Next area of interest comes in around $70.00 (50% Fibonacci extension) to $70.60 (61.8% Fibonacci retracement), but the price of oil may attempt to track the flattening slope in the 50-Day SMA ($86.39) if it holds above the $75.60 (38.2% Fibonacci extension) region.
Need a move above the $82.10 (50% Fibonacci retracement) to $82.70 (23.6% Fibonacci extension) area to bring the monthly high ($83.60) on the radar, with the next region of interest coming in around $85.70 (38.2% Fibonacci extension) to $86.60 (38.2% Fibonacci retracement).
Crude Oil Outlook
The price of oil trades to a fresh monthly low ($77.47) after struggling to close back above the $82.10 (50% Fibonacci retracement) to $82.60 (23.6% Fibonacci extension) region, with the move below $77.80 (23.6% Fibonacci retracement) opening up the $75.60 (38.2% Fibonacci extension) region.
Next area of interest comes in around $70.00 (50% Fibonacci extension) to $70.60 (61.8% Fibonacci retracement), but the price of oil may attempt to track the flattening slope in the 50-Day SMA ($86.39) if it holds above the $75.60 (38.2% Fibonacci extension) region.
Need a move above the $82.10 (50% Fibonacci retracement) to $82.70 (23.6% Fibonacci extension) area to bring the monthly high ($83.60) on the radar, with the next region of interest coming in around $85.70 (38.2% Fibonacci extension) to $86.60 (38.2% Fibonacci retracement).
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.