{"id":76259,"date":"2015-08-03T23:14:35","date_gmt":"2015-08-04T03:14:35","guid":{"rendered":"http:\/\/countingpips.com\/?p=76259"},"modified":"2015-08-03T23:15:54","modified_gmt":"2015-08-04T03:15:54","slug":"commodity-technical-outlook-on-crude-oil-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/08\/commodity-technical-outlook-on-crude-oil-2\/","title":{"rendered":"Commodity Technical Outlook On CRUDE OIL"},"content":{"rendered":"<div id=\"inves-716309607\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 3, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>CRUDE OIL: Extends Weakness, Eyes Further Downside Pressure<\/p>\n<p>CRUDE OIL: With outlook for the commodity continuing to point lower, further weakness remains on the cards. This development leaves Crude Oil targeting support located at the 45.00 level where a break will expose the 44.00 level. A break below here will aim at the 43.00 level and then the 42.00 level. Below here will open the door for a run at the 41.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance resides at the 46.00 level where a break will expose the 47.00 level followed by the 48.00 level. A cut through here will aim at the 49.00 level. All in all, Crude Oil remains biased to the downside medium term.<\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.fxtechstrategy.com\/wp\/wp-content\/uploads\/2015\/08\/WTIDaily.png\" alt=\"null\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>By\u00a0<a href=\"http:\/\/www.fxtechstrategy.com\/\" target=\"_blank\">fxtechstrategy.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CRUDE OIL: Extends Weakness, Eyes Further Downside Pressure CRUDE OIL: With outlook for the commodity continuing to point lower, further weakness remains on the cards. This development leaves Crude Oil targeting support located at the 45.00 level where a break will expose the 44.00 level. A break below here will aim at the 43.00 level [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-76259","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=76259"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76259\/revisions"}],"predecessor-version":[{"id":76261,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76259\/revisions\/76261"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=76259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=76259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=76259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}