{"id":10847,"date":"2010-07-06T09:20:18","date_gmt":"2010-07-06T13:20:18","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10847"},"modified":"2010-07-06T09:20:18","modified_gmt":"2010-07-06T13:20:18","slug":"crude-oil-prices-set-to-increase","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/06\/crude-oil-prices-set-to-increase\/","title":{"rendered":"Crude Oil Prices Set to Increase"},"content":{"rendered":"<p><strong>By Anton Eljwizat <\/strong>&#8211; The Oil prices are once again dropping, and it is currently traded  around $71.75 per barrel. However, there is much technical data that  supports a bullish move for today as described below. Forex traders  involved with commodities like this can take advantage of this knowledge  by going long on Crude Oil now, and at a great entry price!<\/p>\n<p>\u2022\tThe technical indicators used are the  Slow Stochastic, Relative Strength Index (RSI) and Williams Percent  Range.<\/p>\n<p>\u2022\tPoint 1:  There is a \u201cdoji\u201d candlestick that has formed on the  chart, indicating that a reversal should take place.<\/p>\n<p>\u2022\tPoint 2: The Slow Stochastic indicates a bullish cross, signaling  that the next move may be in an upward direction.<\/p>\n<p>\u2022\tPoint 3: The Relative Strength Index (RSI) indicates that the price  of this cross currently floats in the oversold territory, signaling  upward pressure.<\/p>\n<p>\u2022\tPoint 4:  The William\u2019s Percent Range also supports the upward  direction.<\/p>\n<p><strong>Crude Oil Daily Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/crude-oil-6-7.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/crude-oil-6-7.JPG\" alt=\"\" width=\"565\" height=\"619\" \/><\/a><\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                       Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                       may not be suitable for all investors. There is a            possibility      that     you   could sustain a loss of all of    your         investment and      therefore  you     should  not  invest   money  that   you      cannot afford to      lose. You  should   be      aware of   all   the    risks   associated with   Foreign     Exchange    trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anton Eljwizat &#8211; The Oil prices are once again dropping, and it is currently traded around $71.75 per barrel. However, there is much technical data that supports a bullish move for today as described below. Forex traders involved with commodities like this can take advantage of this knowledge by going long on Crude Oil &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/07\/06\/crude-oil-prices-set-to-increase\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude Oil Prices Set to Increase&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10847","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10847"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10847\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}