{"id":13450,"date":"2010-09-29T08:45:16","date_gmt":"2010-09-29T12:45:16","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13450"},"modified":"2010-09-29T08:45:16","modified_gmt":"2010-09-29T12:45:16","slug":"crude-oil-range-trading-continues","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/29\/crude-oil-range-trading-continues\/","title":{"rendered":"Crude Oil \u2013 Range Trading Continues"},"content":{"rendered":"<p><strong>By Yan Petters<\/strong> &#8211; For  the past 3 weeks crude oil prices have been fluctuating between $73.50 a  barrel to $78.00 a barrel. This means that the market has acknowledged  that for the time being, this price represents the real value of crude  oil. Currently, crude oil is floating in the middle of the range,  trading at $76.60 a barrel.<\/p>\n<p>\u2022 The chart below is the crude oil 4-hour chart by ForexYard.<br \/>\n\u2022 The flat form of the MACD is a great reflection of the steady trading  of crude oil. Once the MACD will begin moving towards a certain  direction, it will signal that the range might be coming to an end.<br \/>\n\u2022 In the meantime, a bullish cross of the Slow Stochastic is indicating that crude oil might see a bullish move today.<br \/>\n\u2022 The next significant resistant level is located at the $77.15 price.  If crude oil will cross the $77.15 level, it is likely to reach towards  the $78.00 as well.<br \/>\n\u2022 If crude will fail to cross the $77.15 level, it might drop to the $76.00 support level.<br \/>\n\u2022 The next support levels are at the $75.50, $74.60 and $73.55 levels.<br \/>\n\u2022 Traders are also advised to pay special attention at 14:30 GMT, when  the U.S. Crude Oil Inventories report is scheduled to be released.  Usually this release creates heavy volatility in crude oil trading, and  traders should be prepared.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/09\/Crude-Oil.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/09\/Crude-Oil.bmp\" alt=\"\" width=\"590\" height=\"639\" \/><\/a><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/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 Yan Petters &#8211; For the past 3 weeks crude oil prices have been fluctuating between $73.50 a barrel to $78.00 a barrel. This means that the market has acknowledged that for the time being, this price represents the real value of crude oil. Currently, crude oil is floating in the middle of the range, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/29\/crude-oil-range-trading-continues\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude Oil \u2013 Range Trading Continues&#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-13450","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13450","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=13450"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13450\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}