{"id":15251,"date":"2010-11-11T09:15:48","date_gmt":"2010-11-11T14:15:48","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15251"},"modified":"2010-11-11T09:15:48","modified_gmt":"2010-11-11T14:15:48","slug":"crude-oil-hits-25-month-high","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/11\/crude-oil-hits-25-month-high\/","title":{"rendered":"Crude Oil Hits 25-Month High"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; <a href=\"http:\/\/www.forexyard.com\/en\/trading\/crudeoil\">Crude Oil <\/a>reached  a 25-month high for a fifth consecutive session on Thursday as strong  industrial output sent demand in China to a record and a surplus  subsided in top consumer the United States. However, the daily chart is  suggesting that a recent upwards trend is loosing steam and a bearish  correction is impending. Forex traders can take advantage of this  impending movement by having their Entry Orders in place to capture this  reversal.<\/p>\n<p>\u2022\tBelow is the daily chart for Crude oil by ForexYard.<\/p>\n<p>\u2022\tThe technical indicators used are the Slow Stochastic, Relative Strength Index (RSI) and MACD.<\/p>\n<p>\u2022\tPoint 1: The RSI signals that the price of this pair currently  floats in the over-bought territory, indicating downward pressure.<\/p>\n<p>\u2022\tPoint 2: The Slow Stochastic indicates a bearish cross, signaling that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 3: The MACD indicates an impending bearish cross, signaling that the next move may be in a downward direction.<\/p>\n<p>Crude Oil Daily Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/11\/crude-oil-11-11-2010.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/11\/crude-oil-11-11-2010.JPG\" alt=\"\" width=\"509\" height=\"627\" \/><\/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 Anton Eljwizat &#8211; Crude Oil reached a 25-month high for a fifth consecutive session on Thursday as strong industrial output sent demand in China to a record and a surplus subsided in top consumer the United States. However, the daily chart is suggesting that a recent upwards trend is loosing steam and a bearish &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/11\/11\/crude-oil-hits-25-month-high\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude Oil Hits 25-Month High&#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-15251","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15251","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=15251"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15251\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}