{"id":15537,"date":"2010-11-18T09:06:03","date_gmt":"2010-11-18T14:06:03","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15537"},"modified":"2010-11-18T09:06:03","modified_gmt":"2010-11-18T14:06:03","slug":"crude-oil-slips-on-firmer-dollar","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/18\/crude-oil-slips-on-firmer-dollar\/","title":{"rendered":"Crude Oil Slips on Firmer Dollar"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong><\/p>\n<p>The Oil prices are once again dropping, and it is currently traded  around $82 level. 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\tBelow is the 8-hour chart of the Crude oil.<\/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 Slow Stochastic shows a bullish cross, signaling that the next move may be in an upward direction.<\/p>\n<p>\u2022\tPoint 2: 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 3:  The MACD indicates an impending bullish cross, which may  signal a upward movement is going to occur in the near future.<\/p>\n<p>\u2022\tThe volatile downward movement which occurred prior to this upward  correction has generated these indicators, and there appears to be room  for this correction to continue.<\/p>\n<p><strong>Crude Oil 8-Hour Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/11\/Crude-oil-18-11-2010.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/11\/Crude-oil-18-11-2010.JPG\" alt=\"\" width=\"504\" height=\"677\" \/><\/a><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by<span style=\"text-decoration: underline;\"> <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/span><\/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>The Oil prices are once again dropping, and it is currently traded around $82 level. 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","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-15537","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15537","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=15537"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15537\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}