{"id":16150,"date":"2010-12-02T08:30:37","date_gmt":"2010-12-02T13:30:37","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=16150"},"modified":"2010-12-02T08:30:37","modified_gmt":"2010-12-02T13:30:37","slug":"crude-oil-trades-near-87-a-barrel","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/02\/crude-oil-trades-near-87-a-barrel\/","title":{"rendered":"Crude Oil Trades Near $87 a Barrel"},"content":{"rendered":"<p><strong>By Anton Eljwizat <\/strong>&#8211; <a href=\"http:\/\/www.forexyard.com\/en\/trading\/crudeoil\">Crude oil<\/a> traded near the highest in almost three weeks after  greater-than-forecast growth in U.S. private employment bolstered  optimism fuel demand will increase in the world\u2019s biggest  crude-consuming nation. However, there is much technical data that  supports a bearish move for today as described below. Forex traders  involved with commodities like this can take advantage of this knowledge  by going short on <a href=\"http:\/\/www.forexyard.com\/en\/trading\/crudeoil\">Crude Oil <\/a>now, and at a great entry price!<\/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 Williams Percent Range.<\/p>\n<p>\u2022\tPoint 1: The Slow Stochastic indicates a bearish cross, signaling that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 2: The RSI signals that the price of this pair currently  floats in the over-bought territory, suggesting downward pressure.<\/p>\n<p>\u2022\tPoint 3: The Williams Percent Range has peaked near at the 0  marker, which means that there may actually be a strong level of  downward pressure.<\/p>\n<p>Crude Oil Daily Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/Crude-oil-2-12-2010.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/Crude-oil-2-12-2010.JPG\" alt=\"\" width=\"568\" height=\"588\" \/><\/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>Crude oil traded near the highest in almost three weeks after greater-than-forecast growth in U.S. private employment bolstered optimism fuel demand will increase in the world\u2019s biggest crude-consuming nation. However, there is much technical data that supports<\/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-16150","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16150","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=16150"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16150\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=16150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=16150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=16150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}