{"id":18255,"date":"2011-01-18T10:00:19","date_gmt":"2011-01-18T15:00:19","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=18255"},"modified":"2011-01-18T10:00:19","modified_gmt":"2011-01-18T15:00:19","slug":"crude-oil-trades-near-93-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/01\/18\/crude-oil-trades-near-93-level\/","title":{"rendered":"Crude Oil Trades near $93 Level"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/en\/trading\/crudeoil\">Crude Oil <\/a>prices  rose significantly in the last two days and peaked at $92.77 per  barrel. However, daily chart\u2019s Williams Percent Range is floating in an  overbought territory suggesting that a recent upwards trend is loosing  steam and a bearish correction is impending. In addition, there actually  appears to be a bearish cross on the <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Slow Stochastic <\/a>pointing  to an imminent downward correction. Forex traders may have a good  opportunity today to gain from the crude oil\u2019s impending descent by  going short on this pair today.<\/p>\n<p>\u2022\tThe next resistance levels are found at the $93, $93.20 and $93.50 levels<br \/>\n\u2022\tThe next support levels are $92.40, $92.05 and $91.75 levels.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/01\/crude-18-1-2011.JPG\" alt=\"crude 18-1-2011\" width=\"535\" height=\"677\" \/><\/p>\n<p><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/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 prices rose significantly in the last two days and peaked at $92.77 per barrel. However, daily chart\u2019s Williams Percent Range is floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending.<\/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-18255","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18255","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=18255"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18255\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=18255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=18255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=18255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}