{"id":23368,"date":"2010-03-08T04:15:12","date_gmt":"2010-03-08T08:15:12","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=8942"},"modified":"2010-03-08T04:15:12","modified_gmt":"2010-03-08T08:15:12","slug":"crude-oil-hits-near-82-50-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/08\/crude-oil-hits-near-82-50-level\/","title":{"rendered":"Crude Oil Hits near $82.50 Level"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/12.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>Crude oil prices rose significantly in the last two weeks and peaked at $82.30 per barrel. However, the 8-hour chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders involved with commodities like this can take advantage of this knowledge by going short on crude oil now, and at a great entry price!<span id=\"more-8942\"><\/span><\/p>\n<p>\u2022\tBelow is the 8-hour chart for crude oil by ForexYard.<\/p>\n<p>\u2022\tThe technical indicators used are the Slow Stochastic, RSI and Williams Percent Range.<\/p>\n<p>\u2022\tPoint 1: The RSI signals that the price of this pair currently floats in the over-bought territory, suggesting downward pressure.<\/p>\n<p>\u2022\tPoint 2: The Slow Stochastic indicates an impending bearish cross, which may signal a downward movement is going to occur in the near future.<\/p>\n<p>\u2022\tPoint 3: The Williams Percent Ranges is showing that this pair is heavily over-bought and may be experiencing strong downward pressure.<\/p>\n<p>Crude Oil 8-Hour Chart<br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/03\/crude-oil-8-3-2010.JPG\" alt=\"crude oil 8-3-2010\" width=\"443\" height=\"648\" class=\"alignnone size-full wp-image-8944\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Crude oil prices rose significantly in the last two weeks and peaked at $82.30 per barrel. However, the 8-hour chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders involved with commodit&#8230;<\/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-23368","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23368","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=23368"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23368\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}