{"id":23369,"date":"2009-11-18T12:29:57","date_gmt":"2009-11-18T16:29:57","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=6654"},"modified":"2009-11-18T12:29:57","modified_gmt":"2009-11-18T16:29:57","slug":"crude-oil-prices-set-to-decrease-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/11\/18\/crude-oil-prices-set-to-decrease-2\/","title":{"rendered":"Crude Oil Prices Set to Decrease"},"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 rose above$80 a barrel on Wednesday as the dollar weakened, prompting investors to once again buy into commodities. However, as I will demonstrate below, Crude Oil may very well be heading for a reversal later today. This might be a good opportunity for forex traders to enter the trend at a very early stage and a great entry price.<span id=\"more-6654\"><\/span><\/p>\n<p>\u2022\tThe indicators used are the Slow Stochastic, RSI and MACD.<\/p>\n<p>\u2022\tPoint 1: There is a \u201cdoji\u201d candlestick that has formed on the chart, indicating that a reversal should take place.<\/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 Relative Strength Index (RSI) indicates that the price of this cross currently floats in the overbought territory, signaling downward pressure.<\/p>\n<p>\u2022\tPoint 4: The MACD indicates an impending bearish cross, which may signal a downward movement is going to occur in the near future.<\/p>\n<p>Crude Oil 4-Hour Chart<br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2009\/11\/Crude-oil-18-11.JPG\" alt=\"Crude oil 18-11\" width=\"473\" height=\"556\" class=\"alignnone size-full wp-image-6655\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Crude oil rose above$80 a barrel on Wednesday as the dollar weakened, prompting investors to once again buy into commodities. However, as I will demonstrate below, Crude Oil may very well be heading for a reversal later today. This might be a good opp&#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-23369","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23369","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=23369"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23369\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}