{"id":23371,"date":"2009-07-20T09:41:46","date_gmt":"2009-07-20T13:41:46","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=4170"},"modified":"2009-07-20T09:41:46","modified_gmt":"2009-07-20T13:41:46","slug":"oil-prices-hit-2-week-high","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/07\/20\/oil-prices-hit-2-week-high\/","title":{"rendered":"Oil Prices Hit 2-Week High"},"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>Oil prices rose significantly in the last few days and it is currently trading at $65.34 per barrel, reaching its highest level in almost two weeks, as equities firmed and the Dollar fell on hopes of a global economic recovery. Oil prices surprised many traders today as the price continued to climb above $65 a barrel. However, as I will demonstrate below, the price of Crude Oil may very well be heading for a reversal.<\/p>\n<p><span id=\"more-4170\"><\/span>\u2022\tThe chart below is the 4-hour chart for Crude Oil by <a href=\"http:\/\/www.forexyard.com\/en\/open-live-account\">ForexYard<\/a>.<\/p>\n<p>\u2022\tThe technical indicators used are the Slow Stochastic, RSI and MACD.<\/p>\n<p>\u2022\tPoint 1: RSI signals that the price of this pair currently floats in the over-bought territory, indicating downward pressure.<\/p>\n<p>\u2022\tPoint 2: The Slow Stochastic indicates a bearish cross, signaling that the next move maybe in a downward direction.<\/p>\n<p>\u2022\tPoint 3: The MACD also supports the downward direction.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2009\/07\/oil-prices.JPG\" alt=\"oil prices\" width=\"411\" height=\"553\" class=\"alignnone size-full wp-image-4171\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Oil prices rose significantly in the last few days and it is currently trading at $65.34 per barrel, reaching its highest level in almost two weeks, as equities firmed and the Dollar fell on hopes of a global economic recovery. Oil prices surprised ma&#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-23371","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23371","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=23371"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23371\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}