{"id":23372,"date":"2009-06-17T04:13:57","date_gmt":"2009-06-17T08:13:57","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=3552"},"modified":"2009-06-17T04:13:57","modified_gmt":"2009-06-17T08:13:57","slug":"crude-oil-price-reversal-in-the-making","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/06\/17\/crude-oil-price-reversal-in-the-making\/","title":{"rendered":"Crude Oil Price Reversal in the Making?"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/6.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>\u2022\tThe chart below is the weekly Crude Oil chart by ForexYard.<\/p>\n<p>\u2022\tThe technical indicators used are the Bollinger Bands, Stochastic and RSI.<\/p>\n<p><span id=\"more-3552\"><\/span>\u2022\tThere is a &#8220;doji&#8221; candlestick formed in the chart, indicating that a reversal should take place.<\/p>\n<p>\u2022\tThe trend has reached the Bollinger Bands&#8217; upper border, which may hint that the uptrend has reached its conclusion.<\/p>\n<p>\u2022\tA bearish cross on the Stochastic suggests that bearish activity might be imminent.<\/p>\n<p>\u2022\tThe RSI has switched directions and is now facing down, however a much stronger signal will be given once it drops bellows the 70 line.<\/p>\n<p>\u2022\tIt currently seems that a bearish move might be on its way, yet a red candlestick is required in order to assure the notion. Forex traders are welcomed to follow Crude Oil&#8217;s daily chart and look for the potential drop.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2009\/06\/oil-yaniv.jpg\" alt=\"oil-yaniv\" title=\"weekly-oil-chart\" width=\"534\" height=\"541\" class=\"alignnone size-full wp-image-3554\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p> \u2022\tThe chart below is the weekly Crude Oil chart by ForexYard.<br \/>\n\u2022\tThe technical indicators used are the Bollinger Bands, Stochastic and RSI.<br \/>\n\u2022\tThere is a &#8220;doji&#8221; candlestick formed in the chart, indicating that a reversal should take pl&#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-23372","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23372","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=23372"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23372\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}