{"id":8115,"date":"2010-03-31T08:31:47","date_gmt":"2010-03-31T12:31:47","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8115"},"modified":"2010-03-31T08:31:47","modified_gmt":"2010-03-31T12:31:47","slug":"crude-oil-nears-the-83-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/31\/crude-oil-nears-the-83-level\/","title":{"rendered":"Crude Oil Nears the $83 Level"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; Crude Oil has been experiencing much bullish behavior in the last few  days. However, there is much technical data that supports a bearish  move for today. I will illustrate below that the oil may very well be  heading for a reversal, and it might have the potential of reaching  towards $80 in the coming days. 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!<\/p>\n<p>\u2022\t Below is the 4-hour chart for crude  oil by ForexYard.<\/p>\n<p>\u2022\tThe technical indicators used are the Relative Strength Index  (RSI), MACD and Williams Percent Range.<\/p>\n<p>\u2022\tPoint 1: The Relative Strength Index (RSI) indicates that the price  of this cross currently floats in the overbought territory, signaling  upward pressure.<\/p>\n<p>\u2022\tPoint 2: The MACD 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 Range has peaked near at the 0  marker, which means that there may actually be a strong level of  downward pressure.<\/p>\n<p>Crude Oil 4- Hour Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/03\/crude-oil-31-3.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/03\/crude-oil-31-3.JPG\" alt=\"\" width=\"475\" height=\"555\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex         Yard.<\/strong><\/a><\/span><\/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>By Anton Eljwizat &#8211; Crude Oil has been experiencing much bullish behavior in the last few days. However, there is much technical data that supports a bearish move for today. I will illustrate below that the oil may very well be heading for a reversal, and it might have the potential of reaching towards $80 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/03\/31\/crude-oil-nears-the-83-level\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude Oil Nears the $83 Level&#8221;<\/span><\/a><\/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-8115","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8115","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=8115"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8115\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}