Crude Oil Price Outlook Mired by Moving Average Death Cross

September 10, 2020 at 06:00PM

Crude oil prices might remain under pressure with the commodity now facing a bearish crossover of its 50-day and 200-day moving averages after invalidating its prior-standing bullish trendline.

From: Rich Dvorak
Selected by fonecable.com

Search Web: Crude Oil Price Outlook Mired by Moving Average Death Cross

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

0 thoughts on “Crude Oil Price Outlook Mired by Moving Average Death Cross”

Leave a Reply Cancel reply

FX Street

Gold Price Forecast: XAU/USD’s upside attempts fail at $1.770 18 October 2021

Gold futures remain on the defensive on Monday, unable to regain the $1,770 level after a $30 sell-off seen on Monday. The XAU/USD bounced at $1,760 l

USD/CAD steady around 1.2365 amid falling crude oil prices 18 October 2021

The USD/CAD is flat during the New York session is trading at 1.2362 at the time of writing. Earlier the market sentiment was downbeat due to higher i

AUD/USD trims losses and returns above 0.7400 18 October 2021

The Australian dollar is shrugging off the weakness observed during Monday’s Asian and European sessions. The pair has bounced at 0.7380 lows to reach

EUR/USD’s recovery halts at 1.1610; the pair returns below 1.1600 18 October 2021

The common currency has attempted to pick up from the 1.1575 low hit earlier on Monday, before failing at 1.1610 and returning to levels below 1.1600.

FuelCell Energy Stock Price and Forecast: FCEL hits three-month high, why is it up? 18 October 2021

FuelCell (FCEL) stock is back after a bit of a break and a fairly lackluster 2021. This was one of the early retail interest stocks that took off even

GBP/USD retreats from 1.3760 to 1.3710 despite increasing bets of a BoE’s hike rate 18 October 2021

The British pound is sliding during the New York session, down some 0.23%, is trading at 1.3712 at the 2time of writing. Surging energy prices, higher

BoC Survey: 1-year ahead inflation expectations increase to record high of 3.72% 18 October 2021

The Bank of Canada's (BoC) Business Outlook Survey (BoS) for the third quarter revealed on Monday that the business sentiment continued to improve wit

United States NAHB Housing Market Index above forecasts (76) in October: Actual (80) 18 October 2021

United States NAHB Housing Market Index above forecasts (76) in October: Actual (80)

S&P 500 Index opens lower following last week's rally 18 October 2021

Following last week's upsurge, major equity indexes in the US opened in the negative territory on Monday as the safe-haven flows dominate the financia

USD/TRY clinches another all-time high past 9.3000 18 October 2021

The lira remains well on the defensive and now helps USD/TRY recording a new all-time high just above the 9.3000 yardstick at the beginning of the wee

EUR/USD: Technical picture points toward a substantial drop to 1.14 – Scotiabank 18 October 2021

The EUR/USD’s gains through the low 1.16s last week have faded. From a technical point of view, the pair points to a slump to the low 1.14s, economist

US: Industrial Production contracts by 1.3% in September vs. +0.2% expected 18 October 2021

Industrial Production in the United States declined by 1.3% on a monthly basis in September, the data published by the US Federal Reserve revealed on

United States Capacity Utilization came in at 75.2% below forecasts (76.5%) in September 18 October 2021

United States Capacity Utilization came in at 75.2% below forecasts (76.5%) in September

United States Industrial Production (MoM) below forecasts (0.2%) in September: Actual (-1.3%) 18 October 2021

United States Industrial Production (MoM) below forecasts (0.2%) in September: Actual (-1.3%)

Gold Price Forecast: XAU/USD stays vulnerable amid rising US T-bond yields 18 October 2021

Gold lost its traction after testing $1,800 on Thursday and ended up closing the week with small gains at $1,767. With the US Treasury bond yields con

ECB to leave the euro sluggish as its policy has sequence limitations – TDS 18 October 2021

There are some regions where earlier tightening is more plausible than others. In the view of strategists at TD Securities, the Bank of England (BoE)

Options Trade Of The Day: Netflix (NFLX) earnings due, buy $595 put for October 22 18 October 2021

Ok going with a controversial call here but the risk reward in our view is skewed to the downside ahead of Netflix (NFLX) earnings tomorrow. Just to r

S&P 500 Index: Correction lower is over, the high at 4546 is in sight – Credit Suisse 18 October 2021

S&P 500 has seen a clear break and close above key resistance from its 63-day average at 4448/28. With daily momentum turning higher again this sugges

Wake Up Wall Street (SPY) (QQQ): Markets wake up to higher yields, higher oil, but not higher stocks 18 October 2021

Here is what you need to know on Monday, October 18: Monday is not a great day for stocks, historically one of the worst-performing days, Thursday is

Canada Foreign Portfolio Investment in Canadian Securities climbed from previous $14.19B to $26.3B in August 18 October 2021

Canada Foreign Portfolio Investment in Canadian Securities climbed from previous $14.19B to $26.3B in August

Crude Oil Price Outlook Mired by Moving Average Death Cross

September 10, 2020 at 06:00PM

Crude oil prices might remain under pressure with the commodity now facing a bearish crossover of its 50-day and 200-day moving averages after invalidating its prior-standing bullish trendline.

Search Web: Crude Oil Price Outlook Mired by Moving Average Death Cross

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | CODE: SHOP100 / SHOP200 / SHOP300

ADVERTISEMENT

Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

July Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

0 thoughts on “Crude Oil Price Outlook Mired by Moving Average Death Cross”

Leave a Reply Cancel reply

Dow drops 200 points in volatile trading, Apple slides 1%

Pound in Bearish Fever as EU Issues U.K. Ultimatum

September 10, 2020 at 06:00PM

Crude oil prices might remain under pressure with the commodity now facing a bearish crossover of its 50-day and 200-day moving averages after invalidating its prior-standing bullish trendline.

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

July Reports

ADVERTISEMENT

0 thoughts on “Crude Oil Price Outlook Mired by Moving Average Death Cross”

Leave a Reply Cancel reply

Related Post