Technical Analysis: WTI Crude Oil And US Nat Gas | Live Trading …

Technical Analysis: WTI Crude Oil And US Nat Gas | Live Trading …

Technical Analysis: WTI Crude Oil And US Nat Gas

Posted by: : Paul EbelingPosted on: July 30, 2014Technical Analysis: WTI Crude Oil And US Nat Gas

WTI Crude Oil

WTI Crude Oil closed lower Tuesday.

The low range close sets the stage for a steady opening when Wednesday’s US session opens.

Stochastics and the RSI are turning Neutral to Bearish signalling that sideways to lower prices are possible near term.

Multiple closes below the 10-Day MA crossing are needed to confirm that a short term top is in.

If  WTI Crude Oil renews the rally off July’s low, June’s high crossing is the next Northside target.

Support: 101.25, 101.10, 100.85, 100.00, 99.80

Resistance: 101.55, 100.00, 102.60, 102.90, 103.35

Recommendation: Neutral (standing aside)

US Nat Gas

US Nat Gas closed higher Tuesday.

The mid-range close sets the stage for a steady opening when Wednesday’s US session opens.

Stochastics and the RSI are Neutral to Bearish signalling that sideways to lower prices are possible near term.

If US Nat Gas extends the decline off June’s high, the 75% Fibo  retracement level of this year’s rally crossing is the next Southside target.

Multiple closes above the 20-Day MA crossing will confirm that a short term low is in.

The overall outlook is negative US Nat Gas.

Stay tuned..HeffX-LTNPaul EbelingThe following two tabs change content below.Bio
Latest Posts
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.Technical Analysis: DJIA – July 30, 2014
Technical Analysis: US Coffee – July 30, 2014
Technical Analysis: WTI Crude Oil And US Nat Gas – July 30, 2014
Technical Analysis: Spot Gold And Spot Silver – July 30, 2014
Simply Put, The People Of America Want To Legalize Marijuana – July 30, 2014

Original article:  

Technical Analysis: WTI Crude Oil And US Nat Gas | Live Trading …

See which stocks are being affected by Social Media

Share this post