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Crude Oil Forecast: Oil Prices Edge Lower Toward Trend Support 2021-05-08 15:30:00 Rich Dvorak, Analyst CRUDE OIL WEEKLY TECHNICAL FORECAST – NEUTRAL Crude oil has started peeling back from technical resistance near the 66.25-price level WTI crude oil prices may extend a bit lower with the commodity starting to consolidate Oil looks likely to maintain its broader bullish trend so long as sentiment stays upbeat Crude oil price action finished the week modestly higher. The commodity gained 2% on balance to close around 65.00/bbl. WTI oil prices were up as much as 5% by Wednesday’s trading session, but failure to overcome technical resistance near 66.25 corresponded with a slight pullback from year-to-date highs. Crude oil bulls have likely struggled to maintain buying pressures amid falling import demand from Japan and India. This has increased the odds for crude oil to consolidate lower and underperform other major commodities.

Oil trading strategies tipsHow to trade oilOil price chart technicalBollinger bandTrade oilCrude oil trading strategiesRich dvorakஎண்ணெய் வர்த்தக உத்திகள் உதவிக்குறிப்புகள்எப்படி க்கு வர்த்தகம் எண்ணெய்எண்ணெய் ப்ரைஸ் விளக்கப்படம் தொழில்நுட்பபொலிங்கர் இசைக்குழுவர்த்தகம் எண்ணெய்கச்சா எண்ணெய் வர்த்தக உத்திகள்பணக்கார ட்வாரக்