Crude oil---sell near 63.90, target 60.00-58.00Crude oil market analysis:
The recent crude oil has been delivered. The new contract is relatively strong at present. Yesterday's daily line closed with a positive line. In the short-term bottom shock, we are still bearish on crude oil today. We continue to sell. The large pattern suppresses around
The pivotal technical threshold is $65 for the price of oil The price of US crude oil broke a major technical support in April
The price of oil gave a technical red alert at the beginning of April after breaking a major long-term support, all against a complicated fundamental backdrop: the so-called reciprocal tariff trade war, geopolitical tensions and in
Possible upward pullbackCrude oil is on a bearish trend based on higher timeframes but is currently showing bullish pressure as a potential pullback. The potential upward pullback may try to retest the 70.0 barrier. Breaking further and settling above the 70.0, may see a rise towards resistance barriers between 71.00 and
Crude Oil - Bearish longer term biasCrude has recently broken its multi-year support level at $67. A retracement back toward that level is probable to cap any upside. The aligning overhead previous POC, Fib, and bearish descending wedge breakout argues for further continued weakness over the medium term.
The longer term target level
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of E-mini Crude Oil Futures (Aug 2029) is 61.875 USD — it has risen 1.06% in the past 24 hours. Watch E-mini Crude Oil Futures (Aug 2029) price in more detail on the chart.
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The nearest expiration date for E-mini Crude Oil Futures (Aug 2029) is Jul 19, 2029.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell E-mini Crude Oil Futures (Aug 2029) before Jul 19, 2029.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for E-mini Crude Oil Futures (Aug 2029). Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of E-mini Crude Oil Futures (Aug 2029) technicals for a more comprehensive analysis.