Light Crude continues to surge

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The price for Light Crude oil has passed the 2021 high level zone. The commodity price continues to book new high levels, as it approaches the $90.00 mark. In addition, it was spotted that since late December the price has been surging in a narrow channel up pattern.

A continuation of the surge is expected to find resistance in round price levels, before the price reaches the upper trend line of the channel up pattern. Namely, note the $90.00, $95.00 and most importantly the $100.00 levels.

On the other hand, a potential decline would immediately find support in the lower trend line of the channel pattern. Below the trend line, the price for crude oil might look for support in the 2021 high level at $85.00. Further below, the $80.00 mark could stop a decline.
Back to articles

Actual Topics

Wed, 02 Feb 2022 09:27:03 GMT

USD/CHF fails to reach resistance zone

Since the last review of the USD/CHF chart, the pair has made two attempts to reach the resistance zone of the September and November high levels at 0.9335/0.9375. Meanwhile, after each failed attempt the rate retraces to the support zone at 0.9090/0.9105. In addition, it has been observed that the rate has been ignoring the 50 and 200-hour simple moving

Tue, 01 Feb 2022 10:31:52 GMT

Germany 40 index trades sideways

At the start of January, the Germany 40 stock index bounced off the resistance of the 2021 high level at 16,300.00. Afterwards, a decline occurred, which eventually found support in the May and October low level zone near 14,850.00. By February 1, the index had returned to the resistance of the 50 and 200-day simple moving average near 15,650.00.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.