Markets

Crude Oil Technical Daily Outlook 9/14

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CRUDE OIL closed higher on Thursday and the highrange close sets the stage for a steady to higher opening when Friday's night session begins. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off June's low, the 75% retracement level of this year's decline crossing is the next upside target. Multiple closes below the reaction low crossing would confirm that a top and trend change has been posted.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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