factors point for a temporary halt at the crude oil prices

Crude oil Technical analysis

Oil prices fell sharply  Tuesday and yesterday  as US Secretary of State Mike Pompeo claimed that Iran was ready to come to the negotiating table over the nuclear deal

Crude Oil Inventories Monthly Report 

IEA stated that oil market showed a global surplus  in the second quarter this year versus previous expectations for a deficit.

 monthly report stated that oil market saw a rather significant surplus in the first half of 2019, much larger than previously expected. 

Did the oil find support in the $ 50 area or we had a surprise ahead of us?

Crude oil chart

Oil prices continue to rise due to global events, Is this momentary or this  is the direction for the future?

I wrote the last post: Does the violence that oil has experienced in the past two months come back like a boomerang?

yes, we got it - what next?

it all starts here: Oil is crashing - The marks were on the wall

crude oil showing suspicious signs

Is there a negative deviation between the oil price and the technical parameters on the charts?

Crude oil technical analysis:

Short term bearish as long crude oil remain below 56.80

Medium term bearish as long crude oil remain below 57.30+-

Long term bearish as long crude oil remain below 58.60+-Suggest more down to test price below 55 $ such as 54.20-54.80 $ or even 53$

Break above 58.30 will lead again to high prices – break down 56 will confirm more downs 

Crude oil analysis

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice