economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Bullish Hammer Pattern There is a possible one-day bullish hammer reversal candle to be established today. If so, a breakout above today\u2019s high confirms the pattern. It shows sellers being in control earlier in the day\u2019s trading session as crude oil dropped below yesterday\u2019s low and signaled a bearish continuation. But sellers could not maintain control and the price of crude subsequently advanced following a $56.67 low. Thursday\u2019s trading range was relatively wide, from $56.67 to $59.33, and it occurred within a sharp three-day decline contained within a larger bearish trend. Therefore, it wouldn\u2019t be surprising to see a day of rest and consolidation inside today\u2019s range before crude oil is ready to advance and trigger the potential hammer pattern. Bull Breakout Above $59.33 Irrespective of bearish considerations, a bullish breakout will be indicated on a rally above today\u2019s high of $59.33 and confirmed by a daily close above that high. Crude oil would then rise in a larger downtrend and up into resistance zones. The first price area to watch for minor resistance is around $60.40, which was an interim higher swing low. Since resistance was found during the first counter-trend rally around the 20-Day MA, currently at $62.00, it provides a maximum initial upside target if today\u2019s signs of strength lead to a bounce. However, the 61.8% Fibonacci retracement level at $62.01 currently marks the same price area. It provides another target, and it is correlated with prior daily support. For a look at all of today\u2019s economic events, check out our\u00a0economic calendar. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":45396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-45395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/45395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=45395"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/45395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/45396"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=45395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=45395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=45395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}