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Bulls need to break $41.50 resistance zone: crude oil price analysis - Capital.com
Crude oil price analysis indicates that the next major directional move will take place once the $41.60 to $37.50 price range is breached.
Crude oil prices could be poised to correct lower, as buyers struggle to break past the $41.60 resistance zone. Crude oil technical analysis shows that an important price gap has now been closed on the daily time frame. Crude oil medium-term price trend Crude oil prices are consolidating around the $40 level, as buyers struggle to break the June monthly trading high, around the $41.50 level. Crude oil price analysis shows that sellers may be preparing to launch a technical test of key rising trendline support. The daily time frame currently shows that an important price gap on the chart has now been closed. Since closing the gap, crude oil prices have gradually eased lower. Failure to move the price past the $41.50 level could result in a bearish correction back towards the $37.50 level and, possibly, the $35 level. Looking at the upside potential, if the $41.50 level is broken, oil prices could rally towards the December 2018 trading low, around the $42.50 level and, possibly, the $43 level. Crude oil short-term price trend Crude oil technical analysis shows that a short-term bullish bias remains in play while the price trades above the $37.50 level. Crude oil technical chart analysis on the four-hour time frame shows that a bearish head-and-shoulders pattern has formed. The neckline of the bearish pattern is located around the $37.50 level. This remains a key technical area to watch over the short term. According to the size of the bearish pattern, oil prices could fall towards the $35 level over the short term. If the pattern is invalidated, traders should expect a breakout rally towards the $43 level. Crude oil technical summary Crude oil technical analysis shows that bulls are struggling to break the $41.60 resistance area. Bears may soon start to take control if the price falls beneath the $37.50 level. Trade US Crude Oil Spot CFD
Bolt goes viral with 'social distancing' Olympic photo - Capital FM Kenya
WASHINGTON, United States, Apr 14 - Retired track star Usain Bolt showed he's still a few steps ahead when he posted an AFP picture of him outstripping Get the latest local and international sports updates, football, rugby, athletics, golf, cricket and more
Jamaica’s Usain Bolt won the Beijing Olympics 100m in a world-record time © AFP/File / Nicolas ASFOURI WASHINGTON, United States, Apr 14 – Retired track star Usain Bolt showed he’s still a few steps ahead when he posted an AFP picture of him outstripping his rivals at the Beijing Olympics with the cheeky caption: “social distancing”. Bolt’s post, featuring a picture by AFP photographer Nicolas Asfouri of the 2008 Olympics 100m final, blew up on social media, drawing more than half a million likes and 90,000 retweets. It showed the Jamaican crossing the finish line at the Bird’s Nest stadium in a then-world record time of 9.69sec, glancing round from lane four as his despairing competitors trail two paces behind. “Savage”, commented one Twitter user, while New York Times journalist Christopher Clarey posted another picture of Bolt out in front on his own, captioned “self isolation”. Bolt’s chest-thumping celebration in Beijing added to a legend that grew further when he won the 200m in another world-record time. He retired in 2017 with eight Olympic gold medals and the current 100m mark of 9.58sec, set in 2009. Bolt, 33, has been encouraging Jamaicans to self-isolate during the coronavirus pandemic, posting videos of himself exercising at home and juggling footballs with a friend. He also helped promote a major fundraiser, Telethon Jamaica. After retiring from athletics, Bolt, a Manchester United fan, attempted to launch a career in football, and had a trial with Australia’s Central Coast Mariners before contract talks failed. (Visited 22 times, 22 visits today)