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Crude Oil Spread Betting Analysis
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24 May 2013 update -
The crude oil spread betting market closed slightly higher on Thursday and the high-range close sets the stage for a steady-to-higher opening when Friday's session begins. Stochastics and the RSI are turning bearish hinting that a double top might be in or is near. Closes below last Wednesday's low crossing are needed to confirm that a double top has been posted. If it extends the rally off April's low, April's high crossing is the next upside target.
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Crude Oil Spread Betting Companies
You can take positions on a range of commodities spread betting markets with the following companies.
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| Gold (spread size) |
4 |
5 |
5 |
4 |
4 |
4 |
4 |
| UK Crude Oil (spread size) |
5 |
5 |
4 |
4 |
6 |
4 |
5 |
| Commodities (min stake) |
£1 |
£1 |
£1 |
£1 |
£0.50 |
£0.50 |
£1 |
| Commodities (more available) |
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Commodities spread betting may also be available with other companies - notes.
For more on trading the crude oil market see spread betting on crude oil.
Crude Oil Spread Betting Analysis
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23 May 2013 update -
The crude oil spread betting market closed lower on Wednesday and the low-range close sets the stage for a steady-to-lower opening when Thursday's session begins. Stochastics and the RSI are turning neutral hinting that a double top might be in or is near. Closes below last Wednesday's low crossing would confirm that a double top has been posted. If it extends the rally off April's low, April's high crossing is the next upside target.
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22 May 2013 update -
The crude oil spread betting market posted an inside day with a lower close on Tuesday and the low-range close sets the stage for a steady-to-lower opening when Wednesday's session begins. Stochastics and the RSI have turned bullish signalling that sideways-to-higher prices are possible near-term. If it extends renews the rally off April's low, April's high crossing is the next upside target. Closes below last Wednesday's low crossing would confirm that a short-term top has been posted.
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21 May 2013 update -
The crude oil spread betting market closed higher on Monday and the high-range close sets the stage for a steady-to-higher opening when Tuesday's session begins. Stochastics and the RSI are turning bullish signalling that sideways-to-higher prices are possible near-term. If it extends renews the rally off April's low, April's high crossing is the next upside target. Closes below last Wednesday's low crossing would confirm that a short-term top has been posted.
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20 May 2013 update -
The crude oil spread betting market closed higher on Friday and the high-range close sets the stage for a steady-to-higher opening when Monday's session begins. Stochastics and the RSI are turning neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends renews the rally off April's low, April's high crossing is the next upside target. Closes below Wednesday's low crossing would confirm that a short-term top has been posted.
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17 May 2013 update -
The crude oil spread betting market closed higher on Thursday and the mid-range close sets the stage for a steady opening when Friday's session begins. Stochastics and the RSI are turning bearish signalling that sideways-to-lower prices are possible near-term. If it extends this month's decline, November's low crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
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16 May 2013 update -
The crude oil spread betting market closed higher on Wednesday and the high-range close sets the stage for a steady-to-higher opening when Thursday's session begins. Stochastics and the RSI are turning bearish signalling that sideways-to-lower prices are possible near-term. If it extends this month's decline, November's low crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
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15 May 2013 update -
The crude oil spread betting market closed sharply lower on Tuesday and the low-range close sets the stage for a steady-to-lower opening when Wednesday's session begins. Stochastics and the RSI are turning bearish signalling that sideways-to-lower prices are possible near-term. If it extends this month's decline, November's low crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
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14 May 2013 update -
The crude oil spread betting market closed sharply lower on Monday and the mid-range close sets the stage for a steady opening when Tuesday's session begins. Stochastics and the RSI are turning bearish signalling that sideways-to-lower prices are possible near-term. If it extends this month's decline, November's low crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
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13 May 2013 update -
The crude oil spread betting market closed higher on Friday and the high-range close sets the stage for a steady-to-higher opening when Monday's session begins. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends the aforementioned rally, April's high crossing is the next upside target. Closes below the 20 day moving average crossing would confirm that a short-term top has been posted.
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10 May 2013 update -
The crude oil spread betting market closed lower on Thursday and the mid-range close sets the stage for a steady opening when Friday's session begins. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends the aforementioned rally, April's high crossing is the next upside target. Closes below the 20 day moving average crossing would confirm that a short-term top has been posted.
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09 May 2013 update -
The crude oil spread betting market closed higher on Wednesday and the high-range close sets the stage for a steady-to-higher opening when Thursday's session begins. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends the aforementioned rally, April's high crossing is the next upside target. Closes below the 20 day moving average crossing would confirm that a short-term top has been posted.
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08 May 2013 update -
The crude oil spread betting market closed lower on Tuesday and the low-range close sets the stage for a steady-to-lower opening when Wednesday's session begins. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends the aforementioned rally, April's high crossing is the next upside target. Closes below the 20 day moving average crossing would confirm that a short-term top has been posted.
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07 May 2013 update -
The crude oil spread betting market closed higher on Monday and the mid-range close sets the stage for a steady opening when Tuesday's session begins. Stochastics and the RSI are neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends the aforementioned rally, April's high crossing is the next upside target. Closes below the 20 day moving average crossing would confirm that a short-term top has been posted.
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03 May 2013 update -
The crude oil spread betting market closed sharply higher on Thursday and is poised to resume the rally off April's low. The high-range close sets the stage for a steady-to-higher opening when Friday's session begins. Stochastics and the RSI are neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends this week's rally, the reaction high crossing is the next upside target. Closes below Wednesday's low crossing would confirm that a short-term top has been posted.
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02 May 2013 update -
The crude oil spread betting market closed sharply lower on Wednesday and the low-range close sets the stage for a steady-to-lower opening when Thursday's session begins trading. Stochastics and the RSI remain bullish signalling that sideways-to-higher prices are possible near-term. If it extends the aforementioned rally, the reaction high crossing is the next upside target. Closes below the 10 day moving average crossing would confirm that a short-term top has been posted.
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30 April 2013 update -
The crude oil spread betting market closed sharply higher on Monday and the high-range close sets the stage for a steady-to-higher opening when Tuesday's session begins. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. If it extends this week's rally, the reaction high crossing is the next upside target.
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29 April 2013 update -
The crude oil spread betting market closed lower on Friday and the mid-range close sets the stage for a steady opening when Monday's session begins. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. If it extends last week's rally, the reaction high crossing is the next upside target.
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26 April 2013 update -
The crude oil spread betting market closed sharply higher on Thursday and above the 20 day moving average crossing confirming that a short-term low has been posted. The high-range close sets the stage for a steady-to-higher opening when Friday's session begins. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. If it extends this week's rally, the reaction high crossing is the next upside target.
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25 April 2013 update -
The crude oil spread betting market closed sharply higher on Wednesday and the high-range close sets the stage for a steady-to-higher opening when Thursday's session begins. Stochastics and the RSI are turning bullish signalling that sideways-to-higher prices are possible near-term. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
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24 April 2013 update -
The crude oil spread betting market closed slightly higher on Tuesday as it extended the rebound off the 75% retracement level of the June-September 2012 crossing. The high-range close sets the stage for a steady-to-higher opening when Wednesday's session begins. Stochastics and the RSI are turning neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
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23 April 2013 update -
The crude oil spread betting market closed higher due to short covering on Monday and the high-range close sets the stage for a steady-to-higher opening on Tuesday. Stochastics and the RSI remain neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends this month's decline, the 87% retracement level of the June-September 2012 rally crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
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22 April 2013 update -
The crude oil spread betting market closed higher due to short covering on Friday and the high-range close sets the stage for a steady-to-higher opening on Monday. Stochastics and the RSI remain neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends this month's decline, the 87% retracement level of the June-September 2012 rally crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
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With financial spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital. Please familiarise yourself with the risks that are involved and before trading, ensure that financial spread betting matches your investment objectives. Seek independent advice where necessary.
Crude Oil Spread Betting Analysis - edited by PipTrade, 24 May 2013.
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With spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital so please familiarise yourself with the risks that are involved and, before trading, ensure that spread betting matches your investment objectives. Seek independent advice where necessary.
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* Based on current UK tax law. Tax law may change and can differ depending on your personal circumstances.
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