OILK NEWS why is Crude Oil Strategy Proshares price falling or rising

OILK NEWS reasons for why stock price of Crude Oil Strategy Proshares is falling or rising

OILK Crude Oil is falling or rising technical reasons

Technical analysis forecast of Crude Oil Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Crude Oil OILK at this time. Stock is rising and might rise more.

It appears as if Crude Oil OILK gave a large move recently.

Stock of Crude Oil (OILK) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Crude Oil is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 45.1, for a target of 44.3 or 43.58

OILK Crude Oil is falling or rising NEWS fundamental reasons

Sugar Closes Higher as Strength in Crude Oil Sparks Short Covering March NY world sugar #11 (SBH25 ) Tuesday closed up +0.13 (+0.68%), and March London ICE white sugar #5 (SWH25 ) closed up +376 (+0.72%). Sugar prices Tuesday recovered from early losses and are settled moderately higher. Tuesday's rally in WTI crude oil - NEWS as on 2025-01-02 nasdaq.com

India's BPCL buys first Argentinian crude oil cargo for Feb delivery India's Bharat Petroleum Corp Ltd (BPCL) has purchased its first crude oil cargo from Argentina, acquiring 1 million barrels of Medanito crude for February delivery from Mercuria. This light-sweet crude, similar to U.S. WTI, will be trial-processed at BPCL - NEWS as on 2024-12-20 indiatimes.com

More announcements and NEWS

OILK Crude Oil Strategy Proshares current price & indicator signals

Moving Averages for Crude Oil Strategy Proshares

  • 5Day Average: 44.22
  • 12Day Average: 43.53
  • 20Day Average: 43.36
  • 50Day Average: 43.28
  • 100Day Average: 43.66
  • 150Day Average: 44.78
  • 200Day Average: 45.5

OILK Indicators & signals

Indicator MACD (12,26,9)

43.82, 43.52, 0.08
Indicator MACD is in positive zone

Indicator ADX (14)

28.21, 34.72, 19.44
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of OILK Crude Oil Strategy Proshares are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Fri Jan 2025 45.19 44.93 to 45.29 1.12% 1.12 times
02 Thu Jan 2025 44.69 44.69 to 45.13 1.18% 2.11 times
31 Tue Dec 2024 44.17 43.91 to 44.27 0.84% 0.32 times
30 Mon Dec 2024 43.80 43.73 to 44.00 1.25% 0.76 times
27 Fri Dec 2024 43.26 43.24 to 43.57 0.79% 3.67 times
26 Thu Dec 2024 42.92 42.92 to 43.54 -0.51% 0.56 times
24 Tue Dec 2024 43.14 43.13 to 43.37 0.58% 0.24 times
23 Mon Dec 2024 42.89 42.43 to 42.89 -0.35% 0.28 times
20 Fri Dec 2024 43.04 42.48 to 43.19 0.44% 0.47 times
19 Thu Dec 2024 42.85 42.84 to 43.62 -0.51% 0.59 times
18 Wed Dec 2024 43.07 43.07 to 43.88 -0.6% 1 times
17 Tue Dec 2024 43.33 42.94 to 43.38 -0.64% 0.93 times

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