{"id":57051,"date":"2010-08-13T10:28:19","date_gmt":"2010-08-13T00:28:19","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2010\/08\/13\/crude-oil-back-below-us70\/"},"modified":"2010-08-13T10:28:19","modified_gmt":"2010-08-13T00:28:19","slug":"crude-oil-back-below-us70","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2010\/08\/13\/crude-oil-back-below-us70\/","title":{"rendered":"Crude Oil Back Below US$70 ?"},"content":{"rendered":"

\n\tBy Rudi Filapek-Vandyck<\/p>\n

\n\tThe TechWizard has been closely observing the oil futures market this week. He has noted price support has been very weak as global risk appetite took a few steps back on more weak economic indicators.<\/p>\n

\n\tRight now, reports the Wizard, crude oil futures are sitting on a trending line on weekly price charts. If this trendline breaks down to the downside he believe accelerated selling should be expected, potentially sending the price down to US$65\/bbl.<\/p>\n

\n\t\"\"<\/p>\n

\n\tVarious market indicators tell the Wizard the rally into August that took oil futures above US$80\/bbl was a very weak one. His current bias is thus to the downside.<\/p>\n

\n\tThe TechWizard is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au<\/a> The views expressed are his and not FNArena's (see our disclaimer).<\/p>\n","protected":false},"excerpt":{"rendered":"

The TechWizard believes more weakness should be expected for the price of crude oil.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[24],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57051"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=57051"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57051\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=57051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=57051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=57051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}