Where next for oil?
Following the recent surge higher in oil prices a look at the daily, weekly, and monthly charts for a view of where the commodity may […]
Oil
Update on oil
A quick look at the oil price ahead of this Wednesday’s OPEC meeting when the cartel is expected to raise daily output by 400k barrels […]
A pause point for oil on the monthly chart?
As we move into the new trading month, albeit a short one, I thought it would be worthwhile to consider the monthly timeframe for crude […]
$85 per barrel now in sight as bullish momentum continues for crude oil
A solid week for crude oil last week saw the commodity continue to develop further bullish momentum as expected and which has continued through into […]
Oil set for congestion after the recovery from the trap on the daily chart
The rout in oil prices on the 26th of November was another trap move which has much in common with that for Tesla, but in […]
Oil remains bullish after a volatile week of fundamentals
It was another volatile week for oil as we tested the $85 per barrel price level I outlined in my previous post but falling just […]
Oil dips and recovers it’s bullish momentum towards $85 per barrel
Over the last week or so we have seen the price of oil retrace, but the pullback on the daily chart has simply been a […]
Crude oil continues its bullish momentum and set to move higher still
As for gold, so for crude oil which contains to maintain a very bullish tone as I have been forecasting over recent posts for the […]
Bullish momentum for oil continues
As expected, oil has continued its longer-term bullish sentiment and is now moving firmly towards the $85 per barrel price target I highlighted some time […]
Day trading stocks and futures ahead of the FOMC
Day trading stocks and futures ahead of the FOMC along with both hard and soft commodities
Oil continues to maintain its bullish momentum
As I suggested in my last analysis for crude oil, the short term congestion duly arrived around the $76/$77 per barrel, but this weakness was […]
Another positive week for oil, but short term weakness ahead
It was another positive week for crude oil, which continues to develop the bullish momentum I suggested recently. In my last post, I wrote we […]
Where next for the price of oil?
I was taken to task recently by one of my readers who suggested my bullish analysis for oil was well off the mark and in […]
Oil emerging from the summer doldrums
As we emerge from the summer doldrums and markets return to full speed ahead in the final quarter of 2021, it’s time to check in […]
The daily pattern for the price of oil is repeating
The daily chart for the WTI September contract makes interesting reading at the moment as we head into the summer doldrums and for the time […]
Normal service resumed for oil, but expect congestion at $72.50 per barrel
The excitement following the recent OPEC meeting is now a dim and distant memory and as the waters calm following the market’s knee-jerk reaction, it’s […]
Volume reveals the truth behind the price action for WTI oil futures
The sharp sell-off for crude oil following OPEC’s announcement regarding supply management gave us another classic example of volume price analysis in action on the […]
Reasons to be cheerful for oil bulls
With the OPEC meeting front and centre stage, it’s time to consider the daily chart for the WTI futures contract once again as we come […]