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 […]
Oil
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 […]
Another solid week of gains for crude oil – so where next?
As expected it was another positive week for crude oil for the WTI August contract which closed at $74.05 per barrel, with bullish sentiment continuing […]
Is Marathon oil (MRO) set to make a marathon comeback?
Marathon Oil is certainly one stock to have on the radar right now and for several reasons, based on the daily chart, but also across […]
Another positive week for crude oil as expected with more to come
In last week’s post on oil, I suggested that WTI was heading towards $85 per barrel which drew some interesting comments considering it was trading […]
Oil now set to pick up the pace and on towards $85 per barrel
For an analysis of oil, I’m staying with the weekly chart as this really does make the technical picture extremely clear and one which I […]
Is oil set to break out from congestion on the daily chart?
For the purposes of this post on oil I’ve moved to the weekly chart for the commodity which continues to test the extremely strong level […]
The key technical level for oil on the daily chart
As we start another trading week I’ve simplified the daily chart for WTI oil to show more clearly the key technical levels which continue to […]
Trading futures with inflation now on the horizon and ahead of the FOMC
There is one fundamental item of news which is is increasingly dominating the headlines and that’s inflation, which is great for gold bugs but perhaps […]
Three technical reasons oil is rangebound
For a longer-term perspective on crude oil, I’ve stepped up to the weekly chart as oil continues to congest in the $60 to $65 per […]
Oil prices remain…………oil logged !
WTI futures oil prices continue to remain waterlogged, or perhaps that should be oil logged and it’s not hard to see why when we consider […]
The significance of the monthly oil chart
Of all the timeframes and charts for the WTI oil futures contract, it is perhaps the monthly which is the most revealing and one I […]
Day trading futures using volume price analysis for indices, commodities and currencies
In the second trading webinar, we focus on day trading index futures, commodities such as gold, and currency futures and using the volume price analysis […]
Where next for oil, assuming the blockage in the Suez canal can be cleared!
As outlined in several posts over the last few weeks, from a technical perspective oil looks to have reached its zenith for the time being […]
Oil continues to test this level, but once it’s breached, off we go again
I highlighted a key technical level for crude oil last week and as expected this has come into play and bringing with it a pause […]
Crude oil now testing a crucial technical level on the weekly chart
At the start of a new trading week, it’s time to check in on some of my regular market analysis, and this morning I thought […]
Where next for the price of oil?
Whilst the price of oil remains bullish it has settled at the price I suggested it would in my analysis of the last couple of […]
No surprises in the price of oil…..for traders who use volume!
The bullish momentum for oil has stalled in the last few days and as forecast in previous posts oil is now congesting around the $60 […]