WTI oil futures continue to build bullish momentum
Whilst one swallow does not a summer make, it was another positive day for the price of oil yesterday, with the WTI June futures contract […]
Oil
WTI oil continues to move higher ahead of inventories
It was another positive day for crude oil which continued its recent bullish momentum, moving firmly through the $60 per barrel price point to close […]
Mining and commodity stocks reflecting bullish momentum
With the CRB index now rebasing and base commodities starting to recover, mining and mining related stocks are now also reflecting the general uptrend, with […]
Oil builds bullish momentum following breakout
Much like gold, this was an interesting week for oil which until Thursday, had struggled to breach the well developed area of resistance that had […]
Resistance continues to build for crude oil advance
For long term oil traders it’s been another week where patience will be rewarded in due course, as the commodity continues to test the $58.50 […]
Finally something to cheer about for oil bulls
It’s been an interesting week for crude oil, which finally managed to find some bullish momentum, with only Friday’s close lower just failing to make […]
A key breakout for the USD/CAD on the daily chart
An extremely significant day for the USD/CAD yesterday, which finally ended its extended phase of congestion, a period of price action I have referred to […]
A double whammy for oil
The short term rally for crude oil came to a shuddering halt this evening, as two items of fundamental news helped to push the commodity […]
Crude oil remains heavily bearish with oil inventories coming!
Both the technical and fundamental picture for oil continue to remain heavily bearish, and even the short term effects of the problems in the Yemen, […]
All hands to the pump failing to keep oil afloat
In viewing the daily chart for oil, several analogies come to mind, and perhaps the best and most descriptive is of an old tramp steamer, […]
Oil remains under pressure on all sides
From a technical perspective, last week was a seminal one for crude oil with the commodity finally breaching the platform of support in the $48 […]
Oil picks up bearish momentum…again
Much as expected, the recent ‘rally’ for oil has been short lived, and as rumour and speculation swirl around the markets, with OPEC meetings first […]
Grab the darts and dartboard – its time for the weekly oil invetories
There are some occasions when one has to ask who produces the forecasts which are part and parcel of the fundamental news releases which are […]
Why are markets out of synch?
For speculative traders, the last few weeks have offered wonderful trading opportunities across all markets, and provided you have no directional bias, the opportunities are […]
Oil breaks through a key level
If oil bulls were hoping for some respite from the remorseless trend lower for crude oil, last week’s technical and fundamental news failed to deliver, […]
Can it go any lower? – oh yes it can! ( that’s oil by the way)
It was another ‘OMG can it go any lower’ day for oil yesterday as the February WTI futures broke below another psychological barrier in the […]
Not a happy new year for crude oil
As we come to the end of another trading year, very few traders would have believed oil would be centre stage along with the US […]
Canadian dollar picks up bearish tone from oil
As oil continues to move ever lower and with increasing momentum, it is the Canadian dollar which is catching the backwash and as the commodity […]