Oil inventories deliver, as indices tread water

It was commodities which have delivered some explosive price action over the last few days as strong moves in the US dollar have helped to propel related markets. And during the futures trading session it was oil that moved driven higher by the weekly oil inventories whilst the US indices traded in a narrow range once again. The indicators in focus were very much the accumulation and distribution indicator which describes levels of support and resistance clearly, and more importantly their relative strength. The volume point of control was also much in evidence in sideways markets, with the volatility indicator as always delivering clear signals of impending congestion phases and reversals.

About Anna 2016 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

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