The oil bear trap has been sprung
With all the recent headline news for oil, many have missed the trap on the daily chart for the WTI contract for June which has […]
analysis for oil
The first signs of buying on WTI daily chart
I highlighted stopping volume on the daily chart for WTI in last week’s analysis, and Friday’s price action provided further evidence of this as this […]
Stopping volume on the daily oil chart
The WTI futures contract for oil and the April contract is delivering some interesting price action on the daily chart, and one on which VPA […]
Oil continues with bullish momentum and more to come
In my previous post on oil, I suggested bullish momentum was returning for oil when the commodity was trading at $57.96 per barrel, but with […]
WTI crude oil futures continue in bullish tone
Crude oil futures started the week in bullish tone, with the April WTI contract closing higher at $94.81 per barrel, up almost $1.50 in the […]