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 […]
commodity oil trading
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 […]
Analysis for crude oil over the daily, weekly and monthly timeframes
At the start of another trading week I thought it would be good to check in on oil again which I’ve been writing about during […]
All about levels for oil prices
Levels are now in play on the daily chart for WTI futures with two in particular helping to define and shape the technical picture as […]
Bullish sentiment for oil continues
Solid gains for oil this morning as the WTI futures contract continues to build on bullish momentum and following on from the break away from […]
Rally for oil fades quickly
This week’s rally for oil was a short-lived affair. Monday’s rally was supported by good volume and followed on from the buying we saw in […]
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 […]
A tale of two commodities – oil and gold
An interesting phase of price action for two of the most precious commodities over the last few days, with both gold and oil, testing key […]
$100 per barrel continues to hold for oil – just!
Another week of restrained price action for crude oil, with the December futures contract closing at $103.84 per barrel, up just over $1.40 per barrel […]
What are the driving forces for oil at present?
One of the questions that commodity traders constantly ask themselves, is the often imponderable one of ‘what is driving the price’, and for oil at […]
Crude oil remains volatile
In my previous post on oil I suggested we were waiting for a clear breakout from the recent extended phase of sideways price congestion which […]
Prepare for possible breakout in oil
Whilst stock traders would have done well, to sell in May and go away, oil traders may also now be wishing they had followed this […]
Where next for WTI crude oil futures?
The WTI September crude oil futures contract is now building into an interesting phase of price action, and in many ways is mirroring a similar […]
Crude oil futures now testing key level
An interesting technical picture is now starting to develop on the daily chart for crude oil following a period of some volatility in the light […]
Crude oil breaks higher but watch the volume!
A quick update on the oil price, in particular the WTI September contract, following its recent breakout and move. The question now is how high is […]
Crude oil pausing and preparing to break higher
Following the recent bullish breakout for crude oil, the commodity has now paused for breath as it continues to consolidate in the $105 to $107 […]
WTI oil futures preparing to move higher
A very pretty picture on the daily WTI futures chart for oil bulls last week which saw the commodity surge higher in an inverted “waterfall” […]