Weakness in oil signaled with volume in the recent rally
Time to revisit the daily chart for oil, and as I forecast last week, the recovery off the plunge lower looked weak, and we could […]
crude oil
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” […]
Oil surges higher – inventories and Egypt support the technical picture
A quick update on oil as it breaks through the $100 per barrel price point accompanied by high volume, a classic breakout which is validating […]
Crude oil now preparing to test $100 per barrel
As I wrote at the end of last week, crude oil futures were looking in bullish mood and as I suggested at the time, provided […]
WTI remains rangebound
The September WTI crude oil contract continues to oscillate between $91.50 to the downside and $97 to the upside, refusing to attack the $100 per […]
Crude oil now finely balanced above support level
An interesting period of price action for oil traders over the last few days, as the short term negative sentiment of early May was duly […]
WTI crude oil continues in sideways price congestion
WTI crude oil futures continued to trade in a narrow range once again today, oscillating between the $86 and $88 per barrel region, as the […]
Oil Drifts Sideways
The weaker dollar is not assisting any move in crude oil at present which has currently stalled in the $91-$92 per barrel area following its […]
Outlook for gold, silver and oil in 2011
One of the best performing markets in 2010 has of course been commodities, with many sectors developing strong bullish trends, particularly in the metals complex, […]