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 […]
day trade oil
Oil developing in congestion and preparing to move higher
Next a look at oil, and again from my post of last week this is what I suggested on the daily chart: Note the high […]
Oil takes out a key price level
In my last post for oil I highlighted the well developed area of support at the $58 per barrel region and its significance to the […]
Oil building a bullish platform
Another chart which is technically interesting is that for West Texas Oil on the weekly chart. This is another market I follow closely and in […]
A balancing act for oil
As we come to the end of another trading year, oil is now balanced at a delicate tipping point, both fundamentally and also technically in […]