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 […]
price of oil
$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 […]
Oil futures remain bearish on the daily oil chart
The WTI December oil futures contract closed Friday’s oil trading session at $86.28 having traded in a narrow range for much of the day as […]
Oil forecast for WTI December futures
Like many other commodities yesterday, December oil futures traded in a narrow range, drifting back and forth and lacking both energy and direction, with the […]
WTI oil moves lower along with the CAD/JPY
Crude oil prices closed lower once again in yesterday’s futures trading session with the WTI November contract closing the session at 89.98 on the daily […]