Bullish momentum for oil continues
As expected, oil has continued its longer-term bullish sentiment and is now moving firmly towards the $85 per barrel price target I highlighted some time […]
trading oil futures
Another positive week for oil, but short term weakness ahead
It was another positive week for crude oil, which continues to develop the bullish momentum I suggested recently. In my last post, I wrote we […]
Oil prices remain bullish but now heading into a congestion phase on the monthly chart
The price of oil has continued to rise over the last few sessions as I suggested it would in my post of last week. At […]
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 […]
Volume price analysis signals solid reversal on WTI 4 minute chart
A classic example of price and volume in agreement over several candles rather than one, on the 4 minute chart for the WTI oil futures. […]
Bullish drivers for oil working in concert
As always, the technical and fundamental picture for oil is both mixed and confused with a variety of factors playing out for the commodity over […]
The technical picture for oil looks positive
The weekly chart for oil is an interesting one from a technical perspective, with last week’s price action adding further weight to the argument that […]
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 […]
Oil supply glut continues to weigh heavily
Despite comments from Venezuela suggesting an agreement to cut output, that has resulted in a bounce for oil this morning, last week was another negative […]