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 […]
where did oil tarde at yesterday?
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 […]
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 […]
Will they, won’t they for oil?
Following the postponement of the scheduled virtual OPEC meeting today, and which is now set for Thursday, it’s an apposite moment to consider both the […]
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 […]
Short term correction or longer term reversal for oil?
Short term correction or longer term reversal? This is the question many longer term oil traders are considering and whilst it is early days to […]
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 […]
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 […]