All about levels for oil prices
Levels are now in play on the daily chart for WTI futures with two in particular helping to define and shape the technical picture as […]
where did oil trade yesterday?
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 […]
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 […]
Stopping volume on the weekly oil chart
In my last post for oil I wrote the following: So where next for oil? Another key level awaits below at $55 per barrel and […]
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 […]
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 […]
Oil continues its bullish momentum
Oil is the second of our commodities much in focus today, with Friday’s knee jerk reaction to the geopolitical events propelling it higher on the […]
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 now developing bullish momentum
The daily chart for oil this year could best be described as lacklustre as oil prices have been in an extended phase of congestion, following […]