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 […]
wti oil futures
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 […]
May crude oil futures continue to remain bullish
May crude oil futures continued to climb higher once again in yesterday’s trading session, closing at $96.51 per barrel, with a narrow spread up candle […]
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 […]