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 […]
oil trading
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 […]
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 […]
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. […]
An important day for oil
Oil was no exception today and joined the sea of red in most markets, but for volume traders today was an interesting one when we […]
Futures trading in the US session and background to oil
As we start in the US futures session, Anna explains the background and forces now aligned as the price of oil collapses and triggers panic […]
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 […]
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 […]
Two great signals on oil
Crude oil is another commodity which has an interesting technical picture and certainly one for volume aficionados as there is a clear anomaly which has […]
Technical levels for oil once again in play!
In my post on oil of the 10th July, I highlighted the importance of the ceiling of resistance at $60.20 per barrel and whether this […]
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 inventories deliver, as indices tread water
It was commodities which have delivered some explosive price action over the last few days as strong moves in the US dollar have helped to […]