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 at yesterday
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 […]
Rally for oil fades quickly
This week’s rally for oil was a short-lived affair. Monday’s rally was supported by good volume and followed on from the buying we saw in […]
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 […]
Stopping volume on the daily oil chart
The WTI futures contract for oil and the April contract is delivering some interesting price action on the daily chart, and one on which VPA […]
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 building a bullish platform
Another chart which is technically interesting is that for West Texas Oil on the weekly chart. This is another market I follow closely and in […]
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 […]
Where next for oil prices?
The question everyone is asking is where is the oil price heading next in the medium term, and for a possible answer we need to […]
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 […]
Oil price forecast
Crude oil futures continued to trade in a narrow range once again yesterday, with the December WTI futures contract closing the oil trading session at […]
WTI oil price analysis – 5th October 2012
WTI December oil futures ended yesterday’s oil trading session sharply higher, and closing at $92.07 dollars per barrel with a wide spread up bar, reversing […]