Where next for the price of oil?
I was taken to task recently by one of my readers who suggested my bullish analysis for oil was well off the mark and in […]
where next for oil prices
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 […]
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 […]
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 […]
Is the oil rout over?
For oil traders and speculators over the longer term, red had certainly been the dominant colour over the last two months with the WTI contract […]
Crude oil now finely balanced above support level
An interesting period of price action for oil traders over the last few days, as the short term negative sentiment of early May was duly […]
WTI Struggling To Regain Bullish Momentum
Following the bullish recovery for crude oil of the last two weeks, which saw the commodity recover from the lows of $86 per barrel to […]
Forecast for December WTI crude oil futures
The December WTI contract for oil closed marginally higher yesterday, closing the oil trading session at $87.09 per barrel, as the commodity attempts to find […]
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 […]