Oil breaks through a key level
If oil bulls were hoping for some respite from the remorseless trend lower for crude oil, last week’s technical and fundamental news failed to deliver, […]
Oil
Can it go any lower? – oh yes it can! ( that’s oil by the way)
It was another ‘OMG can it go any lower’ day for oil yesterday as the February WTI futures broke below another psychological barrier in the […]
Not a happy new year for crude oil
As we come to the end of another trading year, very few traders would have believed oil would be centre stage along with the US […]
Canadian dollar picks up bearish tone from oil
As oil continues to move ever lower and with increasing momentum, it is the Canadian dollar which is catching the backwash and as the commodity […]
Oil bloodied and battered as the mauling continues
If oil were one of the protagonists in a boxing match, the fight would have been stopped long ago with crude oil battered bruised and […]
The battle lines for oil have been drawn
Last week was an interesting one for oil traders, with the rally of Monday promising much, only for this move to be snuffed out during […]
A tale of two commodities
To say the last few days have been a roller coaster ride for commodities would be an understatement, with both oil and gold providing some […]
Oil prices fall as OPEC remains calm
As we come to the end of a holiday shortened week with Thanksgiving celebrations in the US, crude oil has continued its relentless bearish trend […]
Even oil inventories fail to put the brakes on
For oil traders and speculators hitting the sell button has become almost automatic, as the heavily bearish tone for the commodity shows no signs of […]
Over supply of oil continues to drive prices lower
It was a day of muted trading for oil yesterday, with both the US and Canada observing a public holiday in honor of their war […]
Oil picks up bearish momentum ….again
For longer term oil traders it’s been a question of being patient and waiting, as the commodity continued to consolidate in a narrow trading range, […]
Crude oil continues to trade in a narrow range
For crude oil traders it’s been a question of keeping an open mind, ignoring the news, and trading what you see on the chart as […]
Is oil now building a platform of support?
The last few days have been interesting ones for crude oil traders, with the commodity mirroring the volatile price action and associated volume profiles of […]
Let’s hear it for the oil speculators!
Let me start this analysis for oil, by highlighting an issue which I always find deeply ironic which is this – when oil prices rise […]
Bearish tone continues for crude oil
Bearish momentum for crude oil has continued overnight and into today’s oil trading session, with the WTI November contract moving firmly lower on the daily […]
Bears tighten their vice like grip on commodities
Yesterday’s trading session for commodities was an interesting one to say the least, with oil prices slumping, gold prices whipsawing, and silver prices breaking lower […]
A defining week ahead for crude oil
It’s been a month of congestion and consolidation for crude oil prices, with the commodity driven by a variety of forces, but as we approach […]
Crude oil marks time, along with the US dollar
September’s been an interesting month of price action for oil traders, as the WTI contract continues to bounce around, driven back and forth by a […]