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 […]
Oil
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 […]
The only question……….which trades to take!!
An extraordinary day as the markets moved sharply lower, driven by fears of the virus now spreading globally, and with the ‘p’ word now front […]
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 […]
Stopping volume on the weekly oil chart
In my last post for oil I wrote the following: So where next for oil? Another key level awaits below at $55 per barrel and […]
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 […]
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 […]
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 levels and fundamentals in play today, and watch the Canadian dollar
As always, Wednesday is an interesting day for oil traders and speculators with the weekly oil inventories release due later, and one which is forecasting […]
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 […]
Oil develops bullish momentum……. thanks to the US dollar
Oil is yet another commodity that has benefited from weakness in the US dollar and which has certainly helped to reverse the strong bearish trend […]