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
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 […]
Back to where we started for oil
At the start of a new month the fundamental news cycle begins afresh, and all eyes were on the ISM figures for the US which […]
Oil trading in the US futures session on NinjaTrader – tick and time charts
In this session, we focus on trading oil on the NinjaTrader platform and the CL contract with some excellent scalping trades on both tick and […]
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 […]
Oil continues it’s bullish momentum following breach of resistance
In my post of the 28th March, I suggested that we were seeing a strong platform of price support develop in the $57.80 per barrel […]
Oil’s stately progress higher dented by inventory build
Since the start of the year, the progress for oil could best be described as stately, and over the last few days, we once again […]
Oil now developing bullish momentum
The daily chart for oil this year could best be described as lacklustre as oil prices have been in an extended phase of congestion, following […]
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 […]
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 […]
Some great trading lessons on NinjaTrader in all markets
Another great session with all the markets in focus from commodities and indices to stocks. Some great trading lessons here in all markets and timeframes […]
Oil just keeps delivering – so enjoy the ride!
It’s often hard to find trading opportunities which just deliver, and keep delivering, but for oil this has been the case over the last few […]
Gold, oil and US indices all in focus in the US session
More excellent VPA lessons in this week’s webinar during the US session as David and I focus on commodities, indices and stocks, and in this […]
Trading gold and other commodities in the US session
In this session David and I focus on day trading commodities in the US session and in particular gold which delivered some solid moves […]
Oil bears in control but expect a bounce
For oil traders and investors, this market has followed a similar path to that for gold with the bullish momentum of late 2017 and early […]
Oil pauses ahead of next OPEC meeting
Over supply in the oil market continues to dominate the longer term picture, and despite the recent rally in crude oil, statements from Saudi Arabia’s […]