Oil prices continue their stately progress higher
The word that comes to mind to describe the price action on the daily WTI oil chart is ‘stately’ with crude oil continuing to move […]
Oil
Slower timeframes reveal the future for oil
With so many traders keen to forecast the longer term prospects for crude oil, I thought it was time to add my own thoughts, and […]
Oil takes out one level, and now looks to the next!
When considering such as bearish chart as for crude oil, it’s interesting to play a mind game and consider it as perhaps a stock chart […]
Not a happy new year for WTI
For oil prices, the new year could hardly be described as happy, as the relentless decline in prices continues, with December’s pause now starting to […]
What I said, this time last year
As regular readers will know, every year I write an end of year analysis, with a look forward to what the new year is likely […]
Boom – WTI oil price crashes through the floor on rising volume
In my post of 5 days ago I highlighted how a confluence of factors had the potential to drive oil prices even lower, and down […]
Oil prices driven lower on fundamentals and technicals
These are interesting times for oil traders and speculators with Friday’s OPEC meeting in Vienna now on the horizon, and the question that will then […]
Oil taking centre stage on FED decision
One of the many factors used to decide whether a central bank should or should not raise interest rates is inflation, of which energy is […]
Trap move on 5 min CL chart
It was business as usual for the big operators on the 5 minute chart for oil, with the trap move clearly evident immediately after the […]
Oil prices – not waving but drowning!
I’m sure you have read, or maybe come across the poem by Stevie Smith entitled ‘Not waving but drowning’ which in many ways encapsulates the […]
CRB index and oil prices move in lock step
If you were wondering where oil was heading next,longer term, and wanted an alternative view for the commodity then the CRB index is certainly one […]
Patience pays off for oil traders as WTI market breaks away
For traders, one of the hardest disciplines to master is patience and for long term oil traders that patience is about to be rewarded. As […]
Patience required for trend traders of oil
One of the most difficult virtues a trader has to develop is patience, and even more so over the last few months where we have […]
VPOC reflects consolidation on daily oil chart
Following my analysis of oil earlier this week, the most significant change has been in the move lower for the volume point of control on […]
Has buying climax finally arrived in oil?
To say that oil prices have been volatile over the last couple of weeks, is rather like saying the price of gold is a little […]
The good news just keeps rolling in for oil traders
For oil traders and speculators the summer months continue to deliver stellar trading opportunities, and whilst equity investors are wringing their hands, the WTI contract […]
Oil prices – how low can they go?
When considering the chart for crude oil, there is really only one question to answer and it is simply this – how low can it […]
Oil continues to fall as OPEC tightens the screw
As speculative commodity traders, there are few occasions when it is hard not to make money, and certainly at present we have several stand out […]