Oil price war continues as OPEC tighten the screw
As we come towards the end of another trading month, crude oil price remain firmly rangebound as OPEC’s policy of taking on the alternative energy […]
Oil
A quartet of commodities approach key levels
A quartet of commodities have all seen identical price action on the day, and are now approaching key levels as a result. For gold bearish […]
There’s only one game in town for oil traders longer term!
For longer term oil traders, it is perhaps the weekly chart which sums up most concisely the current price action for the commodity, which could […]
Oil bears take control once again
It’s been an interesting few days for oil traders as OPEC’s decision and comments to take on the alternative energy market head to head in […]
WTI oil futures continue to build bullish momentum
Whilst one swallow does not a summer make, it was another positive day for the price of oil yesterday, with the WTI June futures contract […]
WTI oil continues to move higher ahead of inventories
It was another positive day for crude oil which continued its recent bullish momentum, moving firmly through the $60 per barrel price point to close […]
Mining and commodity stocks reflecting bullish momentum
With the CRB index now rebasing and base commodities starting to recover, mining and mining related stocks are now also reflecting the general uptrend, with […]
Oil builds bullish momentum following breakout
Much like gold, this was an interesting week for oil which until Thursday, had struggled to breach the well developed area of resistance that had […]
Resistance continues to build for crude oil advance
For long term oil traders it’s been another week where patience will be rewarded in due course, as the commodity continues to test the $58.50 […]
Finally something to cheer about for oil bulls
It’s been an interesting week for crude oil, which finally managed to find some bullish momentum, with only Friday’s close lower just failing to make […]
A key breakout for the USD/CAD on the daily chart
An extremely significant day for the USD/CAD yesterday, which finally ended its extended phase of congestion, a period of price action I have referred to […]
A double whammy for oil
The short term rally for crude oil came to a shuddering halt this evening, as two items of fundamental news helped to push the commodity […]
Crude oil remains heavily bearish with oil inventories coming!
Both the technical and fundamental picture for oil continue to remain heavily bearish, and even the short term effects of the problems in the Yemen, […]
All hands to the pump failing to keep oil afloat
In viewing the daily chart for oil, several analogies come to mind, and perhaps the best and most descriptive is of an old tramp steamer, […]
Oil remains under pressure on all sides
From a technical perspective, last week was a seminal one for crude oil with the commodity finally breaching the platform of support in the $48 […]
Oil picks up bearish momentum…again
Much as expected, the recent ‘rally’ for oil has been short lived, and as rumour and speculation swirl around the markets, with OPEC meetings first […]
Grab the darts and dartboard – its time for the weekly oil invetories
There are some occasions when one has to ask who produces the forecasts which are part and parcel of the fundamental news releases which are […]
Why are markets out of synch?
For speculative traders, the last few weeks have offered wonderful trading opportunities across all markets, and provided you have no directional bias, the opportunities are […]