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 […]
oil trading
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 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 […]
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 […]
A tale of two commodities – oil and gold
An interesting phase of price action for two of the most precious commodities over the last few days, with both gold and oil, testing key […]
$100 per barrel continues to hold for oil – just!
Another week of restrained price action for crude oil, with the December futures contract closing at $103.84 per barrel, up just over $1.40 per barrel […]
What are the driving forces for oil at present?
One of the questions that commodity traders constantly ask themselves, is the often imponderable one of ‘what is driving the price’, and for oil at […]
Crude oil remains volatile
In my previous post on oil I suggested we were waiting for a clear breakout from the recent extended phase of sideways price congestion which […]
Prepare for possible breakout in oil
Whilst stock traders would have done well, to sell in May and go away, oil traders may also now be wishing they had followed this […]
Where next for WTI crude oil futures?
The WTI September crude oil futures contract is now building into an interesting phase of price action, and in many ways is mirroring a similar […]
Crude oil futures now testing key level
An interesting technical picture is now starting to develop on the daily chart for crude oil following a period of some volatility in the light […]
Crude oil breaks higher but watch the volume!
A quick update on the oil price, in particular the WTI September contract, following its recent breakout and move. The question now is how high is […]
Crude oil pausing and preparing to break higher
Following the recent bullish breakout for crude oil, the commodity has now paused for breath as it continues to consolidate in the $105 to $107 […]
WTI oil futures preparing to move higher
A very pretty picture on the daily WTI futures chart for oil bulls last week which saw the commodity surge higher in an inverted “waterfall” […]