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EIA inventories showed another decline for last week

Crude Oil has been making decent gains for more than a week and has climbed above the 50 daily SMA, but is facing further resistance Full Article

3 M

Crude Oil has lost around $5 in the last two trading days, as markets fear a surprise hike by the FED or hawkish comments Full Article

4 M
MAs continue to keep Oil down

Crude Oil is looking increasingly bearish again as MAs are keeping it down, while the slowdown in China is weakening the demand Full Article

4 M
Stochastic looks oversold for WTI Oil

Crude Oil stalled at the 50 SMA after a strong rally for several trading sessions, so we decided to open a sell Oil signal Full Article

5 M
The stronger USD is also weighing on Oil

Crude Oil has jumped $2 higher off the lows but the 100 SMA is acting as resistance where we decided to open a sell Oil signal Full Article

5 M
The stronger USD is also weighing on Oil

Crude Oil pushed above the $80 level and broke the 200 daily SMA which if turning into support will help turn the larger trend bullish Full Article

6 M
The stronger USD is also weighing on Oil

Crude Oil has been unable to push above the 200 SMA on the daily chart, as the global economy slows down Full Article

6 M
WTI Oil opened above $80

Crude Oil opened nearly $6 higher last night as OPEC and other Oil producing countries announced an unexpected production cut Full Article

6 M
Crude Oil remains uncertain at the end of the weekCrude Oil remains uncertain at the end of the week

Crude Oil returned above $70 this week after the reversal following the abating of the banking crisis, but fell below $70 again ahead of the Full Article

6 M
Will the downtrend resume again for Oil?

Crude Oil closed a bullish week as Saudis hiked prices, despite a huge buildup in the US EIA inventories Full Article

7 M
The stronger USD is also weighing on Oil

We have opened another sell Oil signal after our previous long-term trade hit the take profit target today, as the pressure remains down Full Article

8 M
EIA inventories showed another decline for last week

Crude Oil reversed lower from the 100 daily SMA last week, but bounced higher yesterday after the softer US earnings report Full Article

8 M

Yesterday crude Oil fell to $73.60 after opening with a bearish gap, but it reversed back up pretty fast Full Article

10 M
The stronger USD is also weighing on Oil

Crude Oil made a strong reversal on Monday but we're keeping a bearish bias, as the global risk sentiment remains negative Full Article

10 M
Buyers are in charge now as Oil declines

USD/CAD has been making gains since last week and the 20 SMA has turned into support on the H1 chart Full Article

10 M
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