EIA Inventories Draw Sends Crude Oil Prices Toward $80
Oil prices have turned bullish again today, jumping $1.50 higher as EIA crude Oil inventories showed a considerable drawdown for last week. Full Article
Oil Prices Back at $80 After EIA Inventories
Crude Oil continues to show resilience, as Oil prices continues to find support on dips. It has been sticking around $80 where OPEC wants Full Article
Oil Prices Attempt to Break Above $80 as OPEC Extends Output Cuts to Q2
Oil prices exhibited mostly bullish behavior last week, with West Texas Intermediate (WTI) surpassing $80, as OPEC+ announced an extension.. Full Article
Oil Prices Jump $2 and Retreat Quickly After EIA Inventories
Crude Oil prices went on a round trip in the US session, with WTI crude jumping $2, but retreating again after failing at the $80 resistance Full Article
Oil Prices Jump As OPEC Confirms Extension on Production Cuts
Crude Oil has been showing resilience lately and WTI crude just jumped more than $1 after OPEC announced that they will extend output cut Full Article
Oil Prices Remain on An Uptrend, As Dips Find Buyers
Oil prices continue to be bullish, with WTI crude Oil bouncing $2 higher yesterday, after diving by the same amount on Friday. Full Article
OPEC Plans to Extend Production Cuts but Crude Oil Prices End Lower
WTI crude Oil prices are bouncing between MAs, reversing from the top on Friday despite OPEC output cut extension plans Full Article
Crude Oil Continues to Gain, Despite the Pullback in Risk Assets
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
Crude Oil Continues the Slide on FED Surprise Fear
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
Crude Oil Resumes Decline As China Manufacturing Contracts Further
Crude Oil is looking increasingly bearish again as MAs are keeping it down, while the slowdown in China is weakening the demand Full Article
Oil Recovery Stalls at the 50 SMA on Recession Fears
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
Selling the Jump in Crude Oil at Moving Averages
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
Oil Will Be Considered Bullish If the 200 SMA Holds As Support
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