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Crude oil declined quite substantially this week, and it doesn't look that the decline will be over just yet. After a given market clearly moves in a certain direction, corrective moves are bound to happen. After all, no market can move in a ...
Crude oil moved above the previous highs and at the moment of writing these words, it's testing the upper border of the March price gap. And given the fundamental news that are reaching (and likely to reach) the market - the increasing Covid-19 ...
We previously wrote that while it was tempting to bet on crude oil's prices due to their weakness, it was not a good idea from the risk to reward point of view, as black gold didn't invalidate the breakout above the early-March high. And it was ...
Just like all good and bad things alike come to an end, so do "never-ending" rallies. Crude oil declined well over 5% today, which might mean that we already saw the end of the rally. But did we certainly see it? Will crude oil be trading lower ...
Crude oil soared higher yesterday and also in today's pre-market trading, which shows you why it was a good idea to remain cautious yesterday, even despite crude oil's breakdown below the rising support line. We previously wrote the following: We ...
In yesterday's Oil Trading Alert, we opened a long position based on crude oil's exceptional strength, and this position is already over $2 profitable. Crude oil is taking a breather today, but it doesn't seem that this pause is the end of the ...
From the unimaginable lows, crude oil is shaking off the dust. Moving higher, can it rise like a phoenix? Before moving to the technical part of today's analysis, it seems that a quote from yesterday's Oil Trading Alert would be appropriate: Crude ...
It appeared that the bears firmly took the reins of yesterday's session, but most of their gains were history before the closing bell. Have we seen an important turning point for oil? Let's start with the daily chart examination. Crude oil opened ...
Although oil bulls managed to push the futures higher and broke above the upper border of the rising green trend channel during yesterday's session, Monday's upswing turned out only temporary. Earlier today, crude oil futures opened the day with the ...
Let's recall our Friday's observations: (...) Crude oil futures extended gains, breaking above the upper border of the rising green trend channel during yesterday's session. This upswing took the futures right to the red gap. Let's see how this has ...
While crude oil futures moved higher yesterday, the bulls had no success closing any of the open three gaps - neither the pink, nor the orange, nor the red one. This relative weakness triggered a pullback and the futures finished the day below the ...
Let's take a closer look at the chart below and assess the likely crude oil price path ahead. Crude oil has broken above its previous peaks, and closed the September gap. While these are certainly bullish developments, the volume of yesterday's ...
Let's take a closer look at the chart below (chart courtesy of stooq.com ) and assess the likely crude oil price path ahead. Although black gold futures moved higher after our Alert was posted, the bulls couldn't sustain their breakout above the ...
The short-term situation still remains unchanged as black gold keeps trading inside the blue consolidation around the red support/resistance line. Examination of yesterday's price action shows that the bulls failed to break above the upper border of ...
In our Friday's analysis, we noted that: (...) The short-term situation hasn't changed much. Crude oil futures keep trading inside the blue consolidation and around the red support/resistance line and the 50% Fibonacci retracement. They're also ...
Let's take a closer look at the chart below and assess the likely crude oil price path ahead. We wrote these words yesterday, and they ring true also today: (...) The short-term situation hasn't changed much. Crude oil futures keep trading inside ...
In yesterday's Alert, we wrote the following: Crude oil moved higher last week, especially on Thursday and Friday. This rally was in tune with the clear buy signals from the CCI and Stochastic indicators. While crude oil pulled back in today's ...
Crude oil moved sharply higher yesterday, almost touching the previous August highs, but it didn't manage to break above them. The resistance that we outlined in the previous Oil Trading Alerts kept the rally in check, and we already see the result. ...
It turned out that the oil bulls haven't had much success yesterday either. And today isn't shaping up to be a much better day for them either. Yet, they have taken black gold higher from its daily lows already - does this mark some kind of a ...
So it happened - oil reversed lower and we were right there. While yesterday's downswing has been partially retraced, and oil is trading close to unchanged today, there're still plenty of valuable clues as to the upcoming price action. Let's dive in ...