Commodities

Why this low could be a bottom.

November 30, 2018 Rod David 0

A number of factors have begun aligning with each other, offering Crude Oil an opportunity to end its two-month collapse from trading 50% higher. That two-month old 76.55 high had been the first breakout from […]

Commodities

WTI Cracks Below 50 Bucks A Barrel

November 29, 2018 Akif Din 0

WTI Crude Oil maintained its miserable theme with prices falling below 50 bucks a barrel. An increase in US crude inventories and uncertainty around an upcoming OPEC meeting is keeping oil markets under pressure.  US […]

Commodities

WTI – 200 week MA broken last week

November 26, 2018 Guven Baykus 0

The sales pressure continued last week and we saw an unexpected weekly closing below its 200 week SMA at 52.2. The main reason behind the downward trend in prices is supply and demand imbalance. Even though […]

Forex

Where will oil stop?

November 23, 2018 Rajan Dhall MSTA 0

The down move in CL futures (WTI) has been relentless, looking at the volume profile chart you can see there is a big area of interest on the horizon The area between $47-49/bbl shows a […]

Commodities

WTI bearish but short-term oversold

November 22, 2018 Ben Yung 0

WTI futures was trading at 54.39 levels in later afternoon Wednesday.   Monthly chart shows that WTI futures have been trading in a wide but narrowing range since its historical high in 2008. The wider […]

1 2 3