OIL (F)

Oil prices are down over one percent on Thursday. The declines come after the commodity rose to intraday highs of 62.22 before giving back the gains. The overall bias in crude oil remains to the upside. Therefore, unless there is strong…

WTI crude oil is showing signs of losing its bullish momentum. Price action is seen struggling to get a foothold above 60.00. This has led to price action being rejected over the past three trading sessions. For the moment, the overall…

WTI crude oil prices are giving back the gains after prices touched a new 13-month high earlier this week. The declines come after prices fell to fill the gap from last Friday at 59.55. With most of the intraday declines already pulling…

WTI Crude oil prices resumed the bullish momentum following three days of subdued trading. Prices settled at 59.55 on Friday, marking a new 11-month high. The rebound comes after oil prices briefly fell to the support area near 57.35.…

After dipping down to record levels in 2020, oil is now seen as the commodity to trade. The recent bullish rally has seen prices reclaim their pre-pandemic highs. Now traders are asking, just how much further can the black gold…

The recent pace of strong gains in the WTI crude oil market is seen to be slowing with prices likely to close flat for a second consecutive day. This could potentially see the onset of a short term correction in the markets. The initial…

WTI crude oil prices continue to maintain a strong bullish moment. Price action rose to fresh highs of 58.73. This makes price action likely to test the unfilled gap from January 20 last year at 59.47 However, with price now trading…

WTI crude oil prices are pushing lower following a six-day winning streak. Price action rose to a 13-month high prior to the pullback. But for the moment, the declines are likely supported near the 57.35 level of support. If price action…

WTI crude oil prices continue to post strong gains. Price action is now on track to post six consecutive days of gains. This has also pushed oil prices to highs last seen in February 2020. However, the current pace of gains comes with…

For most of the latter half of last year, crude prices remained largely stable, with WTI hovering just a little over $40/bbl. This could have gotten some traders used to a relatively flat price range for crude. But if one thing is true…