OIL (F)

Crude oil prices are back trading on a weaker note a day after price posted a strong rebound. The declines came after the weekly US crude oil inventory report showed increasing stockpiles. With the oil markets already sensitive to… Read More

Oil prices are showing signs of life with price action up over 2% intraday on Wednesday. This comes after the commodity fell sharply on Tuesday to a three-month low. WTI crude oil reversed direction after hitting 36.50. With prices… Read More

Oil prices resumed the bearish outlook with declines of more than 7% on Tuesday. This comes after the US markets re-opened after being closed on Monday due to the Labor Day bank holiday. Oil failed to find any support near the 39.00… Read More

Oil prices continued to push lower with price action down for four sessions consecutively. The decline accelerated following Saudi Arabia cutting oil prices. This has pushed the commodity down to the 38.83 level of support. If price… Read More

The bearish outlook in WTI crude oil continues as price fell to a five-week low last week. Crashing below the 40.00 level, oil prices closed at 39.60 on Friday. The next key level of interest is at 38.83. A retest of this support… Read More

The declines in oil prices continue as prices touched a one-month low at 40.20 on Thursday. The declines come following a rebound in the US dollar. With prices trading near the 40.00 level, we could expect the sideways price action to… Read More

WTI Crude oil prices made modest attempts to rise intraday. However, the gains were erased quickly. Price action turned bearish into the mid-US trading session. Oil prices fell to the 42.00 handle. Just a few weeks ago this is the level… Read More

Oil prices are trading modestly higher but price action still remains below the 43.50 technical resistance. The downside is also supported as the consolidation in the commodity continues with a slightly bullish bias. The support level… Read More

WTI Crude oil prices made another attempt to test the 43.50 handle. However, prices were quickly rejected, pushing crude oil lower by close to $0.50. Price action is caught in a range within the 43.50 and 42.00 levels for the moment.… Read More

Oil prices closed slightly bearish on Friday but on a weekly basis, the commodity has logged four weeks of consecutive gains. Price action pulled back just after rising to a five-month high earlier in the week. The key resistance level… Read More