OIL (F)

Oil continues to form a bullish impulse of a cycle degree. Recently, the cycle wave III which consists of primary sub-waves ①-②-③-④-⑤, fully completed. We are now seeing a slight corrective decline in the price in wave IV in the form…

USOIL hints at a global cycle impulse that consists of sub-waves I-II-III-IV-V. Impulsive wave III completed its pattern. It was formed by the primary sub-waves ①-②-③-④-⑤. Currently, cycle wave IV which is under development may have…

Oil prices are steady after rising to a new 13-month high. The gains come as the latest report shows a drop in US Crude oil output. The weaker dollar is also helping the commodity to maintain its hold. For the moment, prices are…

Oil prices managed to shrug off the uncertainty of the past few days with price action once again surging. On an intraday basis, spot crude oil prices rose over 3% in what is likely to be a strong recovery. The gains come after oil…

Oil prices surged higher intraday on Tuesday. Prices tested a new 13-month high of 62.96 in the early Asian trading session. However, since then, oil prices gradually drifted back lower. The test of support near 60.87 confirms that…

WTI crude oil prices are looking bullish with price action posting a strong recovery after the declines from Thursday and Friday last week. For the moment, price is yet to breakout above last Thursday’s highs of 62.22. But this is…

On Friday, WTI Crude oil prices closed with back to back losses. This led to the weekly price action closing in the red after prices briefly rose above 61.35 earlier in the week. The declines come after oil prices have been moving in a…

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…