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technical analysis

Crude Lifted By Bullish EIA Report

Less Than Expected Inventories Build Crude prices posted a small recovery yesterday in response to the latest report from the Energy Information Administration. The EIA reported that in the week ending February 21st, US crude stores were… Read More

USOIL: Recent Low Test Looks Bullish

The current USOIL structure indicates that the bearish cycle degree wave c has been completed. We expect the recent upside starting at the c wave’s low to form a standard zigzag, which points at a bullish corrective Ⓐ-Ⓑ-Ⓒ pattern of the… Read More