Crude oil analysis

The latest report from the Energy Information Administration showed that US crude oil inventories last week fell back to their lowest levels since 2015. In the week ending August 31st, commercial US crude stocks shrank by 4.3 million… Read More

As we advised last week and as we can see from our previous chart; Crude oil managed to break above the resistance level of 62.60. Here the market may have a chance to sustain any advances made as the next resistance level lies at the… Read More

As we advised last week and as we examined in our previous charts: Crude oil managed to break above the resistance level 62.60, where the market may have a chance to sustain its gains as the next resistance lies at the 66.00-60 zone.… Read More

Crude Oil (WTI) is keeping its bearish trend, after posting 12-year lows last Thursday over the widespread concerns regarding the Middle East and China’s economic evolution. On the NYME (New York Mercantile Exchange), West Texas… Read More

The end of last week found the EUR/USD major lingering in the 1.0780 area, due to latest German data release. There was no significant recoil in the trend after the publication of Germany's GDP (Gross Domestic Product) figures, which falls… Read More

On Monday, the European currency kept its ground in the moments following the German IFO (The Institute for Economic Research) release, with the EUR/USD major gravitating around the 1.1030/40 point. The German indicator surprised the… Read More

WTI Crude Oil futures has been in the news for the most of last week as prices attempted to stage a strong rally after staying range bound for nearly 5 weeks after hitting a multi-year low to $39.86. As of Friday, 9th October, NYMEX Crude… Read More