Crude Oil WTI

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

Crude Inventories Fall Again Crude oil prices have seen a drop in buying this week. Price moved into negative territory on Wednesday despite the latest data from the Energy Information Administration. In the week ending August 28th, the…
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

WTI crude oil prices are trading weaker on Thursday. This comes right after the commodity posted gains the day before. Oil prices initially rose after the storm was nearing the Gulf of Mexico, forcing oil producers to shut down…
Read More

WTI Crude oil is trading mixed after price action touched a new five-month high at 43.75. A minor resistance level is likely to emerge around the previous swing high in the 43.50 region. However, this level will prove to be critical.…
Read More