Crude Oil WTI

Oil prices fell to the support near 37.66 as expected. The rebound off this level is also seemingly holding up for the moment. However, price action needs to close above this level to confirm that the support level is holding up for now.…
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WTI Crude oil prices are down over 3% intraday. The declines come just after prices touched a three-month high near 41.50. Following this gain, oil prices are trading back below the 40 handle which had proven to be a bit of a struggle to…
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Crude oil prices have managed to breakout above the 40.00 technical resistance level after struggling near this level earlier on. The move above 40.00 now sets the way for a potential test of the 50.00 level. However, this is assuming…
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Oil prices are back near the key technical resistance level of 40.00. Following the test of this level on Friday, prices pulled back lower. However, since the Asian session, oil prices have been trading rather flat near 40.00. A…
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Oil prices finally managed to push higher and hit the 40.00 psychological level. Following the gains to this resistance level, oil prices are pulling back. We expect prices to potentially pullback in the short term. The initial…
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WTI Crude oil prices are back on the front again after price is resuming its uptrend. Following the consolidation near the 37.67 level, oil prices are pushing higher. This could potentially set the stage for oil prices to rise to the…
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WTI crude oil prices are trading steadily above the key price level of 37.67. Price action has, however, failed to post any higher highs. As a result, we see a double top pattern emerging near 38.60. If this pattern is validated, then…
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WTI Crude oil prices are back on the forefront, rising over 3% intraday. The gains come on some fundamental bullish news and supports the upside in price action. At the time of writing, crude oil prices are comfortably trading above…
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Crude oil prices are posting modest gains, up over 1.4% on the day. This rebound comes after prices held up near the 34.42 technical support. To the upside, WTI crude oil is approaching the price level of 37.67. A breakout above…
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Oil prices' attempts to make a comeback helped somewhat. Price rose about 1.3% on Friday after the previous session’s strong selloff. As a result, WTI crude oil fell just a few points shy of the 34.42 level of support before reversing…
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