Crude Oil WTI

WTI Crude oil prices gave back the gains from earlier this week as prices are trading softer. The commodity is trading near the 33.66 level which has been somewhat difficult to break past. But, the Stochastics oscillator is positioned…
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Crude oil prices are trading rather flat with price action failing to post any strong moves. WTI Crude oil is flirting with the technical resistance level of 33.66. This follows the price action from last week. With a lower high…
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WTI Crude oil prices are up over 2% intraday on Thursday. The steady bullish trend in the commodity has pushed prices above the 30.00 threshold for the first time since mid-March. If this bullish momentum continues, crude oil will be…
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The rally in oil prices saw the commodity finally hitting the technical resistance level at 33.59. This comes as the commodity rose over 5% intraday on Wednesday. But with the Stochastics oscillator indicating a possible divergence,…
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Crude oil prices continue to trade higher. But prices are easing back after WTI crude oil rose to a two-month high in the previous session. The minor pullback could potentially see the bullish momentum pushing prices higher. The main…
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WTI crude oil prices are up by over 9% intraday. The commodity is back to the bullish trend after price consolidated over the past few sessions. The resulting breakout above 27.95 has now opened the way for WTI crude oil to test the…
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WTI Crude oil prices finally saw an upside breakout on Friday as the commodity rose to a two-month high. Price rose over 6.5% on Friday, settling at 29.79 to the barrel. The resistance level at 28.00 was strong and kept price confined…
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Oil prices are up over 3% intraday after the EIA report showed a drawdown in crude oil inventories on Wednesday. At the same time, Saudi Arabia’s Aramco reported that they will cut back on crude oil allocation to some Asian countries.…
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Price action in WTI crude oil markets have come to a standstill. Although trading above the 25.00 level, prices are trading rather flat. With only a modest lower high forming so far, this consolidation could see a breakout in the near…
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Price action in crude oil has turned rather flat. Although WTI is up close to 2% intraday, the bigger picture shows a trendless market Price action has, however, settled comfortably above the 25.00 level. As long as this level holds,…
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