oil

Crude oil prices are trading mixed, following last Friday's bullish close. However, failure to breakout above the 40.00 level has kept price action subdued. The OPEC member nations including Russia are due to meet this week.… Read More

Oil prices managed to pare losses on Friday. However, price remains near the 40.56 level. We could expect volatility to rise as the OPEC+ leaders meet this week. The bias remains to the upside as a  move above the 40.50 level will signal… Read More

Crude oil prices are down nearly 2% on Thursday. The declines come after prices failed to make any major gains above the 40.00 handle. This has formed an ascending triangle pattern, which seems to be challenged at the moment. A… Read More

Crude oil prices are trading over one percent, brushing aside the unexpected rise in weekly stockpiles. The spot price of WTI crude oil is trading just a few points above the 40.00 handle, nearing the 41.00 level. Price action so far… Read More

Crude oil prices continue to trade softly with prices holding on above the 40.00 handle. But price action is now challenging the rising trend line from below. A breakout above this trend line will confirm a further upside in oil prices.… Read More

Oil prices are somewhat bullish on Monday. Price action is modestly trading above the 40.00 handle. But crude oil is not out of the woods yet. A clean breakout above 40.00 is required to confirm the upside bias. For the moment, prices… Read More

WTI Crude oil prices are back near the technical resistance level once again. This comes amid price action remaining caught within the trend line and the horizontal resistance level. Price action needs to breakout higher above this… Read More

Huge Inventories Drop Oil markets managed to retain a positive tone this week as the latest data from the Energy Information Administration offered some support. The EIA reported that in the week ending June 26th, US crude inventories… Read More

WTI Crude oil prices made an attempt to test the technical resistance level around the 40.18 - 40.42 region. However, prices were pushed lower immediately. For the moment, the consolidation is showing a squeeze in the price between the… Read More

WTI Crude oil prices once again dipped back to the major trend line to find support. Prices are inching closer to the 41 level of resistance which has held up firmly so far. This potentially puts the trend line at risk. If oil prices… Read More