Tag: oil

Crude Oil Prices Rally But Cycles Suggest Correction

Crude Oil futures and the US OIL ETF (NYSEARCA:USO) traded 3% higher to nearly $73 on Wednesday morning, after the US government continued its...

COT Report: Crude Oil Rally Fueled By Short Covering

The chart and data that follow highlight non-commercial commodity futures trading positions as of June 19, 2018. This data was released with the June 22...

Crude Oil Reversal Sets Up Important Trend Line Test!

A swift 13 percent decline in WTI Crude Oil has grabbed investors attention. And this shows how quickly sentiment can change. WTI Crude Oil has been...

Crude Oil ETF (USO) Reversal: Should Bulls Be Concerned?

In our April post on this topic, we showed how the crude oil rally from last year's low was probably nearing its end. Although price...

Crude Oil Due For A Pullback? Watch Those Yearly Pivots!

Crude oil is pulling back a bit after testing the Yearly R2 resistance Pivot Point. WTI Crude Oil loves the Yearly Pivots! In 2016, the Yearly...

Crude Oil Update: Bullish Posture Has Room To Mid-$70’s

Quick update on West Texas Crude Oil (WTI).  Not much change to my view here. Crude Oil is currently sitting around $70/barrel after breaking out...

Commodities Compression: Price Nearing A Decision Point!

The commodities space has dealt investors a difficult hand over the past decade. Back in 2010/11, the Thomson Reuters Equal Weight Commodities Index peaked following...

Oil ETF (USO) Nearing Elliott Wave Reversal Area

Crude oil prices have made a significant break out of the long-term downward channel in recent months. This has led us to treat last...

Global Tension Leads To Oil Price Explosion, Aligned With Market Cycles

Tensions between the U.S. and Russia are mounting. The two global powers are at odds over their interests in the Middle East, and particularly Syria. The...

Crude Oil Trading Into Yearly Price Pivot Resistance

Crude Oil has been methodically working its way higher as risk-on has been en vogue. But it's nearing an important resistance level that many computer...

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