Tag: oil
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). Â 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...
Crude Oil Technical Chart Update: Bulls Still In Charge
West Texas Crude Oil (WTI) is currently trading near $64/barrel, and appears to be breaking out of a bullish flag.
Oil has cleared chart resistance...
COT Report: Commodities Traders Cozy Up To Crude Oil
The following are charts and data showing non-commercial futures trading positions as of December 12, 2017.
This data was released with the December 15 COT...
Crude Oil Prices Pull Back From Highest Levels Since July 2015
West Texas Crude Oil (WTI) is currently trading just above $57/barrel, after pulling back from the $59 level.
The recent highs mark the highest level...
