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Crude Oil Trading Chart 27 May 2010

Tuesday’s deep hammer candle where crude oil prices broke marginally below the $67.50 per barrel price point, before recovering, has finally signalled a possible end to the recent bearish downswing and as a result we may expect to see daily oil prices rally in due...

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Crude Oil Trading Analysis 25 May 2010

News that even hedge funds are now bailing out of oil has seen prices to continue to fall further much as expected in the short term with the bearish momentum fully in play at present.  Today’s crude oil trading has continued to push prices towards...

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Crude Oil Trading Analysis 24 May 2010

Given the strength of the recent downwards trend in crude oil trading and its distorting effect on the daily oil chart, today’s analysis concentrates on the medium term with a look at the weekly oil chart.  In the last three weeks we have seen a...

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Oil Price Analysis 18 Jan 2010

Crude oil prices closed last week’s trading session significantly lower and from a technical perspective on the weekly chart with a wide spread down candle, but one which seems to be finding some support from the combined 9 and 14 week moving averages.  However, more...

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Oil Prices 1 Dec 2009

Weekly chart of WTI crude showing sideways drift of past few weeks & strong platform which should provide springboard for prices to breach and hold $80/$82 price region for bullish momentum to resume. What is the best oil trading platform?  In my view it is...

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DOE Forecast 28 Oct 2009

According to analysts the DOE data due for release later today is expected to show a rise in crude oil stocks of at least 1.4m barrels.  Gasoline and distillates are expected to fall by 1.2m barrels and 500k barrels respectively while refinining capacity is seen...

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DOE Forecast 29 Sep 2009

US crude oil stocks are forecast to fall in data due out tomorrow.  The figures covering week ended 25th September are expected to show crude oil inventories falling by 400k barrels.  Gasonline to rise by 1.1m barrels & distillates also rising by 1.1m barrels.  Refining...

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DOE Forecast 2 Sep 2009

Crude oil inventories are expected to fall by 400,000 barrels, according to the mean of 12 analysts’ forecasts.  Gasoline inventories are seen declining by 700,000 barrels while stocks of distillate, which includes heating oil and diesel, are expected to rise by 700,000 barrels.  Refinery use...

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