Oil Prices 22 Nov 2010

Crude oil prices closed lower last week ending the week and the oil trading session as a relatively narrow spread down candle which found solid support from the 9 week moving average, suggesting a possible platform of support in the technical area.  Despite the negative...

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Oil Prices – Oil Price Chart Today

Oil prices have recovered their poise somewhat today following the sharp sell off over the last six days which has seen crude oil fall from a high of $88.62 last week to a low of $80.64 per barrel in yesterday’s oil trading session.  Following the...

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Daily oil prices – 16th November 2010

Friday’s sharp sell off for crude oil on fears of rising inflation in China and a consequent interest rate rise, were duly quelled over the weekend as the Peoples Bank of China decided not to raise rates which had triggered the falls as rumours swept...

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Daily Oil Prices 10 Nov 2010

A day of consolidation in yesterday’s oil trading session for the WTI contract, which saw the commodity trade in a narrow range between $87.63 to the upside and $85.48 to the downside before ending as a doji candle at $86.38 per barrel.  Despite the price...

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Daily Oil Prices 9 Nov 2010

Following the breakout for the WTI crude oil contract from its recent pennant formation, daily oil prices have continued to move higher in this morning’s early oil trading session with daily crude oil prices at time of writing $87.30 per barrel, as we now look...

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Daily Crude Oil Prices 8 Nov 2010

Following the breakout of crude oil which saw the commodity move firmly away from the $84 per barrel region and the subsequent pennant pattern, the longer term outlook now looks firmly bullish with crude oil prices set to move towards $100 per barrel and beyond....

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Daily Crude Oil Prices Break Higher

The long awaited breakout from the recent pennant formation for daily crude oil prices finally arrived this week aided and abetted by the FOMC statement yesterday with daily oil prices surging higher, as expected and as we have been forecasting for some time.  In today’s...

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Daily Crude Oil Prices 1 Nov 2010

Last Friday’s candle on the WTI oil chart hinted at a possible rise in daily crude oil prices with the candle exhibiting bullish intent, despite closing marginally below both the 9 and 14 day moving averages.  This was duly delivered in today’s oil trading session...

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Crude Oil Price 29 Oct 2010

The crude oil price for the WTI contract ended yesterday’s trading session as a narrow down spread candle which perched delicately on the 9 day moving average and traded in a narrow range once again as the pennant formation continues to build, in much the...

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Daily Crude Oil Prices 25 Oct 2010

Daily crude oil prices on the WTI chart closed last week marginally below the 9 and 14 day moving averages which are now set to define the trend for daily oil prices moving forward and in the next few weeks we are likely to see...

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