Daily Crude Oil Prices 22 Oct 2010

Daily crude oil prices on the WTI oil chart moved lower in the oil trading session yesterday, ending as a relatively wide spread down candle which broke below both the 9 and 14 day moving averages once again as we continue choppy trading in a...

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Daily Oil Prices 20 Oct 2010

Crude oil prices, like many other asset groups in the commodity sector, suffered a sharp sell off yesterday following the news that China had decided to increase its interest rates by 0.25% which took the market by surprise, sending the dollar higher as a result....

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Daily Oil Prices 18 Oct 2010

The WTI daily oil price chart continued to consolidate in a sideways range, moving between $80.76 to the downside and $84.1 to the upside before closing the oil trading session at $81.48 per barrel and perched on the 14 day moving average.  As such we...

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Daily Oil Prices 15 Oct 2010

Daily oil prices continue to trade in a sideways range hovering below the $84 per barrel region but continuing to exhibit the positive sentiment of the last three weeks as they continue to hold above all four moving averages.  Yesterday’s candle ended as a narrow...

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Daily Oil Prices 12 Oct 2010

Daily crude oil prices for the WTI contract ended yesterday’s oil trading session as a relatively narrow spread down candle following an initial gapped up opening which saw the commodity touch an intra day high of $83.49 before closing the session lower at $81.95 per...

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Daily Crude Oil Prices 11 Oct 2010

Daily crude oil prices for the WTI oil contract closed sharply higher on Friday promptly reversing Thursday’s sell off and ending the week perched above the key technical level in the $83 per barrel region.  This price point is particularly important as it represents a...

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Daily Oil Prices 7 Oct 2010

The WTI daily oil price blasted through the minor resistance at the $82.97 price point ending the oil trading session as a relatively wide spread up candle but with wicks to the top and bottom signifying a somewhat volatile trading session which saw oil prices...

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Daily Oil Prices 5 Oct 2010

Having broken out strongly from the recent pennant pattern daily oil prices for the WTI oil contract are now hovering just below the key $82.97 per barrel price point last seen in early August.  From a technical perspective there is no reason to suppose that...

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Daily Oil Prices 4 Oct 2010

The WTI daily oil prices contract surged higher once again on Friday ending as a wide spread up candle which closed marginally below the $81.78 price and made it the third consecutive day of strong gains for crude oil.  The breakout was triggered on Wednesday...

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Daily Oil Prices 30 Sep 2010

As forecast in Tuesday’s daily oil prices commentary the pennant pattern which had been forming on the WTI oil chart over the past few weeks, duly delivered the spectacular breakout we expected, with crude oil closing yesterday at fractionally below $78 per barrel.  The wide...

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