Home » Posts tagged "brent oil prices" (Page 3)

Daily Oil Prices 22 Sep 2010

Daily oil prices for the WTI oil contract are now building towards the creation of a strong pennant pattern on the daily chart which is centring around the $75 per barrel price point, as the complex continues to trade in an increasingly narrow range with...

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Daily Oil Prices 15 Sep 2010

Daily oil prices continue to struggle to find some traction with the WTI contract in particular dropping back in today’s oil trading session towards the $75 per barrel price handle and 9 and 14 day moving averages.  From a technical perspective this fall is not...

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Daily Oil Prices Analysis 13 Sep 2010

As daily oil prices attempt to cling to their recent gains  the commodity continues to trade in a narrow range oscillating between $70 per barrel to the downside and $85 to the upside, where prices have remained stagnant for almost a year.  Indeed the weekly...

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Daily Oil Prices 7 Sep 2010

Daily oil prices continue to hang on grimly to their recent short term gains whilst they struggle to hold at the 9 and 14 day moving averages.  Yesterday’s price action was muted to say the least and today has been little better, as the commodity...

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Daily Oil Prices 1 Sep 2010

The weekly chart for daily oil prices and the WTI crude oil contract in particular, provides an interesting perspective on the current state of the oil market.  The relentless sideways consolidation for crude oil appears to show no sign of reaching a conclusion continued last...

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Daily Oil Prices 26 Aug 2010

Daily oil prices bounced higher yesterday having initially reacted negatively the the bigger than expected build at Curshing.  This positive sentiment has carried over into this morning oil trading session but, from a technical perspective the move higher is not indicative of any longer term...

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Daily Oil Prices 25 Aug 2010

Daily oil prices continued to slide lower yesterday with the WTI oil contract breaking sharply below the $72 per barrel price point and adding further downwards pressure to the commodity.  With this breach of the support area at $72 per barrel daily oil prices can...

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Daily Oil Prices 24 Aug 2010

Daily oil prices moved lower once again in the oil trading session today, pushing below the $72 per barrel level to trade at time of writing at $71.67 and further extend the bearish trend of August.  With oil prices having extended losses for a fifth...

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Daily Oil Prices 23 Aug 2010

Daily oil prices continued lower once again on Friday following a week of sideways price action which hinted at such a move.  Friday’s candle on the WTI contract broke below the $74.30 price point which could have provided a modicum of support but which in...

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Daily Oil Prices 19 Aug 2010

Yesterday’s hammer candle on the WTI daily chart has failed to deliver the expected bounce with daily oil prices stubbornly refusing to move higher but rather falling lower and on towards the $74 per barrel region.  This bearish picture is further evidenced by the 9...

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