Home » Posts tagged "brent oil prices" (Page 4)

Daily Oil Prices 17 Aug 2010

Another negative day for daily oil prices which ended the crude oil trading session lower once again but with a relatively narrow spread candle which suggests that the recent bearish phase may be drawing to a close.  Indeed in early oil trading this morning the...

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Daily Oil Prices 16 Aug 2010

The WTI crude oil contract continued lower on Friday having broken below the 40 day moving average and further confirming the short term bearish sentiment which had been evident throughout the week.  Once again daily oil prices failed to breach the $82.97, an area which...

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Daily Oil Prices 12 Aug 2010

A combination of Tuesday’s FOMC meeting, falling equity markets, IEA warnings of a fall in a demand for oil and a stronger dollar have all conspired to drive the WTI oil contract back towards the $75 per barrel price point.  From a technical perspective yesterday’s...

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Daily Oil Prices 10 Aug 2010

Yesterday’s inside day candle hinted at a possible reversal in daily oil prices which today ended as a wide spread down bar albeit with a long shadow to the base of the candle which managed to push the WTI contract back to the $80 per...

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Daily Oil Prices 9 Aug 2010

Friday’s price action in the wti oil contract ended with a wide spread down with wicks to both the top and bottom of the candle and brought to a temporary halt the recent breakout in daily oil prices and only the 9 day moving average...

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Daily Oil Prices 5 Aug 2010

Daily oil prices have been taking a breather over the past 2 oil trading session as the markets move deeper into the summer doldrums and contemplate tomorrow’s non farm payroll release.  Today’s oil trading session was characterised by thin trading volumes and a narrow trading...

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Daily Oil Prices 4 Aug 2010

Following the breakout on Monday from the pennant pattern, crude oil prices continued their upwards momentum ending yesterday’s oil trading session with a second, and subsequent, wide spread up candle which closed at $82.46 per barrel for the WTI crude oil contract.  This price level...

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Daily Oil Prices 2 Aug 2010

Daily oil prices bounced back on Friday having initially tested the $76.81 per barrel price handle, closed the oil trading week as a narrow spread up bar, but back above all four moving averages once again.  As such this candle has given us a strong...

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Daily Oil Price Analysis 30 July 2010

Following Wednesday’s long leg doji candle which gave us a strong oil trading signal, this was subsequently validated in yesterday’s oil trading session with the WTI contract breaking higher and closing marginally above all four moving averages once again.  The key to any longer term...

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Daily Oil Prices 29 July 2010

An interesting day for WTI crude oil prices yesterday, and following Tuesday’s sharp sell off, ended the oil trading session with a long legged doji candle, suggesting that we may see a bounce in crude oil prices over the next few days.  Having failed to...

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