Home » Posts tagged "brent oil prices" (Page 5)

Daily Oil Prices 28 July 2010

The effect of a weaker US dollar still does not appear to be influencing daily oil prices as evidenced by yesterday’s wide spread down candle which failed to continue to add further to last week’s upwards momentum.  $80 per barrel now appears to be a...

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WTI Crude Oil Chart Analysis 26 July 2010

With the markets fully expecting a bout of dollar weakness as evidenced on the usd index chart, the main beneficiaries of such a trend may be commodities and as such we should expect to see a move higher for crude oil prices.  From a technical...

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Daily Oil Prices – WTI Oil Chart 23 July 2010

The WTI crude oil contract rallied sharply yesterday closing on the daily oil chart with a wide spread up candle which ended the trading session at $79.40, and marginally below the psychological $80 per barrel level.  Yesterday’s positive sentiment finally broke daily oil prices out...

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Daily Oil Prices – WTI Contract 22 July 2010

The WTI crude oil contract continues to trade sideways in a narrow range with yesterday’s relatively narrow spread down candle finding support from the 9 day moving average. The longer this price action continues then the more defined the pennant pattern becomes and with each...

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Daily Oil Prices 20 July 2010

The WTI crude oil contract continues to trade in a narrow range consolidating around the $77 per barrel region, and as outlined in yesterday’s oil market commentary is now in the process of forming a pennant pattern on the daily oil chart.  Yesterday’s price action...

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WTI Crude Oil Chart 19 July 2010

Another indecisive week for wti crude oil which finished on the weekly oil chart as a doji cross candle firmly enmeshed amongst all of our four moving averages.  As such it is providing little in the way of trading signals at present other than to...

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WTI Crude Oil Chart 16 July 2010

Over the past few weeks oil trading has become extremely tricky as the broader market tries to establish whether the global economy is recovering or likely to tumble back into recession and evidence of this uncertainty can be seen in the monthly WTI crude oil...

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WTI Oil Chart Analysis 15 July 2010

Tuesday’s bullish momentum in daily oil prices failed to carry through in Wednesday’s oil trading session which saw the complex appearing to run into resistance at the 200 day moving average and ending the oil trading session as a shooting star candle and signalling possible...

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Daily Oil Price Chart Analysis 13 July 2010

WTI crude oil prices traded in a narrow range yesterday ending the oil trading session as a relatively narrow spread down candle with small wicks to the top and bottom and confirming once again the market’s general lack of direction at present.  From a technical...

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