Home » Posts tagged "brent oil prices" (Page 6)

WTI Oil Trading Analysis 8 July 2010

Crude oil prices rebounded sharply higher yesterday ending the crude oil trading session as a wide spread up candle, closing marginally above both the 40 and 9 day moving averages but below the 14 and 200.  This rebound higher has come slightly earlier than expected...

Continue reading »

WTI Daily Oil Chart 7 July 2010

The WTI oil contract continues to trade lower and despite yesterday’s attempt to move higher the short term outlook for the complex remains bearish.  Indeed yesterday’s minor rally saw the WTI contract attempt to add $2 per barrel to the crude oil contract but was...

Continue reading »

WTI Oil Chart 6 July 2010

Welcome relief for oil traders this morning as crude oil prices are staging a minor recovery this morning following the recent pullback from $80 per barrel, with the commodity trading at $72.93 on the WTI contract at time of writing.  Yesterday’s price action was marked...

Continue reading »

Daily Oil Prices 2 July 2010

Yesterday’s wide spread down candle on the daily oil chart propelled crude oil prices back below all four moving averages once again and added a distinctly bearish tone to the commodity.  With the 9 day moving average now crossing below the 14 day moving average...

Continue reading »

Daily Oil Prices 1 July 2010

The short term rally in daily oil prices has run out of steam with crude oil breaking below the 40 day moving average during today’s oil trading session and re-testing support in the $72.50 region as the commodity struggles to break higher.  Even today’s dollar...

Continue reading »

Daily Oil Prices 29 June 2010

Crude oil prices failed to follow through on Friday’s strongly bullish breakout as the financial appear to have caught a severe case of the jitters with yesterday’s oil trading price action stuttered below the $80 per barrel region and closed the trading session as a...

Continue reading »

WTI Daily Oil Prices 28 June 2010

A strong performance for crude oil prices on Friday which ended the trading session with a wide spread up candle closing well above all four moving averages once again and confirming that the recent short term bullish trend remains firmly established.  This strong move higher...

Continue reading »

Daily Oil Prices 24 June 2010

Following Monday’s breakout for daily oil prices which promised a strong move higher, this has failed to materialise so far this week, with all three days ending as down candles. Whilst yesterday’s price action was once again lower for crude oil, the low of the...

Continue reading »

Daily Oil Prices 22 June 2010

Despite yesterday’s modest fall in daily oil prices crude oil continues to maintain a bullish tone as we hold position above all four moving averages in early trading.  Indeed the bullish nature of the daily chart was further confirmed this morning by early morning testing...

Continue reading »

Daily Oil Prices 21 June 2010

Crude oil prices continue to recover strongly from the low of late May with Friday’s bullish momentum converted into further positive sentiment this morning with a gapped up opening to the oil trading session which has seen prices move above $78 per barrel in early...

Continue reading »