Home » Posts tagged "current oil price" (Page 3)

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...

Continue reading »

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...

Continue reading »

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...

Continue reading »

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...

Continue reading »

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...

Continue reading »

Daily Oil Prices 29 Sep 2010

Daily oil prices continue to trade in a very narrow range characterised in yesterday’s oil trading session by a long leg doji candle which touched $77 per barrel to the upside and $75.50 to the downside before closing at the midpoint.  Yesterday’s price action replicated...

Continue reading »

Daily Oil Prices 23 Sep 2010

Yesterday’s long legged doji candle on the daily WTI oil chart hinted at a possible pause point and potential reversal for crude oil, but so far in early trading this morning this has failed to materialise with the commodity drifting lower once again to trade...

Continue reading »

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...

Continue reading »

Daily Oil Prices 20 Sep 2010

The WTI crude oil futures contract continues to trade in a consolidation phase oscillating between $70.76 to the downside and $82.97 to the upside.  As such the oil market remains undecided as to any firm trend waterlogged in this trading range and currently exhibiting no...

Continue reading »

Daily Oil Prices for WTI 17 Sep 2010

Daily oil prices in the spot market followed a similar pattern to the WTI crude oil futures contract yesterday ending the oil trading session as a wide spread down candle which closed fractionally below the $74 per barrel price handle, breaking through both the 9...

Continue reading »