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Where next for daily oil prices ?

Crude oil futures continued to trade in a narrow range yesterday, with the October WTI contract closing the day marginally lower at $95.36 per barrel, having reached an intraday high of $96.03 during the oil trading session. Following the recent breakout from the sideways consolidation...

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Daily Oil Prices 1 Dec 2010

A volatile week for crude oil trading so far with Monday’s strong breakout promptly reversing yesterday as crude oil prices pulled back as a wide spread down candle which found solid support from the 14 day moving average.  Indeed this volatile price action has continued...

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Daily Oil Prices 10 Nov 2010

A day of consolidation in yesterday’s oil trading session for the WTI contract, which saw the commodity trade in a narrow range between $87.63 to the upside and $85.48 to the downside before ending as a doji candle at $86.38 per barrel.  Despite the price...

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Crude Oil Price 29 Oct 2010

The crude oil price for the WTI contract ended yesterday’s trading session as a narrow down spread candle which perched delicately on the 9 day moving average and traded in a narrow range once again as the pennant formation continues to build, in much the...

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Daily Crude Oil Prices 22 Oct 2010

Daily crude oil prices on the WTI oil chart moved lower in the oil trading session yesterday, ending as a relatively wide spread down candle which broke below both the 9 and 14 day moving averages once again as we continue choppy trading in a...

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Daily Oil Prices 20 Oct 2010

Crude oil prices, like many other asset groups in the commodity sector, suffered a sharp sell off yesterday following the news that China had decided to increase its interest rates by 0.25% which took the market by surprise, sending the dollar higher as a result....

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Daily Oil Prices 18 Oct 2010

The WTI daily oil price chart continued to consolidate in a sideways range, moving between $80.76 to the downside and $84.1 to the upside before closing the oil trading session at $81.48 per barrel and perched on the 14 day moving average.  As such we...

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Daily Oil Prices 15 Oct 2010

Daily oil prices continue to trade in a sideways range hovering below the $84 per barrel region but continuing to exhibit the positive sentiment of the last three weeks as they continue to hold above all four moving averages.  Yesterday’s candle ended as a narrow...

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