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Daily Crude Oil Prices 1 Nov 2010

Last Friday’s candle on the WTI oil chart hinted at a possible rise in daily crude oil prices with the candle exhibiting bullish intent, despite closing marginally below both the 9 and 14 day moving averages.  This was duly delivered in today’s oil trading session...

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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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Daily Oil Prices 15 Sep 2010

Daily oil prices continue to struggle to find some traction with the WTI contract in particular dropping back in today’s oil trading session towards the $75 per barrel price handle and 9 and 14 day moving averages.  From a technical perspective this fall is not...

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Daily Oil Prices 7 Sep 2010

Daily oil prices continue to hang on grimly to their recent short term gains whilst they struggle to hold at the 9 and 14 day moving averages.  Yesterday’s price action was muted to say the least and today has been little better, as the commodity...

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Daily Oil Prices 26 Aug 2010

Daily oil prices bounced higher yesterday having initially reacted negatively the the bigger than expected build at Curshing.  This positive sentiment has carried over into this morning oil trading session but, from a technical perspective the move higher is not indicative of any longer term...

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Daily Oil Prices 25 Aug 2010

Daily oil prices continued to slide lower yesterday with the WTI oil contract breaking sharply below the $72 per barrel price point and adding further downwards pressure to the commodity.  With this breach of the support area at $72 per barrel daily oil prices can...

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Daily Oil Prices 19 Aug 2010

Yesterday’s hammer candle on the WTI daily chart has failed to deliver the expected bounce with daily oil prices stubbornly refusing to move higher but rather falling lower and on towards the $74 per barrel region.  This bearish picture is further evidenced by the 9...

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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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