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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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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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Daily Oil Prices 12 Oct 2010

Daily crude oil prices for the WTI contract ended yesterday’s oil trading session as a relatively narrow spread down candle following an initial gapped up opening which saw the commodity touch an intra day high of $83.49 before closing the session lower at $81.95 per...

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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...

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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...

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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...

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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...

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