Home » Posts tagged "oil future"

Daily Oil Prices 9 Nov 2010

Following the breakout for the WTI crude oil contract from its recent pennant formation, daily oil prices have continued to move higher in this morning’s early oil trading session with daily crude oil prices at time of writing $87.30 per barrel, as we now look...

Continue reading »

Daily Crude Oil Prices 8 Nov 2010

Following the breakout of crude oil which saw the commodity move firmly away from the $84 per barrel region and the subsequent pennant pattern, the longer term outlook now looks firmly bullish with crude oil prices set to move towards $100 per barrel and beyond....

Continue reading »

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...

Continue reading »

Daily Crude Oil Prices 25 Oct 2010

Daily crude oil prices on the WTI chart closed last week marginally below the 9 and 14 day moving averages which are now set to define the trend for daily oil prices moving forward and in the next few weeks we are likely to see...

Continue reading »

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...

Continue reading »

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...

Continue reading »

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...

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 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 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 »