Crude oil futures continued to trade in a narrow range yesterday on the daily oil chart, with the October WTI futures contract moving higher during the oil trading session and closing the session at $97.17 per barrel with a narrow spread up bar. This has...
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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...
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...
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....
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...
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...
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...
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...
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...
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...
