Oil – Strong Decrease After Inventory Data
Price of WTI oil futures declined strongly after data considering US inventory of this commodity. Close of yesterday’s session happened below key support area...
Westpac: Oil remain supported
Oil jumped higher Monday as non-OPEC countries agreed to contribute a further 558,000b/d in production cuts and remained supported throughout the week on investor...
Gains of Oil During OPEC Meeting
An hour ago OPEC meeting in Vienna started. So far oil price is reacting with gains for the information leaking out of the meeting.
Iraq...
Saudi Arabia Caused A Drop In Oil Prices
In the end of September 2016 OPEC agreed to limit oil production. But beyond the declaration any specific measures have been postponed until the...
OIL WTI – Breaking Level of 50.00
The price of WTI finally broke out of of quite a flat consolidation within which lasted more than two weeks. Consolidation initially took the form of...
What’s next with Price of Black Gold? – Oil WTI
At the H4 chart OIL.WTI is a noticeable trend, evidenced by a sequence of increasingly higher highs and lows. An additional tool to help...
WTI Oil – Triangle Pattern
Crude WTI moves inside a triangle formation which lasts from 5 October. Bullish movement that led to the current price situation began on September...
WTI Closer And Closer To The Level Of 50.00
On the weekly chart we see that WTI almost from the beginning of the year moves upward in a correction forming a triangle formation....
Trading For Beginners: WTI oil – inside bar
WTI oil price expressed in US dollars increased after bouncing from support at 43.20, which is also the lower boundary of consolidation. Rebound led...
