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...
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...
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...
Weekly FX Review – July 31st
More signs of AUD momentum divergence. Despite the strong commodity price back drop the odds of consolidation are high.
The sharp narrowing in US-CAD interest...
Watch out for todays US Inventories report!
U.S. West Texas Intermediate and international-benchmark brent crude oil slightly retreated some ground after yesterday’s mixed session. Traders reacted to the forecasts of high U.S....
Weekly FX Review – November 6th
The melt-up in the commodity complex as represented by the DJ Commodity Index is breaking key topside resistance levels.
Above is a 3YR+ chart of...
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...
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...
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....
