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Oil Reacts to New Iran Sanctions
September 18, 2019, 10:12 AMOil prices experienced a strong down day yesterday but black gold is still comfortably up for the week. But what do the technicals say about the next move's direction and magnitude? In today's Alert, we'll take a look at where the current move might reach...
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Spiking Oil Looks Ready to Take a Breather Today. Will It?
September 17, 2019, 10:18 AMBit by bit, the oil market is getting settled after the volatile Monday open. The shape of the full yesterday's session has been telling. Can we expect more upside, or better get ready to experience some downside now? Let's take a look at what the chart says.
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The Resistance Stood Still and Oil Just Collapsed
September 12, 2019, 9:36 AMYesterday's session gave us a resolute follow-up to Tuesday's reversal. Price sliding like there is no tomorrow, the bears keep pushing even lower today. Not a bit lower, but very much so lower. As black gold is trading at around $54.20 as we speak, is it time to look for the exit door in our promising open short position?
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