• Read more

In the last few Oil Trading Alerts we focused on the big picture and the context for the current pause. In today’s analysis, we do something different. We focus on the short term and we’ll make the first step in establishing a new trading position. It seems that another very favorable trade is just around the corner and if you want to get the details before it starts - today is the perfect day for it.

• Read more

The crude oil moved higher at the start of the week, which was not surprising given the bullish weekly reversal that we had seen previously. Yet, one needs to keep in mind that the candlestick patterns have limited time in which they work and the impact of what we saw in the crude oil market could be short-lived. Since we have already seen a daily rally, is the bullish signal from the previous week’s reversal no longer present? Or was it strengthened by yesterday’s daily reversal?

• Read more

In our previous analysis, we wrote that the price of crude oil appears to be forming a bullish weekly reversal, but it wasn’t yet clear how the week is going to end. It is now clear as we have all the data and we see that the price of black gold has indeed reversed last week. How significant are these implications for the following days and weeks?

• Read more

Crude oil moved significantly lower after topping at long-term retracement levels and since the monthly decline took place on big volume (biggest in almost a year), the black gold should move lower. But instead of moving lower this week, it seems to be forming a weekly bullish reversal. The individual daily volume levels were not low this week, so if the bullish reversal does indeed form, we’ll have a quite reliable bullish signal. Will the monthly bearish sign be invalidated? Will crude oil rally shortly?

• Read more