The black gold moved visibly higher during yesterday’s session, but just because a price moved in a given direction, it doesn’t mean that it will keep moving higher. In some cases, the rallies can even be bearish. Was yesterday’s upswing one of them?

• Read more

Crude oil moved lower in the last few days, just as it was likely to and generated quick profits for those who followed our trade. However, it reached its support level and bounced from it on huge volume and some may say that the decline is already over. But is this really the case?

• Read more

In the previous alert, we explained how the situation became clearly bearish and how the top formed right at the apex-based turning point. We didn’t have to wait long for the market to agree with us. The short positions that we had opened before the US session, became profitable practically instantly, and the profits on them are increasing also today. How low can the black gold slide before bottom is reached?

• Read more

In the previous alerts we let you know how the situation in the crude oil was becoming increasingly bearish, but that it was not yet bearish enough to justify any action regarding the price. The risk was still too high to do so, and we explained that waiting for the confirmation was the preferable course of action. The confirmation has arrived.

• Read more

While it doesn’t look extreme at the first sight, yesterday’s session was something that we haven’t seen in almost 2 months. Namely, it was the first time since late March 2018 when we saw the black gold decline for two days in a row. It’s also declining in today’s pre-market trading. Have we just seen the May top in crude oil?

• Read more