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Crude Oil – Preparation Before the Next Move
February 2, 2018, 10:52 AMOn Thursday, crude oil extended gains, which resulted in a climb to the very short-term resistance area. Taking into account the recent price action, it seems that oil bulls and their opponents test their powers before the next bigger move . Where will black gold head next in the coming week?
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Crude Oil-Gold Link in Focus
February 1, 2018, 10:40 AMWednesday’s session didn’t dispel doubts about the direction of the next bigger move in crude oil, however, the price action that we noticed on the oil-to-gold ratio chart suggests caution to oil bear fans.
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Oil Bears Are Really Trying
January 31, 2018, 10:20 AMAfter Tuesday’s market open oil bears took control and pushed black gold below the mid-January highs. Despite this decline, yesterday's closing price softened the undertone of the earlier drop. Why?
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Crude Oil Under First Support, but Let’s Not Praise the Day Before Sunset
January 30, 2018, 10:25 AMOn Monday, oil bears thwarted pro-growth plans of their opponents once again and erased almost 58% of Friday’s upswing. Such up and down moves suggest that both sides of the market test support and resistance areas before a massive attack. Earlier today, the sellers showed greater activity, but let's not praise the day before sunset.
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