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Oil Trading Alert: Another Drop under Aug Low
December 29, 2015, 9:04 AMOn Monday, crude oil reversed and declined under the Aug low once again, moving away from its important resistance line. As a result, light crude lost 3.75% and closed the day under $37. What’s next?
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Oil Trading Alert: Moment of Truth
December 28, 2015, 8:38 AMOn Thursday, crude oil extended gains as a combination of a weaker U.S. dollar and the EIA weekly report continued to weigh on the price of the commodity. Thanks to these circumstances, light crude gained 0.61% and climbed to the key short-term resistance line. Where will the commodity head next?
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Oil Trading Alert: Breakout and Its Consequences
December 23, 2015, 7:26 AMOn Tuesday, crude oil gained 1.93% as a weaker greenback supported the price. As a result, light crude broke above the upper border of the triangle. Is it enough to encourage oil bulls to another test of the Aug lows?
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Oil Trading Alert: Trading In Narrow Range – For Now
December 22, 2015, 6:21 AMOn Monday, crude oil wavered between small gains and losses as bearish reports continued to weigh on the price. In this environment, light crude closed another day under $36. Where will the commodity head next?
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