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Oil Trading Alert: Breakdown in Crude Oil!
November 12, 2015, 6:58 AMOn Wednesday, the commodity lost 1.28% after a bigger-than-expected build in crude oil inventories. Thanks to this news, light crude dropped under the key support area. Will this negative event trigger further deterioration in the coming days?
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Oil Trading Alert: Oil Bears vs. Key Support Area
November 9, 2015, 9:52 AMOn Friday, crude oil lost 1.92% as the combination of a stronger greenback and concerns over a supply glut continued to weigh on the commodity. As a result, light crude dropped under the support line and reached the key support area. What’s next?
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Oil Trading Alert: Crude Oil under Moving Average
November 6, 2015, 8:18 AMOn Thursday, crude oil lost 2.31% as a strong greenback and ongoing worries over glut in global supplies continued to weigh on the commodity. In this environment, light crude dropped under the 50-day moving average, invalidating earlier breakout. Are there any other technical factors that could encourage oil bears to act?
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Oil Trading Alert: Fundamental Factors Weigh
November 5, 2015, 4:45 AMOn Wednesday, crude oil lost 2.31% as the combination of a stronger greenback and another build in crude oil supplies weighed on the price. Thanks to these circumstances, light crude moved away from the key resistance lines and closed the day under $47. What’s next?
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