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Oil Trading Alert: Another Bearish Day
September 29, 2015, 10:54 AMOn Monday, crude oil lost 1.90% as worries over strength in the U.S. dollar and global growth concerns weighed on the commodity. In this environment, light crude slipped to its key support zone once again and closed the day below $45. What’s next?
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Oil Trading Alert: Up and Down and…
September 28, 2015, 10:12 AMOn Friday, crude oil gained 0.53% after Baker Hughes report showed 4th straight decline in weekly rig counts. As a result, light crude climbed above the 50-day moving average and closed the day above $45. What impact did this move have on the short-term picture of the commodity?
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Oil Trading Alert: More of the Same - For Now
September 25, 2015, 8:57 AMAlthough crude oil moved lower after the market’s open, the key support zone helped oil bulls to trigger a rebound in the following hours. But did this price action change anything in the short-term picture of the commodity?
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Oil Trading Alert: Crude Oil - North or South?
September 24, 2015, 7:28 AMOn Wednesday, crude oil lost 4.21% as bigger-than-expected build in gasoline inventories overshadowed anther drop in crude oil stockpiles. As a result, light crude slipped under the 50-day moving average once again, approaching the key support zone. What’s next?
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