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Oil Trading Alert: Beginning of the Next Major Move
June 26, 2015, 10:54 AMIn the previous alerts we commented on the consolidation in the crude oil market, however based on today’s price action it seems that the long wait for the next big move may be over. In what direction will crude oil head next?
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Oil Trading Alert: North or South?
June 25, 2015, 10:25 AMOn Wednesday, crude oil lost 1.50% as EIA weekly report disappointed market participants. As a result, light crude moved away from the short-term resistance and approached $60. Will we see further deterioration?
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Oil Trading Alert: Another Pullback or Further Improvement?
June 24, 2015, 10:52 AMOn Tuesday, crude oil gained 1.44% ahead of weekly API supply data, but did this upswing change anything in the short-term picture of the commodity?
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Oil Trading Alert: When Consolidation Is Over?
June 23, 2015, 9:54 AMYesterday’s solid housing data supported the greenback and pushed the USD Index above the level of 94.50. Did this upswing affect the very short-term picture of crude oil?
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Oil Trading Alert: Trading in Narrow Range – For Now
June 22, 2015, 11:08 AMOn Friday, crude oil lost 1.36% as the combination of a stronger greenback, disappointing Baker Hughes’ report and Saudi Arabia oil minister’s commentary weighed on investors’ sentiment. In these circumstances, light crude moved away from its major resistance zone and closed the day below $60. What awaits the commodity in the coming week?
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