On Thursday, crude oil gained 0.62% as domestic crude oil inventories dropped more than expected. A weaker greenback supported the price as well. Thanks to these circumstances, light crude invalidated an intraday breakdown below the key support line, but does it change anything?

• Read more

On Wednesday, crude oil lost 1.20% as a stronger greenback continued to weigh on the price. In this environment, light crude declined once again and closed the day on the key support line. What’s next?

• Read more

On Tuesday, crude oil lost 2.73% as a stronger greenback weighed on the price. As a result, light crude declined to the key support line for the third time this month. Will we see another rebound? Or maybe this time oil bears will manage to push the commodity lower?

• Read more

The Stochastic indicator is quite a popular tool for commodity traders (including those interested in trading crude oil and precious metals) and it is not without a reason. This indicator has proven itself many times as something that can really indicate the next move in the market – however, it has to be applied carefully, as not all ways in which it works are really profitable. We have just seen 2 signals from this important indicator – one bullish (based on daily closing prices) and one bearish (based on weekly closing prices). Which should one focus on?

• Read more

• Read more