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Oil Trading Alert: Crude Oil – Is It Time For Double Bottom?
December 19, 2014, 11:15 AMOn Thursday, crude oil lost 1.65% as the combination of bearish comments from Russia and OPEC leaders, a progress in resolving a strike in Nigerian port and a stronger greenback pushed the commodity lower. In these circumstances, light crude declined sharply and approached the recent low. Time for a double bottom?
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Oil Trading Alert: Crude Oil – One-day Rally Or Something More?
December 18, 2014, 11:41 AMOn Wednesday, crude oil gained 0.54% as a better-than-expected report from the EIA supported the price. As a result, light crude bounced off the recent multi-year low and hit an intraday high of $58.98. Will we see further improvement in the coming days?
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Oil Trading Alert: Crude Oil – The Doji-generated Reversal?
December 17, 2014, 6:54 AMThe price of crude oil declined yesterday once again – was the bottom reached yet?
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Oil Trading Alert: Crude Oil – Breakdown!
December 16, 2014, 11:12 AMOn Monday, crude oil lost 3.62% as a combination of a rising greenback and news from the United Arab Emirates pushed the price lower. Thanks to these circumstances, light crude broke below its key support line and hit a fresh 2014 low of $55.02. How much more room to decline does the commodity have?
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Oil Trading Alert: Crude Oil – Oil Bears In Charge
December 15, 2014, 10:21 AMOn Friday, crude oil lost 2.81% as the International Energy Agency cut its outlook for demand growth in 2015. In this environment, the commodity hit a fresh multi-year low of $57.34 and reached its key support line. Will we see a rebound from here?
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