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Oil Trading Alert: Crude Oil - The Moment Of Truth Is Coming
December 12, 2014, 9:31 AMOn Thursday, crude oil lost 3.38% as a stronger greenback weighed on the price once again. As a result, light crude hit a fresh multi-year low of $58.96 and closed the day below $60 for the first time mid-Jul 2009. How low could the commodity go?
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Oil Trading Alert: Moving Closer to the Bottom
December 11, 2014, 9:25 AMIn today’s Oil Trading Alert we will focus on the most important perspective and the most timely question that oil traders are asking themselves today. These are: the long-term perspective and the question at what price level is the crude oil likely to finally bottom.
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Oil Trading Alert: Where Are Oil Bulls?
December 10, 2014, 9:56 AMAlthough crude oil hit a fresh multi-year low after the market’s open, the commodity rebounded in the following hours supported by a weaker greenback. In this way, light crude gained 0.40%, but still remains under the previous lows. What’s next?
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Oil Trading Alert: Crude Oil – Oil Bears In Charge
December 9, 2014, 10:17 AMOn Monday, crude oil lost 3.98% as the combination of as lackluster readings from Asia and a price cut by Iraq fueled worries about a global supply glut. Thanks to this circumstances, light crude hit a fresh multi-year low, breaking below solid support zone. How low could the commodity go?
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Oil Trading Alert: Crude Oil - Sinking Or Rebounding?
December 8, 2014, 9:07 AMOn Friday, crude oil lost 1.65% as a stronger U.S. dollar and news that Saudi Arabia lowered the price of oil for buyers in the U.S. and Asia continued to weight. As a result, light crude moved lower for the fourth time in a row and closed the week at its lowest level since mid-Jul 2009.
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