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Oil Trading Alert: Is Crude Oil Ready For Rally?
July 15, 2014, 7:56 AMAlthough crude oil hit a two-month low after the market’s open, the commodity reversed and gained 0.56% as protests in a Libyan oil port over the weekend fueled doubts over the country's return to the export market. As a result, light crude bounced off the psychological barrier of $100 and invalidated earlier breakdown. Are these circumstances bullish enough to trigger a rally?
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Oil Trading Alert: Will Crude Oil Drop Below $100?
July 14, 2014, 7:48 AMOn Friday, crude oil lost 2.34% as fading concerns over supply disruptions encouraged investors to resume selling. In this way, the light crude fell to its lowest level in almost two months and slipped below important support lines. Will the psychological barrier of $100 stop further deterioration?
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Oil Trading Alert: Crude Oil – Time for Recovery?
July 11, 2014, 7:22 AMOn Thursday, crude oil gained 0.94% as profit taking and upbeat U.S. jobless claims data supported the price. As a result, the commodity bounced off a very important support zone and came back above $102 per barrel. Does it mean that the bottom of the recent correction is in?
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Oil Trading Alert: Crude Oil – Further Declines or Rebound?
July 10, 2014, 7:53 AMOn Wednesday, crude oil lost 1.48% as the reported resumption of Libyan crude production and the EIA weekly report on U.S. inventories weighed on the price. As a result, light crude hit its lowest level since June 5 and dropped below the next downside target. Does it mean that oil bulls lost ground?
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Oil Trading Alert: Crude Oil - One Swallow Doesn't Make a Summer
July 9, 2014, 9:12 AMYesterday, after 5 days of declines, we saw a corrective upswing, which took crude oil to an intraday high of $104.20. Did this show of “strength” invalidate any of bearish technical factors that we noticed in recent days?
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