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Oil Trading Alert: Crude Oil Hits 5-week High. Will It Climb Any Further?
April 10, 2014, 8:21 AMOn Wednesday, crude oil gained 1.06% as geopolitical concerns and the dollar's decline offset a larger-than-expected increase in U.S. crude-oil stockpiles. Because of these circumstances, light crude hit a five week high. Can it climb higher in the nearest future? Are there any technical factors that can stop oil bulls? If you want to know our take on these questions, we invite you to read our today's Oil Trading Alert.
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Oil Trading Alert: Yesterday’s Price Action in Crude Oil: Breakout or Fakeout?
April 8, 2014, 10:26 AMOn Monday, crude oil lost 0.33% on expectations that the reopening of two export terminals in Libya would increase the global supply of light crude. Thanks to this news, crude oil slipped below important support levels, but then reversed. Did this sharp moves change anything in the short-term outlook? We invite you to read our today's Oil Trading Alert.
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Oil Trading Alert: Important Resistance Broken. What’s Next?
April 7, 2014, 12:34 PMCrude oil gained 0.63% on Friday as solid jobs report and doubts over the oil export from Libya pushed the price higher. In this way, light crude broke above an important resistance level and closed the day above $101 per barrel. Will crude oil extend gains in the near future? If you want to know our take on this question, we invite you to read our today's Oil Trading Alert.
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Oil Trading Alert: Crude Oil Came Back Above $100
April 4, 2014, 9:27 AMOn Thursday, crude oil gained 1.17% as positive service sector data and doubts over the oil export from Libya pushed the price higher. In this way, light crude erased all Wednesday losses and closed the day above $100 per barrel.
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Oil Trading Alert: Crude Oil Extends Losses
April 3, 2014, 5:48 AMOn Wednesday, crude oil lost 0.42% as fears about sluggish demand and talks between the Libyan government and protestors weighted on the price. Because of these circumstances, light crude declined for the third time in a row and closed the day slightly above $99 per barrel.
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