Futures Market Guide

Tag: crude oil futures

  • Risk is Back on Trade of Crude Oil

    Risk is Back on Trade of Crude Oil

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    by

    aaron
    in ,

    Crude oil had been a one-sided trade since the start of April until the last few days, falling $12/barrel high to low. Bolstered by sellers who have called the commodity bull market dead, oil got dragged lower and struggled to find its footing until recently. But wait… fast-forward to this week… not only has crude…

  • Price Uptrend in Crude Oil Remains Powerful

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    by

    aaron
    in

    November crude oil prices recently hit a fresh contract high above $82.00 a barrel. Prices then backed off on some profit-taking pressure and challenged trendline support from an uptrend line drawn off the August low, but could not punch below it. Bulls are still in firm technical command of crude oil and the price uptrend…

  • Crude Oil Pushes Above Key $70.00 Resistance Level

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    by

    aaron
    in

    August NYMEX crude oil futures had been knocking on the door of strong technical resistance at $70.00 a barrel recently, and on Thursday opened the door and walked right through it. Now, the next major upside price objective for the bulls is to challenge major psychological resistance at $75.00 a barrel. The crude oil futures…

  • Crude Oil Trade Recommendation

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    by

    aaron
    in

    Crude oil saw a dramatic correction after the Hostage situation in Iran was peacefully resolved. While that is good news it shows that tensions in the region are as high as they have ever been. Crude oil has just today completed an almost perfect 50% fibonacci retracement. At the same time we can see through…

  • Crude Oil Trade Recommendation

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    by

    aaron
    in

    Crude oil has been trying to resume its uptrend and many technicals now point the way to higher prices. With continuing problems in Iraq and now the threat of a conflict with Iran looming over the market, the path of least resistance is clearly up. Recent Commitment of traders data shows that small traders are…

  • Crude Oil Trade

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    by

    aaron
    in

    Crude oil has drifted in a narrow sideways channel for over two months now. OPEC has recently hinted at another production cut to further stabilize price. Today we saw inventory numbers for crude and distillates lower than expected. At the same time we have colder weather bearing down on us. The following is an excerpt…