Crude Oil Bouncing Off 50% Retracement Line at $90
December 9, 2010 9:00 am by Greg HoldenThe price of Crude Oil has been receiving support from the winter season in the northern hemisphere lately, but we are beginning to see technical indicators which suggest downward pressure.
Crude Oil Inventories
August 25, 2010 1:52 pm by Natalie R.After dropping below $72 a barrel overnight, to an 11 week low, crude levels rebounded slightly in today’s early trading ahead of the release of U.S inventories data later today that is predicted to show a modest gain in gasoline ...
Crude Oil Trading Tip – A Bearish Correction?
March 9, 2010 5:49 am by Greg HoldenToday's news seems minor compared with the rest of the week. We can, however, expect to see two relatively major developments in today's trading. The first is the release of Great Britain's trade balance. While this figure doesn't carry much ...
Crude Oil Approaches $80 a Barrel
December 28, 2009 12:44 pm by Yan PettersNow that Christmas is behind us, and New Years Eve is only at the end of the week, we have plenty of time to end this year with a big smile on our faces. Two thing happened last week that ...
Crude Oil Slides as Pessimism Kicks In!
November 10, 2009 8:22 pm by Dan EduardThe price of Crude Oil slid today, as pessimistic data from the leading economies pushed investors away from the profitable commodities, such as Crude Oil. Instead, they poured their money into the USD. The thing which originally initiated Crude's bearish ...
Dollar Slides Whilst Crude Climbs
November 10, 2009 7:00 am by Dan EduardThe U.S. Dollar slid against its main currency counterparts yesterday. For example, the EUR/USD pair climbed for the second day, as it now approaches the 1.5050 level.
Dollar Trading Dominated by U.S. Factory Orders Data
November 4, 2009 10:44 am by Dan EduardSince yesterday afternoon, USD trading has been dominated mainly by the rebound in U.S. Factory Orders. The market reacted very strongly, as new orders for manufactured goods jumped by 0.9% in September. This is remarkable compared to the 0.8% decline ...
Crude Oil at 1-Year High
October 22, 2009 8:07 am by Greg HoldenCrude Oil finally reached its 1-year high mark yesterday with a closing price just over $81 a barrel. With little bearish news emerging from US inventory data yesterday, traders reattached themselves to the USD and equities, while buying into commodities ...
