Oil Prices Climb above $111 a Barrel
April 8, 2011 7:27 am by Anton EljwizatCrude oil prices rose significantly yesterday and peaked at $111.36 per barrel. However, the daily chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders involved with commodities like this can ...
Crude Oil- Technical Signal
January 31, 2011 2:04 pm by Anton EljwizatCrude oil prices rose significantly in the week and peaked at $90.70 a barrel. And now, there appears to be a recent bearish cross on the 8-hour chart’s Stochastic (slow) and MACD, highlighting significant downward momentum building on this commodity’s ...
Buy Signals on Crude Oil
January 26, 2011 2:52 pm by Anton EljwizatCrude oil prices have recorded much bearish behavior in the past several days. However, the technical data indicates that this trend may reverse anytime soon. For example, the 8-hour chart’s Stochastic Slow signals that a bullish reversal is imminent. An ...
Crude Oil Prices Set to Decrease
December 29, 2010 2:15 pm by Anton EljwizatCrude oil prices have recorded much bullish behavior in the past several days. However, the technical data indicates that this trend may reverse anytime soon. For example, the daily chart's Stochastic Slow signals that a bearish reversal is imminent. A ...
Crude Oil Slips on Firmer Dollar
November 18, 2010 1:50 pm by Anton EljwizatThe Oil prices are once again dropping, and it is currently traded around $82 level. However, there is much technical data that supports a bullish move for today as described below. Forex traders involved with commodities like this can take ...
Crude Oil Hits 25-Month High
November 11, 2010 11:03 am by Anton EljwizatCrude Oil reached a 25-month high for a fifth consecutive session on Thursday as strong industrial output sent demand in China to a record and a surplus subsided in top consumer the United States. However, the daily chart is suggesting ...
Crude Oil Prices Set to Increase
July 6, 2010 9:22 am by Anton EljwizatThe Oil prices are once again dropping, and it is currently traded around $71.75 per barrel. However, there is much technical data that supports a bullish move for today as described below. Forex traders involved with commodities like this can ...
Crude Oil Rises above $77 a Barrel
June 16, 2010 10:51 am by Anton EljwizatCrude oil prices rose significantly yesterday and peaked at $77.12 per barrel. However, the 4-hour chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders involved with commodities like this can ...
Crude Oil Drops as Dollar Strengthens
May 6, 2010 3:18 pm by Anton EljwizatCrude oil slides below $80 a barrel early today, which is largely owned to the USD's gains vs. the EUR. In the past week, Crude oil has made a significant downward correction, which can be directly correlated with the bearish ...
Crude Oil Prices Steady above $85
April 26, 2010 10:44 am by Anton EljwizatCrude oil rose dramatically in the two last weeks and is currently trading at $85.60 per barrel. Many market participants thought crude oil would be hit by near term profit-taking after last two week's rally, with prices climbing more than ...
