Spot Crude Oil Rises to Key Technical Level
February 25, 2011 7:15 am by Russell GlaserThe rise in spot crude oil prices may have technical implications as this week’s high coincides with a key Fibonacci level.
Spot Crude Oil Rises Following Retracement to Fibonacci Level
February 18, 2011 3:17 pm by Russell GlaserHealthy trends typically will have technical corrections and the recent price action for spot crude oil appears to be no different.
Spot Crude Oil – Buying the Dip
January 24, 2011 8:08 pm by Russell GlaserA 4-day decline from spot crude oil’s 2.5 year high at $93 has set up an opportunity to go long on the commodity that is trending higher.
Spot Crude Oil Prices Recovers
January 21, 2011 3:28 pm by Russell GlaserSpot crude oil prices have come off of their lows from Thursday following strong economic data.
Crude Prices Breach $90
December 24, 2010 10:34 pm by Russell GlaserThe price of spot crude oil rose to a two year high on Thursday, moving above $91 a barrel following the release of better than expected economic data. The strong US economic reports hint at a US economy that appears ...
Crude Oil Prices Fail to Breach $90
December 21, 2010 6:17 pm by Russell GlaserTraders look to compound on yesterday’s gains as the spot crude oil approaches the $90 level. However, the rise in price may be capped by the psychological price level as low liquidity in the markets impact volatility and another round ...
Spot Crude Oil Support and Resistance Levels
November 8, 2010 12:04 pm by Russell GlaserWhile the dollar may be the largest casualty from the Fed’s commitment to purchase 600 billion dollars worth of US government bonds, the biggest winner may be crude oil.
Spot Crude Oil Breakout Trade
October 5, 2010 2:08 pm by Russell GlaserSpot crude oil has shown a propensity to range trade between Fibonacci levels but a recent rally may have momentum behind it to break the sideways movement.
Further Bullish Signals Show Potential Appreciation for Spot Crude Oil Prices
August 18, 2010 10:42 pm by Russell GlaserThe price of spot crude oil fell sharply today but managed to climb back following better than expected weekly inventory data from the U.S. government. Another bullish indicator hints to an end of the short term correction and a potential ...
Spot Crude Oil Buy Signal
August 17, 2010 9:49 pm by Russell GlaserSpot crude oil prices received a bounce in today’s trading. This is the first gain for the commodity in almost 10 days. The rise in the price coincided with both positive fundamental data along with a technical boundary that the ...
