Spot Crude Oil Support and Resistance Levels
August 9, 2010 5:50 pm by Russell GlaserSpot crude oil prices rose today but were unable to hold onto the gains following a strong move higher in the European equity markets. This comes after Friday's steep losses on the heels of disappointing U.S. payrolls. Buying opportunities for ...
Spot Crude Oil Prices Plummet Before Reaching $80
July 28, 2010 12:35 pm by Russell GlaserThe price of spot crude oil failed to breach the $80 resistance level yesterday. Following higher prices for the commodity the price fell sharply on poor economic data and a lack of a rally in equities.
Spot Crude Oil Entry Opportunity
July 22, 2010 1:00 pm by Russell GlaserThe 4-hour chart shows a trading range along with a buy signal that could indicate a rise in spot crude oil prices above the static level that the commodity has seen over the past two months.
Crude Oil Tests 200-Day Simple Moving Average
July 21, 2010 1:08 pm by Russell GlaserSpot crude oil prices have risen to their highest level in the past 3-weeks as the market braces for further signs of tightening in crude oil supplies and a storm in the Caribbean threatens to disrupt production. Currently the commodity ...
Fundamentals and Technicals Explain Spot Crude Oil Gains
July 13, 2010 5:58 pm by Russell GlaserSpot crude oil has had a standout trading day after strong gains in the European session that have carried into the opening of New York trading. The gains come on higher global equities and a rise in risk taking following ...
Dual Cross Over Method Signals Buy for Spot Crude Oil
July 12, 2010 10:04 am by Russell GlaserSpot crude oil prices have jumped 5% last week and in turn have triggered a buy signal on the daily chart.
Spot Crude Oil Prices Jump on Positive Fundamental Data
July 8, 2010 7:13 pm by Russell GlaserThe price of spot crude oil has spiked over the past 24 hours, rising above $75 on positive movements in the equity markets, better than expected unemployment data, and a significant drop in crude oil inventories.
Spot Crude Oil Breakout Trade
July 7, 2010 2:48 pm by Russell GlaserThe range trading that has trapped the price of spot crude oil appears to be over as the commodity is breaking out of the consolidation pattern.
Further Bullishness Expected from Spot Crude Oil
June 21, 2010 1:34 pm by Russell GlaserSpot crude prices continued their bullish move following the weekend announcement that China would let its currency appreciate. The move is considered a bullish even for most commodities, especially crude oil prices.
Positive European Economic Data Fuels Spot Crude Oil Trading
June 14, 2010 8:59 pm by Russell GlaserSpot crude oil prices continue to rise on expectations of an improving global economy. Economic data released today from the euro zone showed the pace of economic activity increasing from the industrial sector.
