Crude Oil Trades Near $87 a Barrel
December 2, 2010 10:20 am by Anton EljwizatCrude oil traded near the highest in almost three weeks after greater-than-forecast growth in U.S. private employment bolstered optimism fuel demand will increase in the world’s biggest crude-consuming nation. However, there is much technical data that supports a bearish move ...
Dollar Stronger and Crude Oil Weaker After Morning Trading
November 17, 2010 2:52 pm by Russell GlaserMarkets were quiet this morning during the European session as Ireland is in the midst of talks with the EU and the IMF. This follows yesterday’s gains in the dollar and pullbacks in equities and commodities.
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.
Commodity Prices Fall in Unison
October 11, 2010 3:30 pm by Russell GlaserThe prices of spot crude oil and spot gold both fell during the European trading sessions as a strengthening dollar weighed on the prices. Commodity prices have been tracking the movements of the major currencies which entered into the new ...
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 ...
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.
Despite Stress Tests, Risk is Back On
July 23, 2010 11:59 am by Russell GlaserIt looks like markets are gearing up for a move higher. Most risky assets jumped yesterday despite negative news. The S&P 500 is testing the big round number of 1100, the EUR/USD is approaching a key Fibonacci retracement level, and ...
