News

October 5, 2012
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Brent Crude Price Declines as European Ministers Meet

Brent Crude Oil, Daily timeframe price action confirmed resistance on Friday 05th October at 112.02 level which is the confluence…
September 28, 2012
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Brent Crude Back Above 200 Day Moving Average

Brent Crude daily time frame price action is currently retesting 20 period SMA resistance at 112.40 level. The price bounced…
September 21, 2012
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Crude Oil Corrective Pullback

WTI Crude price action created an aggressive pull-back to 90.96 levels from the current high of 100.42. On Monday last…
September 14, 2012
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QE3 Impacted USD and Caused WTI to Spike Higher

WTI Crude Oil price is currently trading above 200 Day SMA, helped by the QE3 announcement. FOMC statement on Thursday…
September 7, 2012
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Crude Oil Consolidates Further

WTI Crude Oil price is still consolidating in a sideways wedge formation. There is significant resistance overhead at the current…
August 31, 2012
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WTI Crude Daily Technical Analysis

WTI Crude daily timeframe price action is showing a rising wedge pattern. The price action could not break above 200…
August 17, 2012
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WTI Crude Retesting 200 Day SMA

WTI Crude September contract rose to $96.65 and it is currently retesting 200 Day SMA. If the price action breaks…
August 10, 2012
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Crude Oil Advances for a Second Week

Crude Oil rose on sentiment that economic improvement is gathering pace in U.S. WTI Crude Oil, September contract traded $93.51…
August 3, 2012
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Unemployment Data and Storms Pushed the Oil Price Higher

WTI Crude Oil futures rose on Friday 03rd August after Non Farm Payroll data release. Report showed that payrolls in…