September 14, 2012

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

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

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

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

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

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…
July 27, 2012

Oil Spikes Higher on ECB Intervention Comments

Crude Oil Traders reacted to Mario Draghi comments that he will do whatever it takes to support Eur. ECB’s Presidents…
July 20, 2012

Oil Price Drop 3.83%

Crude Oil Price dropped to $89.00 a barrel on Monday from the highs of $92.90 on Thursday last week. Traders…
July 13, 2012

WTI Oil Price Pullback

Crude Oil price action retraced after retesting 50 Day MA at 87.52. Traders reacted to the news that Abu Dhabi…