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Wednesday, November 9, 2011 - 1:43pm
Outlook of Crude Oil Depends on $95 Level
During this week, Crude Oil broke above $95. This is very important because this level is the 50% Fibonacci retracement and where the 200-day moving average sits, which are very important levels to any technical analyst. The commodity has been in a mid-term bear trend since April/May, moving from...
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Wednesday, October 12, 2011 - 1:41pm Technical Analysis: Mid-Term Downtrend in Crude Could be Stalling
Recent Analysis Since the beginning of 2009, we have seen an impressive bull trend in crude oil futures. The bull trend started to putter out in May 2011, trading over $114 per barrel at its peak. After hitting its peak, crude futures began its downtrend. The commodity started to trend lower,...
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Weekly Crude Oil Report
Tuesday, January 12, 2010 - 1:09pm
Chartwhiz Weekly Crude Oil Report-1.12.10 Record cold weather and an improved global outlook along with dollar weakness and the re-emergence of geo-politcal risk in Iran all came together last week to send crude oil prices soaring to 14-month highs. Oil prices on the NYMEX surged passed the 2009...
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