Oil fell on Thursday, after six days of gains, as worries that violence in the Middle East would disrupt supply waned, and the focus returned to a persistent oversupply...
Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA: the price is on secondary ranging within 54.00 key resistance level and 42.18 key support level; bullish reversal level for Crude Oil is 69...
Oil futures were higher on Friday, but still hovered near three-month lows after a persistent oversupply has trimmed prices by up to 13% since the beginning of November...
Weekly price is on bearish market condition located below Ichimoku cloud. The price is breaking 43.91 support level from above to below for the bearish condition to be continuing with 42.18 as the next bearish target...
On Wednesday oil prices edged higher on reports of declining stockpiles and higher refinery activity. However, analysts warn that the market would be pressured for the rest of 2015 and further in 2016...
On Tuesday oil prices gave up earlier gains obtained after the Paris attacks and the French airstrikes in Syria, and traders began to focus on the global glut in petroleum products again...
Crude Oil: bearish breakdown. The price is on primary bearish market condition located below 100 period SMA (100 SMA) and 200 period SMA (200 SMA). The price broke 46.22 support level from above to below for 42.18 as the next bearish target. if the price breaks 54...
Brent crude recovered after a steep fall on Friday, but was on track for the biggest weekly loss in more than two months...
W1 price is located below 200 period SMA and 100 period SMA for the primary bearish with secondary ranging between 46.22 support level and 54.00 resistance level: descending triangle pattern was broken by the price for the bearish trend to be continuing; if the price breaks 46...
Crude oil prices rose on Tuesday after the head of OPEC predicted the market will be more balanced next year and the U.S. energy department said domestic output is likely to decline further. However, the upside was capped as the market remains largely in glut...
W1 price is located below 200 period SMA and 100 period SMA for the primary bearish with secondary ranging between 46.22 support level and 54.00 resistance level: The price is ranging between 46.22 support and 54.00 resistance...
Crude Oil: ranging round key levels. The price is on primary bearish with the ranging within 54.00 key resistance level and 42.18 key support level. Both levels are located below Ichimoku cloud and Senkou Span lines with the bearish area of the chart...
Crude oil prices are trading in the negative ground on Wednesday, currently hovering over the $47.00 area per barrel. WTI weaker on supply concerns Prices for the West Texas Intermediate are surrendering part of yesterday’s strong gains, testing the key support at $47...
Oil prices maintained gains on Wednesday following a 3% rise a day earlier driven by Brazilian and Libyan supply worries, a U.S. pipeline outage and a general rally in riskier assets amid expectations for more economic stimulus measures...
Oil erased early losses on Tuesday, but stayed below $50, pressured by an oversupply and worries about a vulnerable demand outlook...
Prices for the West Texas Intermediate have recovered from session lows in the $45.60 area and are now trading in the mid-$46.00s per barrel...
Although Norwegian oil giant Statoil is still investing a lot in the sector, the company is planning for oil to stay near $50 a barrel until 2018...
W1 price is below 200 period SMA (200 SMA) and below 100 period SMA (100 SMA) for the primary bearish with secondary ranging market condition: the price is ranging within the following support/resistance levels: 54.27 key resistance level and 42...
