FXWIREPRO: US Oil Faces Strong Resistance Around $40, Good to Buy at Dips Major resistance - $40 (trend line joining $41.85 and $41.22) Major support - $38 The commodity has made a slight jump till $40.01 at the time of writing and slightly declined from that level...
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Crude Oil Tumbling After Huge Inventories Build Crude oil futures fell Thursday morning as the US dollar continued to strengthen versus major rivals. US crude inventories unexpectedly jumped yet again last week, defying speculation that the nation's supply glut may have eased. The U.S...
Oil prices shrank after DoE data confirmed a huge build in crude stocks. Gold slipped on hawkish Fedspeak and copper fell with stocks Continue Reading...
Brent: The Price is at the Resistance Level of 41.50 Since the beginning of the trading week the price of crude oil Brent has been in the narrow channel at resistance level of 41.50 (ЕМА144 on the daily chart). Trading volume is low...
Oil prices picked up after Genscape reported on the first draw in Cushing stocks since January. Gold, copper prices faded amid poor liquidity Continue Reading...
FXWIREPRO: Vertical Spreads to Hedge WTI Crude's Further Upside Risks Crude Oil is pulling away from the market’s biggest storm in seven years...
Playing The Oil Trend With UWTI Summary The VelocityShares 3x Long Crude Oil ETN allows for traders to make three times the profits when investing in the oil trend. Finding the bottom of West Texas Intermediate oil prices is the best way to determine a buy signal for an oil exchange-traded fund...
Oil Futures Dip as Commodity Rally Gathers Breath Oil prices dipped in Asian trade on Tuesday, giving up gains from the previous session after data showed U.S. crude inventories fell for the first time since January and as commodity prices paused from their recent rally. U.S...
OPEC Sees Moderate Oil Bounce Even If Iran Won't Join Freeze OPEC expects oil prices to rebound to a “moderate” level even if Iran doesn’t join other producers in an agreement to freeze production...
WTI Survives Above $41.00 Crude oil prices have managed to leave behind the initial offered tone, recovering the area of highs above the $41.00 mark...
Crude Oil Falls for Second Day as U.S. Rig Count Rises Crude oil slid for a second session on Monday, falling further from last week's 2016 highs on concerns over a supply glut after the U.S rig count rose for the first time since December. U.S...
WTI Off Highs, Still Above $40.00 Crude oil prices are extending the rally today, posting fresh multi-month peaks above the $41.00 mark, albeit deflating a tad afterwards. WTI in fresh 2016 highs The barrel of West Texas Intermediate has managed to advance beyond the $41...
Crude Oil Steaming Toward $40 Crude oil prices continued to rise Thursday morning despite record U.S. inventories. Commercial crude oil inventories increased by 1.3 million barrels from the previous week, the EIA said. WTI crude oil for April was up 73 cents at $39...
Brent Oil Slides, Eyes 100-DMA Support Oil benchmarks are being offered, with Brent now trading well below hourly 200-MA and appears on track to test 100-DMA support at $38.40 levels. Brent down 2% Futures currently trade 2% lower on the day around $38.75/barrel...
Oil is Strong, Rising Above $40 and 6% Overnight Analysts at ANZ explained that crude oil prices were strong. Key Quotes: "Brent crude rose above USD40/bbl for the first time since December. Sentiment continues to improve as discussion about a production freeze lingers...
Oil Drops Over 1% in Asia, Brent Off 2016 Highs Having reached fresh multi-week highs in the previous session, oil benchmarks on both sides of Atlantic now attempt a minor correction in Asia this Tuesday, as focus now remains on the Chinese trade data and the API stockpiles report...
Crude Oil Jumps Above $36 As Rally Gathers Momentum Crude oil futures continued to rise Monday morning after a deal to freeze output from a number of major producers...
Bullish Oil Bets Rise to New Record High Weekly futures and options data from InterContinental Exchange released today showed money managers increased their bullish bets on higher oil price to a new record...
