Tag Archives: WTI

Crude Oil – Double Top

West Texas has the makings of a double top or perhaps triangle and looks an interesting chart for the watch list

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Oil – Decision Time

Oil in the US is at a key level. The weekly inventories report overnight saw production at levels three times forecast – 5.9 million barrels produced against 1.8 million barrels estimated. This pushed oil through support on the charts, and … Continue reading

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Crude oil finds an inflection point – for Buyers and Sellers

The simple things in life are often the best. This may not be true of everything, and perhaps not even for technical analysis, but in any case support and resistance levels are very useful. Simple too. In any case the … Continue reading

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Sell Oil on Short Leash

West Texas Crude Oil has rallied more than 12.5% in less than 3 weeks. While the fundamental picture may be improving, retracement analysis and RSI divergence are pointing to a short term sell.

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Oil and Copper – Buy Shares

Oil and copper are two key industrial inputs. Additionally, the growing presence of investors in commodity markets mean that they are a leading indicator of global sentiment around industrial production. At the moment they’re both saying the same thing – … Continue reading

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Posted in Commodity, Market, Shares, Stocks, Trading | Tagged , , , , , , , | 5 Comments

Risk Diverges – Warning

Overnight action in markets presents a problem that needs resolving – shares and risk currencies rose strongly, but oil fell below key support levels – and appears to be

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Oil Leak Warns “Risk Off”

The last three days of trading in oil have me worried. While this year appears to offer better prospects than 2011, the recent rally in risk assets (shares, industrial metals, risk currencies such as AUD,CAD and NOK etc) may be … Continue reading

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Posted in Commodity, Forex, Market, Shares, Stocks, Trading | Tagged , , , | 4 Comments

Black Gold

Oil is on the radar at the moment – with potential to put on some big moves.

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Posted in Commodity, Forex, Gold, Market, Shares, Stocks, Trading | Tagged , , | 3 Comments

Guest Post – The State of Play in Oil

By Ben Le Brun – Market Analyst – CMC Markets There has been renewed focus and interest in the oil space of late & who can blame traders. News unfolds in real-time throughout the Middle East with the spotlight being … Continue reading

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Triangle and M Reversal on Oil Chart

The WTI crude oil chart has been a good one for providing useful chart setups of late and we have seen that continue now after the recent breakout from a symmetrical triangle formation. As is typical of symmetrical triangles the … Continue reading

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