Boom – WTI Oil Price Crashes Through The Floor On Rising Volume
In my post of 5 days ago I highlighted how a confluence of factors had the potential to drive oil prices even lower, and down towards the $32 per barrel regions, last seen in 2009.
OPEC
Oil Prices Driven Lower On Fundamentals And Technicals
These are interesting times for oil traders and speculators with Friday’s OPEC meeting in Vienna now on the horizon, and the question that will then be answered is whether the group will cut output to stem the supply glut that is now increasingly having to be held offshore around the oceans of the world.
Oil Taking Centre Stage On FED Decision
One of the many factors used to decide whether a central bank should or should not raise interest rates is inflation, of which energy is a main contributor, and given the extended bearish trend for oil prices at present this aspect of the decision making process is likely to remain sharply in focus.
USDCAD Descending Triangle Sept 10, 2015
USDCAD has been moving sideways for quite some time, but the pair seems to have formed lower highs on the 1-hour time frame.
The Good News Just Keeps Rolling In For Oil Traders
For oil traders and speculators the summer months continue to deliver stellar trading opportunities, and whilst equity investors are wringing their hands, the WTI contract shows no signs of wanting to reverse just yet.
How Low Can the Price Of Oil Go?
When considering the chart for crude oil, there is really only one question to answer and it is simply this – how low can it go! And to answer that particular question we need to consider the charts across a variety of timeframes.
Oil Continues To Fall As OPEC Tightens The Screw
As speculative commodity traders, there are few occasions when it is hard not to make money, and certainly at present we have several stand out opportunities. These opportunities are rare, but when they occur, it’s time, as they say to ‘fill your boots’.
Oil Price War Continues As OPEC Tighten The Screw
As we come towards the end of another trading month, crude oil price remain firmly rangebound as OPEC’s policy of taking on the alternative energy suppliers in a price war continues.
Not A Happy New Year For Crude Oil
As we come to the end of another trading year, very few traders would have believed oil would be centre stage along with the US dollar, and as the star of the currency of first reserve continues to shine brightly, that of crude oil continues to flicker and fade as OPEC maintains its policy of taking on the alternative energy providers head on.
Crude Oil Falls Below $60 After Short Rally
This week, Russian President Vladimir Putin assured markets that the Russian economy could withstand the drop in prices despite the ruble’s recent fall.