Crude Oil Market Gives Up Gains
This is a market that looks as if it is compressing for a bigger move sooner or later. The West Texas Intermediate […]
Oil Pulls Back to the 50 Day EMA
The only thing I think you can count on at this point is a lot of noise and wrecking of accounts. The […]
Crude Oil Pulls Back Significantly
Small positions that you build on when they work out in your favor will probably be the best way to attack this […]
Crude Oil Continues to Find Buyers
Ultimately, this is a market that given enough time will have to make a bigger decision, but it is obvious that the […]
Oil Recovers After Initial Losses
As things stand currently, it looks like we are trying to recapture one of the most recent highs, which of course would […]
WTI Crude Oil Forecast: Market Continues Recovery
If the world is heading into a global recession, it is hard to believe that crude oil will have a strong move in the […]
WTI Crude Oil Forecast: Trying to Find Buyers
I am waiting to see what happens with this trend line before I start shorting, or the $100 level before I consider […]
Crude Oil Continues to Show Weakness
When a market gets parabolic the way this one did, it quite often is a sign of significant overextension. The West Texas […]
Crude Oil Testing A Major Trendline
Wait for a daily close in order to place a position because the intraday moves have been so violent. The West Texas […]
Crude Oil Pulls Back to Test Support
Keep an eye on the OVX, which is essentially the “VIX for oil”, as it is still extraordinarily elevated. The West Texas […]
WTI Crude Oil Forecast: April 2022
I anticipate that the month of April is going to be a chaotic mess, just as we have seen during the month […]
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