US Dollar Rolls Over as Oil Strengthens
The US dollar initially rallied on Monday but gave back gains rather quickly as the WTI Crude Oil market strengthened. In fact, oil broke out […]
WTI Crude Oil Forecast: Market Breaks Out
In general, breaking out of this triangle suggests that we could go back to the recent highs and possibly even higher than that given […]
Crude Oil Finds Buyers on the Dip
As long as we stay between these two lines, it will probably be a situation where you do a lot of short-term […]
WTI Crude Oil Forecast: Price Bounces Significantly
At this point, you need to be very nimble and cautious about your position size more than anything else. The West Texas Intermediate Crude […]
WTI Crude Oil Forecast: Pressuring Resistance
I have no interest in trying to short this market until we break below the $100 level. The West Texas Intermediate Crude […]
Crude Oil Ends Up Unchanged
You cannot argue with the overall uptrend and therefore I would need to see a pretty significant shift in attitude to start […]
Crude Oil Continues to Drive Higher
Now that we have digested a lot of those gains, the market seems to be ready to make its next move. The […]
WTI Crude Oil Forecast: Consolidating in Massive Triangle
The market is more likely than not going to continue to see buyers on dips, as we have seen for quite some […]
WTI Crude Oil Forecast: Slamming Around in Triangle
Inflation tends to show up in energy rather quickly, so would not be a huge surprise to see this market rally and […]
WTI Crude Oil Forecast: Crude Oil Finds Buyers
Crude oil markets have seen a lot of volatility, but it does look like we are compressing for a bigger move sooner […]
WTI Crude Oil Forecast: May 2022
I do have more of an upward bias, but I also recognize that things can change in a flash. The West Texas […]
WTI Crude Oil Forecast: Pullback as Consolidation Continues
I would be very cautious about jumping âall inâ right away. The West Texas Intermediate Crude Oil market fell a bit on […]
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