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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Jim Hyerczyk

Contributor since: 10 Jan 2013

Jim Hyerczyk

Fundamental and technical analyst with 30 years experience.

Latest articles from Jim

  • Oil Market Forecast & Review 17th January 2014

    Published 17 January 2014 | viewed 6,551 times

    February crude oil consolidated on the weekly chart last week, suggesting the market may be poised for another short-covering rally. Based on the short-term range…

  • Oil Market Forecast & Review 10th January 2014

    Published 10 January 2014 | viewed 8,055 times

    After the sell-off in crude oil the week-ending January 3, one would have thought that technically oversold trading conditions would have triggered the start of…

  • Oil Market Forecast & Review 3rd January 2014

    Published 02 January 2014 | viewed 7,072 times

    February crude oil futures sold off sharply the week-ending January 2. The selling pressure drove the market through a December bottom at $96.52, turning the…

  • Oil Market Forecast & Review 20th December 2013

    Published 19 December 2013 | viewed 7,257 times

    February crude oil futures fluctuated between gains and losses this week as investors reacted to the latest economic reports and the U.S. Federal Reserve’s decision…

  • Oil Market Forecast & Review 13th December 2013

    Published 13 December 2013 | viewed 6,163 times

    February Crude Oil futures rallied for a second consecutive week, however, the weak follow-through to the upside indicates that the move was most likely triggered…

  • Oil Market Forecast & Review 6th December 2013

    Published 06 December 2013 | viewed 6,964 times

    The technical picture for January Crude Highly has drastically improved since we wrote last week when the market was pressing $91.77. At that time, downside…

  • Oil Market Forecast & Review 29th November 2013

    Published 29 November 2013 | viewed 5,831 times

    The technical picture for January Crude Oil futures turned gloomy during this holiday week. After three weeks of consolidation, the inability to garner enough upside…

  • Oil Market Forecast & Review 22nd November 2013

    Published 22 November 2013 | viewed 7,063 times

    After several weeks of consolidation, January crude oil closed in a position to breakout to the upside, as talks between Iran and six other nations…

  • Oil Market Forecast & Review 15th November 2013

    Published 15 November 2013 | viewed 7,369 times

    January crude oil futures reached a five-month low this week, however, oversold conditions and technical support points stopped the slide, putting the market in a…

  • Oil Market Forecast & Review 8th November 2013

    Published 08 November 2013 | viewed 6,766 times

    December crude oil futures rose this week, driven higher by oversold technical conditions, uncertainty over the Fed’s timing of its plans to taper monetary stimulus…

  • Oil Market Forecast & Review 1st November 2013

    Published 01 November 2013 | viewed 7,701 times

    A slew of weak economic data last week and a stronger U.S. Dollar helped pressure December crude oil futures the week-ending November 1. Traders read…

  • Oil Market Forecast & Review 25th October 2013

    Published 25 October 2013 | viewed 8,081 times

    After several weeks of consolidation, December crude oil futures broke sharply, reflecting the perception that a slowing economy will lead to a drop in demand…

  • Oil Market Forecast & Review 18th October 2013

    Published 18 October 2013 | viewed 6,823 times

    After the U.S. government shutdown and threat of a Treasury default held crude oil market participants hostage for half of October, oil speculators finally felt…

  • Oil Market Forecast & Review 11th October 2013

    Published 11 October 2013 | viewed 6,326 times

    December Crude Oil finished flat for the week after posting a potentially bullish closing price reversal bottom last week. Traders failed to confirm the chart…

  • Oil Market Forecast & Review 4th October 2013

    Published 04 October 2013 | viewed 6,417 times

    The partial shutdown of the U.S. government this week helped drive crude oil prices lower as investors assessed the possible negative impact of this ordeal…

  • Oil Market Forecast & Review 27th September 2013

    Published 27 September 2013 | viewed 7,797 times

    Speculators continued to dump crude oil last week. The last of the longs finally realized that an attack on Syria by the U.S. was not…

  • Oil Market Forecast & Review 20th September 2013

    Published 20 September 2013 | viewed 7,197 times

    November Crude Oil futures traded lower this week, but the market remained inside the broad $100.80 to $111.34 range. Several times this week, the market…

  • Oil Market Forecast & Review 16th September 2013

    Published 13 September 2013 | viewed 7,228 times

    Although the chart pattern suggested October Crude Oil was set up for the start of a substantial correction, the futures contract rebounded quickly after a…

  • Oil Market Forecast & Review 6th September 2013

    Published 06 September 2013 | viewed 8,423 times

    October Crude Oil futures traded slightly lower on Thursday because of a stronger dollar, but bearish traders were unable to break the market because of…

  • Oil Market Forecast & Review 30th August 2013

    Published 30 August 2013 | viewed 8,365 times

    Speculative buyers drove October Crude Oil futures higher this week following reports of an imminent attack on Syria by the United States. On August 27,…

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