Fundamental and technical analyst with 30 years experience.
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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,…