Fundamental and technical analyst with 30 years experience.
October Crude Oil futures failed to follow-through to the upside after last week’s surge took out the recent top at $107.85. The subsequent sell-off suggests…
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…
September crude oil futures traded sharply lower last week as long liquidation continued following the previous week’s closing price reversal top on the daily chart.…
A combination of events helped drive September crude oil futures higher this week, setting up a potential resumption of the uptrend which came to a…
Overbought conditions continued to pressure September crude oil futures last week. Prices seemed poised to finish the week sharply lower as speculators pared positions while…
September Crude Oil futures reached a new high for the year this week, but there was very little follow-through. This is a good sign that…
September crude oil futures continued to soar this week, proving that last week’s huge rally was no fluke. The market spiked up early in the…
August crude oil futures regained the long-term resistance line of a triangle chart pattern on July 3, putting it in a position to close higher…
August crude oil futures bucked the trend in many commodities to post a strong close for the week. The market was buoyed by signs of…
August crude oil continued its sharp rally which began two weeks ago when the market successfully held a major pivot zone at $94.32 to $93.13.…
After a successful test of a short-term retracement zone at $91.88 to $90.56, August Crude Oil futures appear poised to breakout over a downtrend line…
July crude oil surged last week after finding support slightly below a 50% price level at $91.26. The powerful move to the upside has put…
There wasn’t much movement in July Crude Oil this past week. The market basically retraced about 75% of the previous week’s range before selling off…
Although U.S. crude oil supplies fell 300,000 barrels for the week-ending May 17, according to an Energy Information Administration (EIA) report, traders seemed to be…
After falling from $97.38 on May 6 to $92.40 on May 15, July crude oil rebounded on May 16 to regain almost 50% of its…
Late breaking news on Thursday may have signaled the top in July crude oil as traders reacted with aggressive selling pressure. The move was triggered…
June crude oil is set to close lower for the week after heavy selling pressure hit the market following a test of a major 50%…
June crude oil surged on the daily and weekly charts, regaining a key support line and setting up the market for further upside action. Before…
Last week’s technical report suggested that June crude oil was poised for a volatile move because of the triangle chart pattern formation it had formed.…
June crude oil futures traded mixed last week as traders had to deal with conflicting signals. Technically, the market is oversold on a short-term basis…