oil analysis

Yesterday’s low in oil prices and the formation of hammer indicates a correction move, or a test for breakage

oil prices analysis forecast as I wrote two weeks ago: Have we seen the peak oil prices for the next few years?   meanwhile, it was the top, since this move we got yesterday lows at 64.18 price levelswhat the next move crude oil analysis crude oil technical analysis64.18 was the low of yesterday and came out a correction according to the forecast now…

Read more

Have we seen the peak oil prices for the next few years?

oil prices analysis last week we saw crude oil made some kamikaze moves from record levels of 72.80 at the beginning of the week  and closing the week on 67.24 $ – more than 5% move ( its a lot )Heavy volumes of over 700,000 contracts for July WTI crude its massive daily range of $3.31 between high to lowThe bearish action accrues due…

Read more

crude oil before the big announcement today

crude oil technical analysis forecast   last march I posted an analysis for crude  oil  I just want to put this chart here – One picture is worth 1000 words now we are very close to those areas – it will be  very crucial for crude oil prices : This review does not including any document and/or file attached to it as an advice or…

Read more

crude oil prices settled on a price junction, Will it take off to new highs or drop

Crude oil Technical Analysis Crude oil futures rallied Tuesday due Tensions between Iran and Saudi Arabiain Baker Hughes oil rig counts from the other week  show reduction who could keep prices supported. The Energy Information Administration is also due to report its inventory data today, also today will  publish FOMC statement that would likely have an  impact on market sentiment.…

Read more

Whether the price of oil has gone up or is it just a temporary halt before resuming a rally?

crude oil prices – some interesting information for knowing  crude oil prices down more than 10% from the last record at 66.60 $ , when it will stop?I’m going to show you some interesting stuff about crude oil prices Later in this article some news comes from IEA:” The International Energy Agency (IEA) today published their forecast for oil demand growth in 2018…

Read more

Whether oil prices are facing a change in direction or whether this will only be pause before continuing declines

Brent oil price technical analysis forecast Crude oil prices climbed above 53 $ late last month, a bullish signal, also Brent traded above 62$ and reaching to major resistanceJust a few of months ago, analysts and investment banks slashed their oil price forecasts as OPEC’s production cuts drew down the global oil oversupply slower than initially expected, and rising U.S.…

Read more