Archive | July, 2010

Crude Oil Rises on Bargain Buying, Gold’s Fate In the Hands of Investors

A very interesting week with regard to commodities saw crude oil inventories surge to levels just shy of 10-year highs and gold ETF holdings plummet 500,000 troy ounces. Nevertheless, the near-term outlook for both commodities is highly uncertain. Commodities – Energy Crude Oil Rises on Bargain Buying Crude Oil (WTI) $78.12 -$0.24 -0.28% Commentary: Oil […] [...more]

Technicals Comments Off on Crude Oil Rises on Bargain Buying, Gold’s Fate In the Hands of Investors

Light Crude

60 Minute Bars Prepared by Jamie Saettele Crude has traded sideways for the past several weeks and I cannot yet rule out a move above 8080 in order to complete a complex correction (W-X-Y) from 6966. Resistance would be at 8318. The larger trend is down…the question is whether or now price will exceed 8080 […] [...more]

Technicals Comments Off on Light Crude

Light Crude Technicals for July 30th

Crude has traded sideways for the past several weeks and I cannot yet rule out a move above 8080 in order to complete a complex correction (W-X-Y) from 6966. Resistance would be at 8318. The larger trend is down…the question is whether or now price will exceed 8080 before the plunge. Even so, strength should […] [...more]

Technicals Comments Off on Light Crude Technicals for July 30th

Crude Oil Jumps in Overnight Trading

2010-07-30: Crude Oil Jumps in Overnight TradingThe price of crude spiked in overnight trading, moving up some 165 pips as investors eagerly await the impending U.S. Advance GDP report. Analysts attribute the increase in oil prices, to the overall weak dollar, which makes purchasing the commodity more attractive to international investors. Currently, crude oil is […] [...more]

ForexYard Comments Off on Crude Oil Jumps in Overnight Trading

Crude Oil Rises on Bargain Buying, Gold’s Fate In the Hands of Investors

A very interesting week with regard to commodities saw crude oil inventories surge to levels just shy of 10-year highs and gold ETF holdings plummet 500,000 troy ounces. Nevertheless, the near-term outlook for both commodities is highly uncertain. Commodities – Energy Crude Oil Rises on Bargain Buying Crude Oil (WTI)        $78.12       -$0.24 […] [...more]

Technicals Comments Off on Crude Oil Rises on Bargain Buying, Gold’s Fate In the Hands of Investors

Light Crude Technicals for July 29th

  Crude has traded sideways for the past several weeks and I cannot yet rule out a move above 8080 in order to complete a complex correction (W-X-Y) from 6966. Resistance would be at 8318. The larger trend is down…the question is whether or now price will exceed 8080 before the plunge. Even so, strength […] [...more]

Technicals Comments Off on Light Crude Technicals for July 29th

High U.S. Inventories Send Crude Oil Price Lower

2010-07-29: High U.S. Inventories Send Crude Oil Price Lower Crude Oil prices ended lower yesterday after U.S Oil Inventories rose by 7.3M barrels. Lately this figure made little impact over Crude Oil prices but yesterday it came quite high compared with expectations of a 1.4M drop. Demand for durables goods which also came surprisingly lower […] [...more]

ForexYard Comments Off on High U.S. Inventories Send Crude Oil Price Lower

Crude Oil Falls on Bearish Inventory Data, Gold Liquidation Continues

Crude oil fell following a bearish inventory report on Wednesday. In the coming weeks we will see whether the enormous build was the start of a trend of an aberration. Commodities – Energy Crude Oil Falls on Bearish Inventory Data Crude Oil (WTI)        $77.12       +$0.13        +0.17% Commentary: Spurred by […] [...more]

Technicals Comments Off on Crude Oil Falls on Bearish Inventory Data, Gold Liquidation Continues

Crude Oil Inventory Watch: Surge in Imports Brings Inventories Near 10-Year Highs

Inventories The Department of Energy reported that in the week ending July 23, 2010, US crude oil inventories increased by 7.3 million barrels, gasoline inventories were close to unchanged, distillate inventories increased by 0.9 million barrels, and total petroleum inventories increased 9.0 million barrels. The latest movements put all inventory components at or near record […] [...more]

Technicals Comments Off on Crude Oil Inventory Watch: Surge in Imports Brings Inventories Near 10-Year Highs

Light Crude Technicals for July 28th

  Crude has traded sideways for the past several weeks and I cannot yet rule out a move above 8080 in order to complete a complex correction (W-X-Y) from 6966. Resistance would be at 8318. The larger trend is down…the question is whether or now price will exceed 8080 before the plunge. Even so, strength […] [...more]

Technicals Comments Off on Light Crude Technicals for July 28th

Free Ebook!

Dowlnoad this FREE Ebook to Discover
7 Expert Secrets to Crude Oil Futures Trading
Enter Your Name & Email For Instant Access: