Posts tagged 'Crude'

Crude Oil - Trend Bearish, but Pullback should be TemporaryA break, at the beginning of 2017, above the neckline to a broad bullish weekly Head & Shoulders pattern which was formed with a "Head" at last year's 14 year Oil low at 26.14 has proved a false one.Last week's decline took the market back under that neckline... read more

Update 20th OctoberCRUDE OIL - testing key necklineOn the 12th August our long-term analysis to buy Oil (43.49) was partly based on a similar pattern in FTSE. The market is now testing the key neckline and while we expect bullish sentiment in Oil to continue, there could be a pullback. For this reason we would take... read more

Crude - Sellers return at 62% pointThis year's trading has been dominated by a reaction to negative technical divergence that resulted in a Double Bottom and a rally of almost $16.Crude was bought to higher levels for 6 weeks in a row and recovered 62% of the October - January/February deterioration. But that level has capped... read more

...3cA signals for Crude Oil have been bearish on our Trend Table page for some time. However there are some early signs that sentiment may continue to improve since January's 13 year low at 26.19. Last week's rally has formed a bullish Hammer and this week's gains have ended a sequence of lower weekly highs. Along... read more