One of the big negatives out there is the fact that the world economy seems to be slowing down, therefore it should drive down the demand for crude oil. Even with the Russian supply being...
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WTI Crude Oil Forecast: Showing Signs of Hesitation
The West Texas Intermediate Crude Oil market initially tried to rally on Tuesday but gave back gains as we got a little bit too close to the $100 level. The market is also far too close...
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WTI PRICE ANALYSIS: RECOVERY REMAINS ELUSIVE BELOW $100.00
WTI snaps two-day downtrend inside immediate triangle, grinds higher of late. 200-EMA, two-week-old descending trend line restricts immediate upside. Bullish MACD signals, sustained bounce off $94.12 favor buyers. WTI grinds higher around the daily...
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WTI Crude Oil Forecast: Testing Major Resistance Barrier
The West Texas Intermediate Crude Oil market rallied a bit Tuesday as we are now threatening to $104 level. This is an area that should cause a bit of resistance because there should be a certain amount...
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