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49.1500 0.3 (0.61%)
10:01:25 (GMT)
Bid 49.1300
Ask 49.1700
Open 48.8500
High 49.1500
Low 48.6400
 

Daily Technical Analysis

Crude oil prices moved higher on Wednesday following a larger than expected draw in crude oil inventories which pushed prices up to resistance levels.  The Fed kept rates unchanged, but might be ready to pull the trigger in September which...
Light Sweet Crude The light sweet crude market broke higher during the course of the session on Wednesday, as the market found buyers. However, we recognize that the $47 level below was of course going to always be supportive, but...
Crude oil prices rebounded on Tuesday as riskier assets gain traction.  U.S. stocks drew money into U.S. assets helping crude oil prices move higher.  Hedge fund traders had added a large number of shorts to their position in futures and...
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Weekly Technical Analysis

Light Sweet Crude The light sweet crude market fell during the course of the week, breaking well below the $50 handle finally. Because of this, it looks as if the market is ready to continue going much lower, and that...
Light Sweet Crude The light sweet crude market initially looks like it was going to bounce during the week, but as you can see fell to test the $50 level. We are at the very bottom of the recent consolidation...
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Daily Fundamental Analysis

Analysis and Recommendations: Crude Oil continued to fall as production climbs and demand falls as global growth forecast were lowered.  Crude oil dipped 13 cents to 47.84 while Brent Oil dipped 22 cents to 53.08.  Analysts attributed dropping crude oil...
Analysis and Recommendations: Crude Oil continues to search for a bottom with none in sight. Crude oil is down 33 cents at 47.07 and could likely close in the $46 range as traders will have to wait for after trading...
Analysis and Recommendations: Crude Oil is down 24 cents falling steadily through the session touching 47.90 while Brent Oil eased by 21 points to 54.41 as global supplies continued to mount and global demand eases along with forecasted demand.  Commodities...
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Weekly Fundamental Analysis

Analysis and Recommendations: September Crude Oil futures finished the week...
Analysis and Recommendations: September Crude Oil futures finished the week...
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More Crude Oil Report

 
Are oil prices really recovering or was yesterday just a short term blimp on the charts? Many traders reacted to the drop in oil stocks in the US after the release of the EIA inventory report. The inventory report gives no real long term data but only...
September Crude Oil futures turned positive on Wednesday after the U.S. Energy Information Administration reported that U.S. crude oil stockpiles fell far more than expected last week. According to the EIA, crude inventories fell by 4.2 million barrels in the week-ended July 24. Traders had been looking...
Light Sweet Crude The light sweet crude market bounced significantly off of the $47 level during the session on Tuesday, as we had anticipated that area being supportive. Having said that, we think that there is plenty of resistance above, especially near the $50 handle. Any type...