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57.5400 -0.79 (-1.35%)
13:15:14 (GMT)
Bid 57.5200
Ask 57.5600
Open 58.3300
High 58.9300
Low 57.4700
 

Daily Technical Analysis

Light Sweet Crude The light sweet crude market fell hard during the session on Tuesday, testing the $58 level. This is the beginning of massive support and therefore we are very interested in this market now because we recognize that...
Light Sweet Crude The light sweet crude market initially fell during the course of the day on Monday, testing the $59 level for support. We of course did find it there and ended up bouncing enough to form a hammer...
Light Sweet Crude The light sweet crude market fell during the session on Friday, but found a bit of support near the $59.50 level. This begins a significant amount of support based upon a cluster that had formed late April...
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Weekly Technical Analysis

Light Sweet Crude The light sweet crude market initially fell during the course of the week but found enough support at the $58 level to turn things back around. Ultimately, we ended up forming a bit of a hammer, which...
Light Sweet Crude The light sweet crude market tried to rally during the course of the week, but struggled yet again as we are closing below the $60 handle. With even more important is the fact that we have formed...
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Daily Fundamental Analysis

Analysis and Recommendations: Crude Oil gained 65 cents to trade at 58.68 as the dollar eased and Brent Oil added 47 points to 64.19. Traders are focused on the API inventory due later today which was delayed due to the...
Analysis and Recommendations: Crude Oil fell 33 cents to 59.39 while the Brent Oil fell 36 points to 65.16. Crude-oil prices were range bound on Tuesday with key markets in Hong Kong, London and the U.S. returning from a long...
Analysis and Recommendations: Crude Oil reversed early losses to trade near flat at 59.77 with US markets closed. Traders are watching news and headlines in regards to the upcoming OPEC meeting scheduled for June 5th as well as violence in...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation: Crude Oil gave up weekly gains...
Weekly Analysis and Recommendation:   Crude Oil gained a bit on...
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More Crude Oil Report

 
Crude oil bounced back in the Asian session to trade at 58.36 after tumbling as the greenback soared earlier this week. Energy traders are a bit confused after Goldman Sachs warned on increasing prices.  Brent oil eased just a few cents to 63.89 remaining well below the...
The EUR/USD was under pressure on Tuesday as fears grew about Greece’s ability to pay its debt obligations. Concerns were raised over the week-end after Greek Interior Minister Nikos Voutsis said Sunday that the government won’t have the money it owes the International Monetary Fund (IMF) next...
Oil prices diverged in the Asian session with crude oil gaining 8 cents to trade at 59.80 while Brent oil dipped 40 cents to 65.48. On Monday crude oil futures rose on firm global demand overshadowed a strong dollar, although a holiday in the United States and...