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48.4600 -2.59 (-5.07%)
20:58:58 (GMT)
Bid 48.4200
Ask 48.5000
Open 51.0500
High 51.0800
Low 48.2000
 

Daily Technical Analysis

Light Sweet Crude The light sweet crude market fell during the session on Friday, forming a slightly negative candle. In fact, this candlestick formation called a harami, is Japanese for “pregnant lady.” This suggests that the bullish pressure is running...
Light Sweet Crude The light sweet crude market rallied during the session on Thursday, but found enough resistance near the $53 level to turn things back around and selloff about half of the gains for the session. This only confirms...
May NYMEX Crude Oil futures are spiking higher on the daily chart during the pre-market session, driven higher by short-covering and some speculative buying on reports that Saudi Arabia bombed Iran-backed rebels in Yemen. Traders are ignoring the bearish weekly...
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Weekly Technical Analysis

Light Sweet Crude The light sweet crude market as you can see initially broke out during the course of the week, testing the $52 level. That being the case, we found sellers in that general vicinity to turn things back...
Light Sweet Crude The light sweet crude markets fell during the course of the session during the week, but found enough support at the $42 level to turn things back around and form a nice-looking hammer. The hammer of course...
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Daily Fundamental Analysis

Analysis and Recommendations: Crude Oil ended the day down just about a buck at 50.44 while Brent Oil eased $1.34 to $57.35 as tensions in Yemen eased a bit after the Arab nations joined as a coalition to push back...
Analysis and Recommendations: Crude Oil soared as traders worry about the violence in Yemen causing supply disruptions in the Middle East. Crude added $2.06 while Brent Oil moved up $2.35 to reach $58.83. Oil markets probably got the boost they...
Analysis and Recommendations: Crude Oil added 24 points to trade at 47.76 while Brent Oil added 53 points to reach 55.64. Oil markets were also in focus, as crude futures dipped on Wednesday. Ballooning U.S. storage volumes continued to pressure...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation:  Crude Oil tumbled late on Friday...
Weekly Analysis and Recommendation:   Crude Oil traders took advantage of...
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More Crude Oil Report

 
May Crude Oil futures weakened after posting a high at $51.38. There was no follow-through to the upside following yesterday’s nearly 4% spike on the news that Saudi Arabia had launched airstrikes against Iran-backed rebels in Iran. Despite the relative calm today, this situation has the potential...
Crude oil gave back a lot of Thursday’s gains falling $1.02 in the Asian session on Friday to trade at 50.41 while Brent oil performed almost as bad declining 86 cents to 58.23. Yesterday a big rally oil that has saw WTI regain $50 and Brent took...
Middle East tensions helped drive gold and crude oil futures sharply higher on Thursday. May Comex Gold futures spiked higher after taking out the key $1200.00 psychological level.  The upside momentum created by the move targets a top at $1223.70 and a major 50% level at $1225.70...