Crude Oil closed another difficult week on the technically critical uptrend line of the last 6 months and this is no coincidence. Market participants are looking confused as the short-term trend indicators show “down” and the long-term ones show “up”. This cannot last forever. Disclaimer> This post is informational only. This post is not a […]

Crude Oil did not manage to challenge the previous highs even given a geopolitically severe situation. The $10/bbl correction from the April highs cannot go unnoticed and the bulls need to prove whether they have the power to keep CL above this year’s uptrend line. Disclaimer> This post is informational only. This post is not […]

This year’s uptrend line in Crude Oil is about to be tested. Differences between the various medium-term charts may show up because of the methodology used for drawing (nearest futures etc.) but what is most important is that the $80 level is key in sustaining (or not) a bullish bias. Disclaimer> This post is informational […]

Crude Oil longs have to show up as another important uptrending support line is being tested. Positive seasonality combined with geopolitics may be the bulls’ rationale for a continuation of the uptrend, but whatever they decide to do, they better do it in a convincing way soon. Disclaimer> This post is informational only. This post […]

NBullish Crude has been taking a few days break near $85 bbl. The market is looking for a rest. Is the run over or this is just a show of respect to the 61.8% fibonacci of the lst few months? Disclaimer> This post is informational only. This post is not a trading or investment advice! […]

No wonder that CL is running on geopols. However, price seems to be stuck in the $85-$87.50 area with Friday’s closing unexpected ahead of risk in the Middle East. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and […]