I observed a bullish engulfing formation on the crude oil price 2 days ago. Immediately after the formation, crude oil price made a 8 percent gain on Friday and registered a new record high. Will it cross the 140 mark? I believe so.
Look at the chart below, crude oil has resumed its uptrend in the [...]
I posted that crude oil price was trading at an attractive position yesterday and thought that we should monitor closely in order to ride the opportunity to Long crude oil.
I was reading on Yahoo Finance and I was shocked to see the headline "Oil prices near $130 on rate chatter ", wow, it rebounded. I [...]
The US dollars has been gaining some rising momentum in the last few days and crude oil has been easing from its record high price of USD135 last week. The crude oil price is trading at approx. US 123 on NYMEX now.
I was looking that crude oil trends using technical analysis today. It is trading [...]
