Crude Oil Price Drops Below $80 And Might Extend Losses
Key Highlights Crude oil price declined below the $81.50 and $80.00 support levels. It traded […]
WTI Oil: Prices Accelerate Lower on Fresh Demand Concerns
WTI oil price fell around 1.6% on Wednesday after weak manufacturing data from Japan, Eurozone […]
Rate Expectations Pared Back as PMIs Point to Recession
European stocks have given back the bulk of their gains this morning as flash PMI […]
Crude Oil Looking for Deeper Supports Within Uptrend (Elliott Wave Forecast)
Crude rallied only in three waves and stops between 50-61.8% Fib, so it appears that […]
WTI Oil Technical: Potential Bullish Reversal to Resume Medium-Term Uptrend
The recent decline of -6.8% from its 10 August 2023 high has not damaged the […]
Gold Price and Crude Oil Price Signal Negative Trend
Gold price is moving lower from the $1,930 resistance. Crude oil price is also declining […]
WTI Oil Dips Again as Sellers Take Control
WTI oil futures got hammered after the peak at a nine-month high of 84.89, breaking out […]
WTI Oil Technical: Time for a Potential Short-Term Pullback
Recent bullish breakout from “Descending Wedge” has led to a 10% rally to reach a […]
All Eyes on US CPI Report as Traders Weigh Up Whether Fed is Done With Rate Hikes
It’s been a positive start to trading on Thursday, with European stock up around 1% […]
OIL ($CL_F) Impulse Sequence Supports More Upside
The short-term Elliott wave view in the OIL futures ($CL_F) suggests that the cycle from […]
Will US Inflation Convince Investors that More Fed Hikes are Needed?
Even after the US employment report revealed higher-than-expected wage growth for July, investors continued to […]
WTI hits highest level this year, targeting 85 next
WTI crude oil continued its impressive rally, marking its highest price point for the year. […]