Despite all the volatility in the stock market, crude oil has been falling almost in a straight line, and a lot of people are unaware of this major sell-off in such a major commodity.
Let’s take two perspectives, focusing on divergences, of the entire rally phase and the current range breakout to... Continue Reading
Submitted ByRichard Wilson
Crude Oil Hedge Funds Hedge Funds Cut Bullish Bets on Crude Oil as Prices Fall Hedge funds sold crude oil at the fastest pace in eight months cutting bullish bets by 32%. The move appears to be a result of concerns over Europe's debt crisis and how it will effect energy demand. ...
Submitted ByCorey Rosenbloom
Despite all the volatility in the stock market, crude oil has been falling almost in a straight line, and a lot of people are unaware of this major sell-off in such a major commodity.
Let's take two perspectives, focusing on divergences, of the entire rally phase and the current range breakout to...
Submitted ByGary Tanashian
A website called Chart Facts has an article on SeekingAlpha called Sell Gold, Buy Oil: The Numbers Are Clear. While attempting to restrain some of the sarcastic tone I sometimes exhibit, I would like to critique this article point for point...
Submitted ByCorey Rosenbloom
I posted yesterday about the importance of the $70.00 level as a “Line in the Sand” Support area for Crude Oil. Yesterday, price tested and – so far – held that level, developing a triple-swing positive momentum divergence along with a classic “Finger” Trade set-up/resolution.
Let’s...
Submitted ByPrieur du Plessis
In another move by the Chinese authorities to reign in its booming economy, China’s central bank yesterday announced the third increase this year in the amount banks must hold as reserves. These measures have been weighing on the Chinese stock market over the past few months. Read on...
Submitted ByCorey Rosenbloom
Sometimes it's helpful to pull all the indicators off the charts and take a 'pure price' look at a market or stock, which can not only give you additional perspective, but can clue you in to dominant trendlines that you might be missing if you have all sorts of indicators over your charts.
Let's...
Submitted ByCorey Rosenbloom
The big news last week - that you might have missed if you weren't watching - was in the non-stop rally in Crude Oil after bouncing off support and breaking two potential price patterns with bearish overtones.
Let's see the rally and the two broken patterns:...
Submitted ByCorey Rosenbloom
I often advocate taking a pure price look at a market in order to get information on the recent "character" and "behavior" that you might miss if you have too many indicators on your chart - something we all have done at one time.
Here is the 'price purism' chart of the @CL crude oil futures...
Submitted ByTrader Mark
As much as I am a long term bull on these coal names (and have been since 2007), the moves of late remind me of when companies announced a stock split or a new website launch in 1999 and speculators ran into the stock, driving it up 15% overnight. Right now people are frothing at the mouth...
Submitted ByPrieur du Plessis
"Oil prices should continue to rise during the summer driving season with the yearly high established near the July 4th holiday. After that, many factors will have to be weighed such as, the Federal Reserve policy, inflation concerns, the unemployment rate, consumer sentiment, global growth and...
Despite all the volatility in the stock market, crude oil has been falling almost in a straight line, and a lot of people are unaware of this major sell-off in such a major commodity.
Let’s take two perspectives, focusing on divergences, of the entire rally phase and the current range breakout to... Continue Reading 
Submitted By 
Submitted By 
Submitted By 
Submitted By 
's
