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Oil Daily Review April 22, 2019

Oil Daily Review for April 22, 2019 Start Selling Oil Investments The oil cycles are topping. Start taking profits now.   WTI Crude Oil and Natural Gas Forecast April 22, 2019 The WTI Crude Oil market continues to meander around the $65 level, as we closed out the market on Thursday. Ultimately, this is a market that should continu…   If Sanctions Cut Iran’s Oil Exports To Zero, Would Saudi Arabia Really Fill The Void? If Saudi Arabia commits to increase oil production for Trump’s Iran sanctions policy, it could…

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Oil Daily Review April 19, 2019

Oil Daily Review for April 19, 2019 Euro Weekly Price Outlook: EUR/USD Coils – Breakout Pending Euro turned just ahead of resistance this week with the price consolidation coiling into the April range. Here are the levels that matter on the EUR/USD weekly chart.   United States Baker Hughes US Oil Rig Count down to 825 from previous 833 United States Baker Hughes US Oil Rig Count down to 825 from previous 833   Oil Technical Analysis: WTI trading to daily lows near $63.60 a barrel Oil daily chart WTI…

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Oil Daily Review April 18, 2019

Oil Daily Review for April 18, 2019 Oil Price Forecast: Crude Oil Crafts Lower-High After Support Bounce Crude Oil prices have put in a strong bounce from support to start this week. But with DOE inventories due out, will buyers be able to break a string of lower-highs?   CAD Soars, Crude Oil Pushes Higher, GBPUSD Eyes 1.30 Support – US Market Open CAD Soars, Crude Oil Pushes Higher, GBPUSD Eyes 1.30 Support – US Market Open   3 Charts to Follow: Crude Oil, Gold and Bitcoin (BTC) Price Analysis…

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Oil Daily Review April 17, 2019

Oil Daily Review for April 17, 2019 Crude Oil Forecast Remains Bullish as Prices Ride Momentum Higher Recent changes in trader positioning suggest that Crude Oil may still have further gains ahead.   GBP Price Outlook: GBPUSD Coils Deeper into Triangle GBPUSD remains mired by digestion, and this follows a chaotic month of March as Brexit headlines continued to drive the flow in GBP prices. But is a breakout nearby?   WTI Crude Oil and Natural Gas Forecast April 17, 2019 The WTI Crude Oil market pulled back a bit…

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Oil Daily Review April 16, 2019

Oil Daily Review for April 16, 2019 Silver, Gold and Crude Oil Technical Patterns Point to a Temporary Dip? Patterns for commodities such as silver, gold and crude oil point to a temporary dip before embarking upon another uptrend.   Oil Technical Analysis: WTI starts the week with a slump towards $63.00 a barrel Oil daily chart WTI is trading in a bull trend above its main simple moving averages (SMAs). Oil 4-hour chart Crude oil WTI is trading below its main   Weekly Trade Levels for Euro, Loonie, Aussie,…

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Oil Daily Review April 15, 2019

Oil Daily Review for April 15, 2019 For Venezuela, Producing Onions More Important Than Producing Oil Nicolas Maduro touts his country’s subsistence farmers, while its most important commodity, oil, is seeing production declines beyond OPEC’s requirements.   Crude Oil Price Technical Forecast: Will Pres. Trump Tweet at $65? The bullish theme in Crude continued into this week, as Oil prices broke out into a big zone of long-term resistance. Can this hold, or will buyers continue to stampede?   Oil Price Forecast: Crude Could Crumble if Growth Concerns Catch Fire…

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Oil Daily Review April 12, 2019

Oil Daily Review for April 12, 2019 Canadian Dollar Price Outlook: USD/CAD Eyes Breakout as Loonie Coils Loonie is unchanged on the week as price narrows within a multi-month consolidation range. Here are the targets & invalidation levels that matter on the USD/CAD charts.   Oil Technical Analysis: Uptrend intact as WTI trades near $64.00 Oil daily chart WTI is trading above its main simple moving averages (SMA) suggesting a bullish bias. Oil 4-hour chart Crude oil WTI is trading above   WTI Crude Oil and Natural Gas Forecast April…

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Oil Daily Review April 11, 2019

Oil Daily Review for April 11, 2019 Rising Oil Prices Make Energy Bonds An Attractive Play I am feeling pretty good about my call for a gently-sloping upward move in oil prices in 2019, but as an active asset manager there is still the thorny problem of profiting from such a move.   Oil Technical Analysis: WTI ascent goes on as bulls are approaching $65.00 a barrel Oil daily chart WTI is trading above its main simple moving averages (SMA) suggesting a bullish bias. Oil 4-hour chart Crude oil WTI…

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Oil Daily Review April 10, 2019

Oil Daily Review for April 10, 2019 Oil Prices Remain Overbought Even as IMF Cuts Global Growth Forecast Crude pulls back from a fresh 2019-high ($64.79) as the IMF cuts its growth forecast, but the bullish price action may persist as the RSI sits in overbought territory.   Crude Oil Pushes Higher, GBPUSD Whipsaws, EURUSD Unfazed by Bearish Risks – US Market Open Crude Oil Pushes Higher, GBPUSD Whipsaws, EURUSD Unfazed by Bearish Risks – US Market Open   US EIA cuts world oil demand growth forecast 2019 by 50K…

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Oil Daily Review April 9, 2019

Oil Daily Review for April 9, 2019 Oil Weekly Price Outlook: Crude Rips into Resistance, Five-Month High Crude Oil is up more than 33% since the start of the year with the breakout now testing key technical resistance. Here are the levels that matter on the WTI weekly chart.   USD Drops to Support, Gold & Crude Oil Buoyed, EURUSD Recovers- US Market Open USD Drops to Support, Gold & Crude Oil Buoyed, EURUSD Recovers- US Market Open   Weekly Technical Forecast: Dollar, Equities and Crude Oil Advance Together Risk-leaning…

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