Author: NULL

February crude oil was steady to slightly lower overnight as it consolidates some of the rally off December’s low. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near term. If...

February crude oil was higher overnight as it extends the rally off December’s low. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near term. If February extends the rally, the...

February crude oil closed higher on Monday as it extended the rally off December’s low. Today’s high range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are bullish signaling...

February crude oil was lower overnight due to profit taking as it consolidates some of Wednesday’s rally and is trading below the 20 day moving average crossing at 43.27. However, stochastics and the RSI are bullish...

February crude oil closed sharply higher on Wednesday and spiked above the 20 day moving average crossing at 43.52. The end of year rally was triggered by ideas that the worst of the decline in oil demand is now behind us....

February crude oil was lower overnight as it consolidates some of Monday’s rally. Stochastics and the RSI are oversold but are turning bullish hinting that a short term low might be in or is near. Closes above the 20 day...

February crude oil posted an inside day with a lower close on Tuesday ending a two day short covering bounce. Today’s mid range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are oversold...

February crude oil was higher overnight due to short covering as it consolidates some of last week’s decline. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a short term low might be...