Author: ChartWhiz

The market experienced volatile conditions last week as the May contract went off the board and is expected to continue this week as we finish out the month of April. Last week’s action began with heavy liquidation selling...

Crude oil prices were range bound last week between 4900 and 5100 and ended lower at 5033 posting a weekly loss of $1.91, its biggest 1-week loss since mid-February and first significant decline since reaching a yearly high at...

Crude oil prices sold off for most of last week, but rebounded on short covering ahead of the holiday weekend prompted by a 2-week technical double bottom at 4737-4726. Pressure early in the week brought on by continued concerns...

Recap Crude oil maintained its weekly bull trend that began in mid-February but remains ‘news sensitive’ as evidenced by last week’s volatile swings. The market suffered its biggest 1-day drop in four weeks off...

Crude oil prices rose for a seventh straight week last week posting 3-month highs at 5466 but settled well off of its highs at 5238. The market gyrated for much of the week between 5200 and 5400 as it deciphered between bullish...

Crude oil posted gains for the fifth straight week last week as prices rose to fresh spot highs for 2009 at 5225. The week commenced leaning toward the bearish side as OPEC announced at its March 15 meeting it would leave...

Last week’s action was rather mixed as oil prices rallied off the starting gates to a 5-week high at 4883 on speculation of further OPEC cuts, but then turned sharply on Wednesday’s DOE inventory reports to post a...

Crude oil prices finished strong for the week ended March 6, though started off under pressure due to several factors including a surge in the dollar to a 2-3/4 year high and continued concern the worldwide recession is...

Crude oil prices finished the week and the month on its highs closing at 4476 after reaching its highest level in three weeks at 4530. The market began last week under pressure but reversed off of the key weekly support range at...

Crude oil prices remained under pressure for much of last week as the global economic crisis continues to be the main component driving prices. Price action was weak off the starting gate with oil below 4000 resulting in lower...