Author: ChartWhiz

Crude oil prices closed below 4000 last week for the first time since January 20th as the economic recession remains the driving force for weak prices in addition to speculation that the stimulus plan will not boost oil demand...

CW WEEKLY OIL REPORT 2/9 The market was unable to sustain gains last week as prices traded in a sideways choppy range between 4000 and 4200. The market dipped below 4000 several times throughout the week, but never produced a...

CRUDE OIL: The market trend and momentum remain down with recent price action continuing to challenge the 3983-3940 gap to an adjusted lower target range at 3900-3865. Sell rallies today initially against 4080-4100 PIVOT...

The global recession continues to be the main driving force behind the crude oil bear market with weak demand leading to continued surplus inventories. Despite solid gains in the prior week, the Bears quickly rejected early...