Search Results for: crude
Oil prices fall on bloated U.S. crude storage
March 22nd, 2017
Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output. Prices for front-month Brent crude futures, the international benchmark for oil, were ...
Crude oil hovers near three-month lows as investors await data
March 14th, 2017
Crude oil prices hovered near three-month lows on Tuesday in Asian trading, with investors waiting for key reports and data that may shed light on a supply overhang in the global market. U.S. West Texas Intermediate crude (WTI) CLc1 ...
Oil prices under pressure after historical high for U.S. crude stocks
March 2nd, 2017
Oil prices fell further Thursday, depressed by the latest pick up in U.S. crude stockpiles and production. On the New York Mercantile Exchange, light, sweet crude futures for delivery in AprilCLJ7, -0.33% traded at $53.54 a barrel, down 29 ...
Elliott Wave Analysis: Crude OIL and GBPUSD
February 24th, 2017
Crude OIL Crude oil found some nice support at 51.80 last week from where a strong recovery appears to be impulsive. Ideally that was wave 1, which found a top around the 54.50 region, meaning that recent slow and ...
Crude oil rises after report shows drop in stockpiles
February 23rd, 2017
Oil futures climbed nearly 1 percent on Thursday after data showed a surprise decline in U.S. crude stocks as imports fell, supporting the view that a global glut is ending. The U.S. West Texas Intermediate crude April contract CLc1 ...
Elliott Wave Analysis: GOLD and Crude OIL
February 16th, 2017
Elliott Wave Analysis: GOLD and Crude OIL Gold got a nice bounce since USD turned slightly lower in the last few sessions, so metal could benefit as correction on USD index is unfolding. We see gold headed back to ...
Elliott Wave Analysis: GBPJPY and Crude OIL
February 9th, 2017
GBPJPY GBPJPY made a perfect turn up from our highlighted “do or die” zone, where structure shows signs of a completed three wave correction. As such, more gains can follow now in impulsive fashion which would be expected to ...
Elliott Wave Analysis: Crude OIL and GOLD
February 6th, 2017
Crude OIL Crude oil is moving sideways since December, so we are very confident that this is just a contra-trend move within higher degree uptrend. The only question is where correction will end. Based on latest substructures and triangle ...
Oil Resumes Advance as Report Shows U.S. Crude Stockpiles Drop
January 19th, 2017
Nationwide supplies fell 5.04 million barrels last week: API OPEC making “tremendous efforts” to reduce output: Barkindo Oil resumed gains after the biggest drop in more than a week as industry data showed U.S. crude stockpiles declined, while OPEC ...
Elliott Wave Analysis: Silver and Crude Oil
January 18th, 2017
Silver Silver is ticking higher, now very close to our triangle measurement projected level, near 17.25 where upside can be limited as we see metal in wave 5), final leg of a higher degree wave 1. Technically speaking, we ...
