Tags » Brent Crude

Crude and commodities rising

Nymex Light Crude is headed for a test of resistance at $105/barrel*. Recovery of 13-week Momentum above zero indicates a primary up-trend. Breakout above $105 would confirm, offering a target of $112*. 56 more words

Brent Crude

11-04-2014 Brent Crude Analysis

Weekly Chart

Notable Comments/Data

  • US crude oil inventories rose by 4.03m barrels in the week ending April 4
  • US total crude oil inventory : 384.1m barrels…
  • 664 more words
Technical Analysis

Scant Relief: Summer Gas Price To Dip A Penny

Drivers will get the slightest of breaks on gasoline prices this summer, according to the Energy Department.

The national average price is forecast to fall – by just one cent – to $3.57 a gallon between April and September, the months when Americans do most of their driving. 430 more words

Business

04-04-2014 Brent Crude Analysis

Monthly Chart

The monthly chart actually did nothing that interesting in March and has only begun to violate the lower trend line during this month. Basically got an entire month to go before the current candle closes and a break can be confirmed but we can already see there’s some downside pressure and the market draws ever closer to the apex. 557 more words

Technical Analysis

28-03-2014 Brent Crude Analysis

Weekly Chart

Notable Comments/Data

  • US crude oil inventories rose 6.6m barrels in the week ending March 21. Build of 2.8m expected
  • US total crude oil inventory : 382.5m barrels…
  • 514 more words
Technical Analysis

Depleting Putin's war chest

From Quartz:

The “First Law of Petropolitics,” coined by New York Times columnist Tom Friedman… states that when oil prices are high, the leaders of petro-states can become demanding and belligerent; when they are low, they are more prone to be pussycats.

66 more words
US & Canada

21-03-2014 Brent Crude Analysis

Weekly Chart

A interesting week as the market has come off far enough to test the lower trend line and was also able to trade slightly below it briefly. 663 more words

Technical Analysis