Oil News: Supply Fear vs. Oil Demand Sets Up a Pivotal Week for Brent Crude
The longer-term range is $58.98 to $120.00. Its retracement zone at $89.49 to $82.29 provided support two weeks ago,…
Oil News: $100 Crude Back in Focus as Strait Closure Risk Builds
I haven’t seen any reports of oil fields or facilities being targeted yet, but that could change fast.…
Oil News: Crude Oil Analysis Highlights Rising Conflict Risk Ahead of Iran Negotiations
Key support today is an uptrend line from the January 7 main bottom at $55.48, coming in at…
Oil News: Iran Talks Thursday Could Make or Break Crude Oil’s Rally This Week
In making its forecast, Goldman seemed to be hedging its bets. On the bullish side, it raised its…
Oil News: Crude Oil Edges Higher with Oil Demand and Iran Tensions Back in Play
Daily April WTI Crude Oil Futures For most of the session on Friday, the market straddled a multi-month…
Oil News: Crude Oil Firms on Iran Risks as Traders Weigh Supply Premium and Outlook
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Oil News: Weekly Oil Outlook—Geopolitical Risk Sets Tone for Crude Oil Futures
The Talks Can Go Either Way The talks between the two nuclear powerhouses can go either way, and…
Oil News: Traders Eye Trend Line Break as Crude Oil Analysis Flags Weak Oil Demand
Daily March Crude Oil Futures Technically, the main trend is still up, but momentum looks like it’s getting…
Oil News: Bulls Defend Trend Line as Crude Oil Outlook Hinges on Demand and Iran News
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Oil News: Crude Oil Futures Plunge as Iran Talks Ease Supply Disruption Fears
Daily March Crude Oil Futures A trade through $66.48 will signal a resumption of the uptrend. It will…
Oil News: Weather-War Premium Lifts Crude Oil as Iran Tensions Simmer
Daily March WTI Crude Oil Futures The key support today is the 200-day moving average at $60.51. If…
Oil News: Crude Oil Futures Test 200-Day MA on Iran Supply Production Fears
Daily Light Crude Oil Futures Technically, we had been waiting for the 50-day moving average breakout for several…