It’s time to have a look at oil

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commodities

It’s time to have a look at oil

December 09, 2016 at 11:02 pm by simon

After some boring few months on oil we had finally some news that changed things here. Let’s have a closer look at oil. Deal is done And it was a matter of time. We saw a stagnation on oil because there was no deal in OPEC in terms of

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commodities

Possible targets for oil based on Fibonacci

January 17, 2016 at 9:16 pm by simon

When I wrote post Is oil going back to 25$ few weeks ago, oil was at 37$. Now it is below 30$. Today I want to present some possible targets for oil. Based on move from June 2014 to January 2015 we can spot that price is near 127

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commodities

Is oil going back to 25$?

December 12, 2015 at 7:21 pm by simon

Last weeks were very intense. Few weeks back majority of traders were expecting two things: euro to go down oil to go down As you know, many people got burned on shorting euro. And oil… oil is going down strong. It stopped for a while at 42$ support, we

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Last week I had an interesting conversation with my friend who is starting out his trading journey. He is investing in commodities and he just went long on oil. He looked pretty proud of himself, like he outsmarted everyone else. “But why?” I asked. “It can’t go any lower”.

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commodities/forex

Interesting times

December 07, 2014 at 2:41 pm by simon

Ok, first lets look at eur/usd. After another good NFP numbers we saw a strong move down. There is some possible support on monthly chart:

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commodities

Strong downtrend on WTI Oil

June 23, 2012 at 2:42 pm by simon

It was another hard week. First, we had results of Greeks elections, later there were rumors about Spain and finally FED meeting and rumors about QE3. For me, it is too much for one trading week. Anyway, there was some interesting action at WTI Oil, so let’s check it

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commodities

Crude Oil climbed above 110$

March 02, 2012 at 3:28 pm by simon

Oil was yesterday the most important topic. First there was a report of a Saudi pipeline explosion. Right after that we had a very strong reaction to that news. The report was denied, but oil climbed above 110$. Right now, so a day after, there is a correction and

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commodities

Oil is moving up very fast

February 21, 2012 at 6:52 pm by simon

Yesterday everything opened higher, but today everything is stuck. S&P500 is still below 1370 points, Eurusd is moving in a range around 1.3 level.

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commodities

Oil is still moving up

February 15, 2012 at 6:03 pm by simon

I wrote recently about Brent oil, which broke above important resistance line and looked quite bullish. It was a good call, because today we hit 120$ (well, almost). This is important level because here we have a 138% extension line both with important horizontal resistance line. Add these two

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