Article Results for USO
Results for USO
Displaying Results 1-30 of 67
Yesterday, Brent Oil met its secondary upside target zone of $115.00, and has since pulled back a bit.
Let's notice that my 4-hour momentum gauge shows a glaring ...
Although it is not surprising that oil has pulled back 3% from its Thu-Fri upmove of 10%, and although a vertical move of such power usually has tailwinds that propel it still ...
All of the action off of the June 4 low at 81.21 in nearby NYMEX Oil futures has carved out a sideways congestion or coil-type formation. This is located in the lowest ...
Apart from all the chaos and confusion in the financial markets, one look at the ugly technical condition of the longer-term Crude Oil chart, and we have to wonder if the ...
Purely from a technical perspective, two aspects of the big-picture chart analytics pop out at me. One, oil has violated its major support line off of the December 2008 low at ...
Let's take a BIG picture look at NYMEX Oil, which has undergone a huge decline, but which the equity markets continue to ignore. Why? I can only surmise that the grip of ...
During the month of May so far, Brent crude oil futures have declined from $128.40 to $110.93 (-$17.47), or nearly 14%, while NYMEX Oil has declined from $106.49 to $93.65 ...
Let's notice that today's swoon in nearby NYMEX crude oil has pressed to a new corrective low at 101.49 off its March 1 high at $110.55. It just so happens that this morning's ...
Downward momentum may be becoming exhausted in natural gas and its related ETFS -- US Natural Gas Fund (UNG) and ProShares Ultra DJ UBS Natural Gas ETF ...
If I totally was isolated from any news today, and all I had at my disposal was the enclosed 4-hr chart of nearby NYMEX Oil, the analysis argues that a correction from the ...
One of two scenarios is unfolding in nearby NYMEX oil here. One is that at last Wednesday's low at 104.35, a correction ended off of the March 1 high at 110.55, which means ...
The decline in nearby NYMEX Crude Oil prices from last Friday's high at 109.95 to yesterday's low at 104.84 returned the price structure to its prior multi-month upside ...
Nearby NYMEX oil experienced a deep retracement of yesterday's upmove from 97.40 to 100.24. This morning's low at 98.25 followed by an upside pivot and rally to 99.20-plus ...
Nearby NYMEX oil experienced a deep retracement of yesterday's upmove from 97.40 to 100.24. This morning's low at 98.25 followed by an upside pivot and rally to 99.20-plus ...
Today's strength in the risk-on markets in general and in the industrial commodity markets in particular likely reflects a collective sigh of relief that China Q4 growth came ...
Oil is considerably higher today, as geopolitical tensions continue, and despite despite yesterday's larger-than-expected inventory build in oil and gasoline, and unseasonably ...
Increasingly, my near-term work is "warning" me that the correction in NYMEX crude oil from its Jan 4 high at 103.74 likely ended at this morning's pre-market low at ...
Weakness in nearby NYMEX Crude Oil has continued beneath my original target zone of 93.80 into a near corrective low of 92.52 so far.
Once again, my 4-hour RSI momentum ...
My work in nearby NYMEX oil argues that current weakness should violate Friday's low at 97.65 on the way to a press into the 96.00 area, where the price structure should make ...
Monday's high at 102.44 in NYMEX nearby crude oil has the right look of a failed attempt to climb to new multi-month highs above 103.37. It also exhibits 4-hour negative ...
NYMEX crude oil has reversed from new recovery highs at 103.37 to test its November support line at 99.20, which so far has contained the pressure.
However, judging by ...
NYNEX crude oil had reversed from new recovery highs at 103.37 to test its November support line at 99.20, ...
In the aftermath of today's inventory report, nearly NYMEX oil has jumped off its morning low at 95.54 to 96.42 so far, within the larger downmove off of yesterday's high at ...
Based on my intraday pattern work, nearby NYMEX Crude Oil should roll over again and press towards 90.10-89.80 next. Should such a scenario unfold, then I will be interested ...
My intraday pattern work in NYMEX crude oil futures has triggered very preliminary signals that the overnight weakness from 86.09 to 83.97 is the start of a larger correction ...
As of this moment, my optimal scenario for the nearby NYMEX oil price calls for a period of stability and/or a recovery rally that grinds into the 80.50-82.00 resistance area ...
Nearby NYMEX crude oil finally proved the chart work correct as it plunged from the upper portion of its September congestion pattern (89.00-90.00) to the lower portion ...
After inventory data that showed a much bigger-than-expected reduction in crude supplies but a much bigger-than-expected increase in gasoline stocks, nearby NYMEX oil prices ...
This morning's crude oil inventory report showed a bigger than expected drawdown of 3.96 million barrels compared to expectations of 2 million barrels. Let's notice that ...
"Triangle, triangle on the wall, what are thee telling us about market direction overall?" Neither the lack of European financial integration nor the imminent fall ...
Displaying Results 1-30 of 67