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Market Analysis on the Oil Market |
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Market Analysis on the Oil Market
For the latest technical analysis see Oil Market Spread Betting Analysis.
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10 February 2012 update -
The Crude oil spread betting market closed higher on Thursday following Tuesday's key reversal up. The high-range close sets the stage for a steady opening on Friday. Stochastics and the RSI have turned bullish signalling that a low might be in or is near. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews January's decline, December's low crossing is the next downside target.
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09 February 2012 update -
The crude oil spread betting market closed higher on Wednesday following Tuesday's key reversal up. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI have turned bullish signalling that a low might be in or is near. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews January's decline, December's low crossing is the next downside target.
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08 February 2012 update -
Crude oil closed up on Tuesday and the high-range close sets the stage for a steady-to-higher opening on Wednesday. Stochastics and the RSI are turning neutral-to-bullish signalling that a low might be in or is near. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it extends January's decline, December's low crossing is the next downside target.
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07 February 2012 update -
Crude oil closed lower on Monday. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI remain neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends January's decline, December's low crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted.
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06 February 2012 update -
Crude oil closed higher on Friday and the high-range close sets the stage for a steady-to-higher opening on Monday. Stochastics and the RSI remain neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends January's decline, December's low crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted.
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03 February 2012 update -
Crude Oil closed lower on Thursday and the mid-range close sets the stage for a steady-to-higher opening on Friday. Stochastics and the RSI are bearish signalling that sideways-to-lower prices are possible near-term. If it renews January's decline, December's low crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted.
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02 February 2012 update -
Crude oil closed lower on Wednesday and the low-range close sets the stage for a steady-to-lower opening on Thursday. Stochastics and the RSI are bearish signalling that sideways-to-lower prices are possible near-term. If it renews January's decline, December's low crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted.
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01 February 2012 update -
Crude oil closed lower on Tuesday and the low-range close sets the stage for a steady-to-lower opening on Wednesday. Stochastics and the RSI are neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews January's decline, December's low crossing is the next downside target.
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31 January 2012 update -
Crude oil closed lower on Monday and the low-range close sets the stage for a steady-to-lower opening on Tuesday. Stochastics and the RSI are neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews January's decline, December's low crossing is the next downside target.
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30 January 2012 update -
Crude oil closed slightly lower on Friday due to light profit taking. The low-range close sets the stage for a steady-to-lower opening on Monday. Stochastics and the RSI are turning neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted.
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With financial spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital. Please familiarise yourself with the risks that are involved and before trading, ensure that financial spread betting matches your investment objectives. Seek independent advice where necessary.
Market Analysis on the Oil Market - edited by PipTrade, 10 February 2012.
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With spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital so please familiarise yourself with the risks that are involved and, before trading, ensure that spread betting matches your investment objectives. Seek independent advice where necessary.
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* Based on current UK tax law. Tax law may change and can differ depending on your personal circumstances.
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