Tag Archive for crude

Crude Oil – is it time to buy the dip?

Crude Oil has retraced from highs of $73 per barrel hit last month and currently sits at $66.22.  Weekly inventory storage figures have been mixed recently, as well as dampening news flow over the past few weeks.  Add in profit-taking with a reduction in the unprecedented bullish positions, and a pullback was inevitable. However, with…

Oil price pulls back – where to now?

With Brent topping $80 a barrel, and US Crude hitting levels not seen since November 2014, it seemed inevitable a pullback in oil prices was likely. Last week provided the perfect opportunity for a cool off, with an unexpected US inventory build of 5.778M barrels and talk of increasing production by Russia and Saudi Arabia.…

Gold and oil on the cusp of breaking out

The Gold price has hit its head on resistance numerous times this year – it appears increasingly keen to get moving! Over the past month, the precious metal has wound itself up like a coiled spring on the daily chart and is almost reaching a point of unravelling. The weekly chart shows key levels of…