Crude Oil: The spot-month contract closed at $52.51, down $1.48 for the week. Crude oil remains in a secondary (intermediate-term) 3-wave downtrend, though holding support near $51.63. This price marks [...]

Crude Oil: The spot-month contract closed at $53.99, up $0.49 for the week. Crude oil extended Wave C (third wave) of its secondary (intermediate-term) 3-wave downtrend to a new low [...]

Crude Oil: The spot-month contract closed at $53.50, down $5.13 for the week. Crude oil extended Wave C (third wave) of its secondary (intermediate-term) 3-wave downtrend to a low of [...]

Crude Oil: The spot-month contract closed at $58.63, down $4.13 for the week. Crude oil remains in a secondary (intermediate-term) 3-wave downtrend, with last week’s low of $57.33 a test [...]

Crude Oil: The spot-month contract closed at $62.76, up $1.10 for the week. Crude oil remains in a secondary (intermediate-term) 3-wave downtrend, with the recent minor (short-term) rally looking to [...]

Crude Oil: The spot-month contract closed at $61.94, down $1.36 for the week. Crude oil remains in a secondary (intermediate-term) downtrend, with last week’s low of $60.95 a test of [...]

Crude Oil: The spot-month contract closed at $63.30, down $0.70 for the week. The market posted a bearish engulfing pattern on its weekly candlestick chart indicating its secondary (intermediate-term) trend [...]

Crude Oil: The spot-month contract closed at $64.00, up $0.11 for the week. The market’s secondary (intermediate-term) uptrend has been nearly straight up since the low of $42.26 the week [...]

Crude Oil: The spot-month contract closed at $63.89, up $0.81 for the week. While the market still looks to be in a secondary (intermediate-term) uptrend, last week’s close back below [...]

Crude Oil: The spot-month contract closed at $63.08, up $2.94 for the week. The spot-month contract extended the market’s secondary (intermediate-term) uptrend last week to a new high of $63.34. [...]

Crude Oil: The spot-month contract closed at $60.14, up $1.10 for the week. The spot-month contract extended the market’s secondary (intermediate-term) uptrend last week to a new high of $60.73. [...]

Crude Oil: The spot-month contract closed at $59.04, up $0.52 for the week. The spot-month contract extended the market’s secondary (intermediate-term) uptrend last week to a new high of $60.39. [...]

Crude Oil: The spot-month contract closed at $58.52, up $2.45 for the week. Despite weekly stochastics being above 90%, indicating a sharply overbought situation, the spot-month contract continues to extend [...]

Crude Oil: The spot-month contract closed at $56.07, up $0.27 for the week. Crude oil was interesting again last week, initially following up the bearish reversal from the previous week [...]

Crude Oil: The spot-month contract closed at $55.80, down $1.45 for the week. While crude oil remains in a secondary (intermediate-term) 5-wave uptrend, last week saw the spot-month contract post [...]

Crude Oil: The spot-month contract closed at $57.26, up $1.67 for the week. Crude oil extended its secondary (intermediate-term) 5-wave uptrend last week, posting a new high of $57.81. Next [...]

Crude Oil: The spot-month contract closed at $55.59, up $2.87 for the week. Crude oil remains in a secondary (intermediate-term) 5-wave uptrend with the spot-month contract posting a bullish outside [...]

Crude Oil: The March contract closed at $52.72, down $2.54 for the week. Despite the lower weekly close crude oil remains in a secondary (intermediate-term) 5-wave uptrend. However, the last [...]

Crude Oil: The March contract closed at $55.26, up $1.57 for the week. Crude oil remains in a secondary (intermediate-term) uptrend with the spot-month contract posting a bullish outside trading [...]

Crude Oil: The March contract closed at $53.69, down $0.11 for the week. Crude oil continues to slowly extend Wave 1 of its secondary (intermediate-term) uptrend, posting a high last [...]