Over the last couple of years the oil price has been the subject of much discussion and extremely negative comment in the press. The price has more than halved over the last couple of years and there were major concerns that we had seen the best of the oil rush and it was time to look towards other forms of fuel as well as green technology. As ever, so-called “experts” have called the end of oil far too early and just lately there have been signs that the price of oil could be moving into a critical area – on the upside. Chart patterns After the emergence of what is termed a “golden cross” by chart experts, a situation where the short term average price moves above the long-term average price, it seems that the price of oil could be hitting a critical point. The price has been trading in a relatively narrow range for some time now and while the emergence of the “golden cross” chart pattern is seen by many as extremely positive, it could just as easy go the other way and be seen as extremely negative. Read full article here
Hello, I think Crude oil, commonly known as petroleum, is a liquid found within the Earth and compression of organic materials over a long period of time. Thank you
It is tricky when looking at oil. Will the switch to alternative power (which will push the oil price down) be quicker than the reduction in oil reserves (which will push the oil price up). All down to the supply and demand seesaw - tricky, very tricky.
Energy traders will compare the crude inventory number to expectations along with past levels to gain insight into the future moves of the price of oil. As inventories increase over time, it is a sign that production outstrips demand, which should lead to lower energy prices.
Crudeoil technical pattern is showing crude can show Huge downfall in upcoming months. Correction upto 55$ is possible. Gold is looking good buy near 1300$ short-term.
Oil could be an interesting play on weakness - surely it is dependant on worldwide economic growth? Personally I am not convinced we will see significant growth in 2018 with inflation a potential issue as well as the gradual increase in worldwide interest rates and the cost of personal and business finance.
Today I have taken a sell call in crude oil at 4011 and exited from the call 2:20 pm at 3987 Total Profit: 24
It looks to me as though problems in the waters around Iran are only going to get worse in the short term. Whether the oil price factors in these issues is a different matter.
