Crude Oil testing the “good times” trendline (Sep. 16, 2022)

Since Crude Oil went negative in April 2020, it has been in a strong upmove leading it past $100/bbl. However, the recent downtrend is now threatening the trendline that connects important lows on the daily. (see chart) – (Petros Steriotis, thetradingstrategist.com) Disclaimer> This post is informational only. This post is not a trading or investment […]

The Crude Oil drama (Sep. 8, 2022)

Crude Oil’s fresh 8-month low made the market hang on a questionable uptrend line from 2 years ago. Disclaimer> This post is informational only. It is not trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk decisions which you and only you are responsible for!

Crude Oil’s long story short (Sep. 1, 2022)

Leaving aside the 2020 negative futures prices (yes, they turned temporarily negative in April 2020!!!), Crude Oil is approaching a long-term uptrend line. Just for your information, as always. Disclaimer> This post is informational only. It is not trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your […]