04-06-2024 Crude Oil Futures Short-term Update

TECHNICAL ANALYSIS (by Intraday Dynamics)  June 2024 Crude Oil Hourly H-L-C  Crude Oil has seen a sharp rise in the past two weeks, and it has carried the June (CLM24) contract to the highest level since 22 August 2022. Open interest is rising on the rally and the daily is reaching into overbought conditions with…...

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09-16-2022 Crude Oil Futures

Crude oil futures (Z22) closed fractionally higher on Friday and settled week down just under $2 for the nearby futures. The near-term technicals are neutral while the intermediate-term still lean toward a bearish posture. December futures are flagging to the side of the most recent test of intermediate-term support against the 8173/7884 area. As outlined …

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09-09-2022 Crude Oil Futures

TECHNICAL ANALYSIS Crude oil futures (DEC22) spiked higher today on the heels of Thursday’s bullish reversal and the daily now looks like a potential bear trap as Wednesday/Thursday’s trade took out both the August and July lows and carried DEC22 futures to the March lows. DEC22 Crude Oil Daily DEC22 futures have dipped into an …

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