Forex Trader

I wrote about crude oil last time on June 16. when the price were at $39.00 per barrel. As I sow a potential small range in price, I didn’t sow a meaning to write about it. Simply, there was no clear technical signs of any larger movement up or down. No matter how the US Crude Oil Inventories was almost

The crude oil has stuck in a small range for a couple of weeks, but especially in the last 8-9 days. As the Crude oil invetories shows no clear signs in June, same as in May, it’s impossible to predict the possible move based on that data, but the price is still in the hands of the bulls. I wrote

Crude Oil is on the 6 day winning streak, reaching $24.44 for now as today’s highest level. After the slam of bellow zero, when the price reached a historical low of minus $37.00 per barel (May contract), the Oil has recovered and returned to decent and normal levels. As I wrote allready, my broker VantageFX has decided to made an

Five hours before a collapse with WTI Crude Oil May futures I wrote an article in which I have warned about a strange development with Oil prices. In that moment, the WTI Crude Oil (May contract) were at aprox $16.00 and 5 hours latter the price fell for 330% to minus $37.00. A historical moment that’s for sure, as the

If you are an amateur retail trader you’ve probably don’t know what in the hell is  happening with Oil prices recently (I am not talking about the fall) and that’s not strange. We experienced traders are also confused, searching for the proper explanations. To be honest, I found a couple of good ones, but I can honestly say that I

crude oil inventory build reached 19.248 million vs 12.7 million estimate. It was the largest weekly build on record. The private API data showed a build of 13.143M barrels gasoline inventories showed a build of 4.914M distillates showed a build of 6.28M Cushing OK crude oil build 5.724M vs 6.417M last week Gasoline demand remains depressed at 5836.4 (vs 5834.0) Crude oil demand 15.320M vs

Crude prices jumped today after President Trump said he expected Saudi Arabia and Russia would agree to new oil-production cuts. CNBC’s Joe Kernan says he just received a call from the President and he told him that he expects the Saudis and Russians to announce a production cut of 10-15 million barrels per day. That would be around half of