The WTI Crude Oil market exploded to the upside as Iranian embargo restrictions are put on, and of course the inventory drawl was slightly under expected, but was still strong.
The WTI Crude Oil market went back and forth during the trading session on Monday, essentially going unchanged by the time we closed.
The WTI Crude Oil market was very noisy during the trading session on Friday, showing signs of indecision.
The WTI Crude Oil market broke down on Thursday, breaking the bottom of the shooting star from Wednesday which of course is a very technically bearish signal.
The WTI Crude Oil market gapped higher at the open on Wednesday, and then shot straight up after the inventory numbers proved that 5 million barrels have been taken out of storage for the previous week in the United States.
The WTI Crude Oil market blew the top off of the shooting star from the previous session on Tuesday, showing that the buyers are very much still in control of this market.
What initially started out as a very strong sign on Monday turned around completely.
The WTI Crude Oil market had a very rough session on Friday but ended up collecting a lot of its losses and turning things around quite nicely.
The WTI Crude Oil market broke down rather significantly during the trading session on Thursday, showing signs of extreme weakness.
The WTI Crude Oil market broke down a bit during the trading session on Wednesday, breaking the back of the shooting star from the Tuesday session.
The WTI Crude Oil market had a very volatile session during trading on Tuesday, initially breaking higher due to threats of a hurricane, but rolling over drastically as the US dollar weighed upon any rally.
In what would have been relatively thin trading on Monday, the WTI Crude Oil market initially pulled back, but found buyers underneath the $70 level in order to support the market.
The WTI Crude Oil market tried to rally during the day on Friday, but then turned around to form a bit of a shooting star.
The WTI Crude Oil market rallied again and broke above the $70 level during trading on Thursday, but the daily candle doesn’t tell the whole story.
The WTI Crude Oil market has rallied during trading on Wednesday, as crude oil inventory numbers came out much more bullish than anticipated.
The WTI Crude Oil market fell during trading on Tuesday as the $69 level looks to be a bit too resistive.
The WTI Crude Oil market had a slightly positive session during trading on Monday, in what would’ve been relatively quiet action.
The WTI Crude Oil market had a strong session on Friday, reaching towards the $69.50 level before pulling back a bit.
The WTI Crude Oil market fell right off the bat during trading on Thursday but found enough support near the $67.50 level to turn around of form a hammer.
The WTI Crude Oil market broke to the upside during the trading session on Wednesday, as the inventory number came out much more bullish than anticipated.