Technical Analysis

Crude Oil Futures Technical Analysis – December 5, 2024

Chart OverviewCrude Oil prices are still sitting in the yearly support zone around $67-$69. The market is watching closely for a breakout above $75.30, which aligns with the descending trendline resistance. Adding bullish momentum is the recent news of U.S. crude oil stockpiles falling more than expected, sparking hopes for tighter supply and higher prices. Read More…

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Funded Traders Funded Trading Interviews Strategies Withdrawals

A Freelancer Withdraws $33K Trading Retracements

Introduction At OneUp Trader, we love celebrating the achievements of our traders. Today, we’re excited to share the story of a seasoned futures trader from Florida who has mastered the art of retracement trading with OneUp Trader’s funded program. In just 42 days, he withdrew $9,100 from his funded account, bringing his total withdrawals to Read More…

Crude Oil Futures
Fundamental Analysis

Oil Prices Hold Flat Amid US Holiday and Mixed Data

Oil prices held flat on Thursday as the US observed the Thanksgiving holiday. Moreover, US crude and gasoline inventories data in the previous session revealed a mixed picture of demand.  Data on Wednesday revealed that US gasoline inventories increased by 3.3 million barrels. Meanwhile, economists had expected a 46,000 barrel draw. At the same time, Read More…

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Crude Oil Futures
Fundamental Analysis

Oil Prices Rebound as Russia-Ukraine War Escalates Supply Concerns

Oil prices rebounded on Thursday amid supply concerns as the war between Russia and Ukraine escalated. In the previous session, oil ended down as US crude inventories came in higher than expected.  The war between Russia and Ukraine escalated on Thursday as the two countries exchanged missiles. This came after Ukraine used US missiles to Read More…