Introduction Crude oil has moved back above the $100 level, but the market is still struggling to fully break away from the consolidation range that has developed over the past several weeks. Now though, it does look like the bulls are gaining an edge over the bears even during this consolidation phase. With that said Read More…
Introduction Crude oil has started to cool off after the sharp rally that pushed prices back above $100. In the previous analysis, the focus was on whether buyers could reclaim control after the strong rebound from support. They did, at least temporarily, but the market is now running into the same problem that has capped Read More…
Oil prices plunged on Wednesday after reports that the US and Iran were nearing a deal to end the war. Meanwhile, market participants are eagerly awaiting the US nonfarm payrolls report to see the impact of higher oil prices on the labor market. Tensions in the Middle East have escalated since last week. On Monday, Read More…
Introduction After holding the $88–90 support zone and working higher over the past couple of weeks, price has now pushed back toward the $102–105 resistance area, which has already rejected price once before. So structurally, not much has changed at the highest level. This is still a market trading inside a defined range. What has Read More…
Oil prices jumped by over 6% on Wednesday after Trump said the US would maintain its blockade on the Strait of Hormuz. Tensions between the US and Iran have remained high since last week. Uncertainty about the future, stalled negotiations, and the ongoing disruptions to oil supply have all pushed prices higher. Brent Crude rally Read More…
Introduction When traders look at a funded trader program, most of the attention usually goes to the profit target, trailing drawdown, or payout structure. But an often overlooked element is the consistency requirement. This is another aspect that makes OneUp Trader the better-funded trader program choice because it is far easier to pass, and in Read More…
