Introduction Crude Oil Futures (CL) have been trading in a steady downtrend since October 2023 with small bounces here and there. Now Crude oil has tested the multi year support level at $68 per barrel. The probabilities align with the bulls being stronger at this point as the support level has successfully held over eight Read More…
Crude oil prices remained steady on Thursday as US inventory and geopolitical worries were offset by rising Asian demand. Brent crude futures lost 11 cents, while WTI May contracts lost 12 cents. Asia’s crude oil demand, which was previously sour, is now set to recover as refiners resume operations after the maintenance. Moreover, Exxon Mobil Read More…
Introduction Meet Moulay L., a funded trader from Groton, Connecticut, who successfully withdrew $10,000 across 2 accounts in just 5 days through the OneUp Trader funded program! At 55 years old, Moulay uses market profile analysis to make impressive withdrawals from the OneUp Trader funded trader program. Let’s dive into his trading strategy, key statistics, Read More…
Oil prices pulled back on Thursday as global growth concerns dimmed the outlook for oil demand. Prices gained around 2% in the previous session due to a smaller-than-expected increase in US crude inventories. At the same time, downbeat US inflation figures increased Fed rate cut expectations, supporting oil. In recent weeks, tariff uncertainty has driven Read More…
Technical Analysis – March 12, 2025 Crude oil futures (CL) have been on a steady downtrend, recently testing a major yearly support zone near $65-$67. Buyers are attempting to defend this level. Could this be the start of a reversal, or is there more downside ahead? Let’s analyze the chart. Price Action & Key Levels Read More…
Oil prices steadied on Thursday after reaching fresh lows in the previous session due to demand worries. Data revealed an unexpected increase in crude inventories. At the same time, trade wars ignited by Trump’s tariffs dimmed the outlook for the global economy. On supply, traders worried about oversupply with OPEC+ increasing output starting in April. Read More…
