The parabolic curve on the CL chart continues to act as support. A Potential inverse Head & Shoulders formation on the 4-Hourly time frame. Point of control volume profile acting as resistance. Daily Chart Recap From last week’s multiple tests of the parabolic curve, CL is repeating the same tests once more, with the price Read More…
Crude oil is one of the most popular commodities in the world. Most of the world’s crude oil is produced in the Middle East and Russia. The most important by-products are gasoline, diesel, and jet fuel. Common uses for crude oil include plastics, clothing, furniture, and food. There are different types of Crude oil futures. Read More…
Crude oil is a “spiky” commodity. Now and then, someone will truly require it, today, and can pay a high price for immediacy. The industry for oil in Cushing, Oklahoma may be moderately effective, but what occurs when somebody in Peoria requires oil now? A good business potential! Instead of managing a hotel, you construct Read More…
