Gasoline seems to be topping out. I was surprised that it exceeded the previous high actually.Moomentum is slowing down, MACD and RSI showing divgernces with the price.Expect price to retrace down by about 61% of the up move.Target = 2.11

BRENT looks good for a Buy for few days. As it is quite oversold and overstretched from its 200 period moving average. Im Long on brent. Open at 65. Target  = 68 Once it reaches resistance a round 67.5/68  will be Short on Brent again.

Crude and Gasoline is quite overstretched from its 200 period moving average on hourly. I would expect a pull back close to the 200 period moving avreage. Coupled with a reverse wedge pattern AND strong divergences forming, Gasoline looks like it could head back up to 2.14 before continuing its medium term move down. Short term psition: LONG...

An excellent drop in BRENT last night on the back of Iran nuclear deal news from russia has helped brent back to support trend line. Daily chart shows divergence, so this should break this trendline and head towards 64

Crude Oil has been moving sideways since June (around 6 weeks now), progressively moving in a narrowing trading range. To be honest I didn’t quite expect this, and I did have 2 Options straddle positions that expired worthless, since we didn’t get a large enough move in either direction.   However I think we have reached a ‘b...

Regrettably, the technical divergence witnessed recently on WTI totally failed. Oil is simply too strong, with world economies opening up. Couple of days ago I had this chart with my observations noted: It seems quite clear that price is heading to $43 at least, possibly $48, where it should meet its ema(200).   My view on the m...