Week Beginning 08/11/10Value $86.90Despite the analysis made last week proving to be entirely correct, it came as a little bit of a surprise that the market move that was expected came about so quickly. The news announcement concerning the quantitati… more »

Week Beginning 25/10/10Value $81.70There was very little change in the assets value from last weeks close to this weeks. However the daily closing prices show quite clearly that there is still significant volatility in the market.The resistance lev… more »

Week Beginning 18/10/10Value $81.30As expected the price of oil underwent a period of consolidation this week with the assets closing value marginally below the previous weeks level. This has allowed the RSI Index (Figure 1) to move out of over bough… more »

Week Beginning 11/10/10Value $82.70The oil price failed to move much higher this week, however it did move marginally higher than the recent market market high in August. It now remains to be seen as to whether the assets price can move any higher.… more »

 Week Beginning 04/10/10Value $81.60The price of oil managed a moderate rally at the end of last week such that the immediate concern of a substantial drop in price appears to have been averted provided the increase in the assets value is sustainab… more »

Week Beginning 01/11/10Value $81.40The price of oil has been in a catatonic state for virtually the whole of the last month with intraday volatility decreasing as well. The price has been fluctuating, but it is currently compressing heavily under the… more »

 Week Beginning 27/09/10Value $76.50Yet again the price of Oil's volatility remained uncharacteristically low this week as market participants wait to see which way the assets price will eventually move.As discussed in previous weeks analyses, th… more »

 Week Beginning 20/09/10Value $73.66The price of Oil did indeed start the week moving higher as suggested by last weeks late bullish move. Importantly however the market could not push through the previously mentioned Fibonacci resistance levels an… more »

Week Beginning 13/09/10Value $76.45The price of oil drifted gently down for the majority of the week as had been expected. However on Friday, news releases gave the bulls the excuse they had been looking for to drive the price up again.The price of oil i… more »

 Week Beginning 07/09/2010 Value $74.60 Despite a sharp fall on Wednesday the price of oil ended the week only slightly down on the previous weeks close. There appears to be a support level between $71 and $72 below which the bulls appear unw… more »