oil futures Articles
Crude Oil Forming Bearish Wedge Targeting 34.40
Oil has been sold down quite hard from August highs giving back 17% in 13 trading days. Wedge patterns are generally a sign of trend continuation when broken to the downside, and when found within bearish oil trend momentum, can become a potent pattern for lower lows. Key Points:…
Are Oil Companies A Force For Good or Ill?
Recognising the uses of Oil The reality is that oil is used for many day-to-day products outside of the typical gasoline/fuel resource, playing a key role in cosmetics, plastics, candle wax and rubber products. Oil companies therefore play a pivotal role in the upstream, midstream and downstream processes that enable…