Category: Crude Oil

Crude Oil … Due for a Bounce

Crude Oil futures (symbol: CL) are due for a bounce. All petroleum markets are in deeply oversold condition. We’re targeting the $64-75/bbl range. The aggressive selling in Crude Oil during the second half of 2014 is part of the final

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Lithium: The Key Ingredient Powering Today’s Technology

Presented by The Visual Capitalist and Dajin Resources Corp. Courtesy of: Visual Capitalist

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US Dollar Index … Approaching A Crossroad

We seldom comment on the US Dollar Index (symbol: DX), however we do track the index closely to understand the potential influence on US Dollar denominated commodity prices. The US Dollar Index is approaching a crossroad in the $89.71 to $92.41 range. These levels

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Crude Oil … No Longer Range Bound!

Crude Oil futures (symbol: CL) have broken out of the $75-115/bbl trading range initiated back in Oct10. The daily lows of 13 and 14Nov14 broke below the very significant support level at $74.95/bbl. Our previous post of 16Oct14, Crude Oil …

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Crude Oil … Testing $75-80 Zone

Crude Oil futures (symbol: CL) have traded in the $75-115/bbl range since Oct10. Recent price action is aggressively heading for a test of the $75-80/bbl major support level, a very significant band of support. We continue to believe crude oil is in

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