Page 1 of 1
WTI Oil Price
Posted: Thu Aug 14, 2014 4:43 pm
by dan_s
WTI closing below the $96 support level is a bit of a concern. It did close above the low.
This may be a reaction to "calm" in Iraq that I don,t expect to last.
Demand for crude oil is soft right now but should pick up as we approach Q4.
Re: WTI Oil Price
Posted: Thu Aug 14, 2014 4:55 pm
by dan_s
Re: WTI Oil Price
Posted: Thu Aug 14, 2014 5:44 pm
by Lemonhawk
Watched the video. He is unable to explain why the price is going down.
Re: WTI Oil Price
Posted: Thu Aug 14, 2014 6:38 pm
by Lemonhawk
Question: On EPG home page the WTI price is shown as $97.59. Is that not real time?
Re: WTI Oil Price
Posted: Thu Aug 14, 2014 7:49 pm
by setliff
see my post under picks and tips---
excess brent for a Europe going into a recession and a strong dollar, imo. we need cold winter in Europe. sanctions on Russia shoring up dollar, imo.
Re: WTI Oil Price
Posted: Thu Aug 14, 2014 9:18 pm
by dan_s
Lemonhawk: The box on the EPG homepage is the previous days closing prices for oil and gas.
Use this for current prices:
http://www.cmegroup.com/
You can also find the current price for crude oil on Yahoo Finance Home Page:
http://finance.yahoo.com/
Re: WTI Oil Price
Posted: Thu Aug 14, 2014 10:21 pm
by mikelp
There's a H&S pattern on the weekly chart for $WTIC, left shoulder- (Sep-2012 ~ $100); Head-(Sep-2013 ~ $110); rt shoulder- (Jun-2014 ~ $107); neckline from July-2012 to present. Looks like a key support level here for WTI. Those "shoulder season blues" are playing again.
http://stockcharts.com/h-sc/ui