Home » Trading Crude » What Did Oil Trade At Yesterday?

What Did Oil Trade At Yesterday?

Crude Oil Prices - Daily Oil Chart 17th September 2009

Crude Oil Prices - Daily Oil Chart 17th September 2009

Crude oil prices continued to trade higher with a bullish tone on the daily oil chart, ending the oil trading session with a wide spread up bar which confirmed the positive sentiment in the oil market once again, and confirmed the view that Friday’s sharp sell off in the crude oil market, was nothing more than a nervous reaction to fundamental news in other related markets. With crude oil now trading well above all three moving averages and with the 9 day moving average crossing above the 14 day, this now confirms the bullish view and with oil trading higher in today’s trading session, the oil market is now looking set to trade above $75 per barrel in the short term and on towards $80 per barrel in the medium term.

Trading oil futures is difficult at the best of times which is why it is so important to use an oil broker who can offer the widest possible oil market experience, tight spreads and low margins.  In addition the best oil brokers will also offer an outstanding trading platform such as the metatrader4, one of the most respected and trusted retail platforms.  For more information and to download an online oil trading account click any of the highlighted links.   Moreover, if you want a daily technical analysis for the WTI oil contract just visit our sister site daily oil prices –  Good luck and good trading.