Brent Daily technical 18/01/22 (Downside Moves Should be Considered Countertrend) 18/01/22

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Morning Oil Report 18/01/22

At 10:14 am Singapore time (0214 GMT), the ICE March Brent futures contract was up 47 cents/b (0.54%) from the previous close at $86.95/b, while the NYMEX February light sweet crude contract rose 83 cents/b (0.99%) from the Jan. 14 close at $84.65/b.   After briefly dipping into negative territory in the intra-day Asian session …

Morning Oil Report 17/01/22

At 10:50 am Singapore time (0250 GMT), the ICE March Brent futures contract was up 5 cents/b (0.06%) from the previous close at $86.11/b, while the NYMEX February light sweet crude contract rose 32 cents/b (0.38%) at $84.14/b.   Following strong gains over the last four weeks, the front month ICE Brent and NYMEX light …

Brent Mar 22 Morning Technical Comment – 60 Min (Negative Divergence Needs to be Monitored) 14/01/22

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Morning Oil Report 14/01/22

At 10:05 am Singapore time (0205 GMT), the ICE March Brent futures contract was down 31 cents/b (0.37%) from the previous close at $84.16/b, while the NYMEX February light sweet crude contract fell 44 cents/b (0.54%) at $81.68/b.   Oil prices appeared to have lost their upward momentum after gains of close to 6% earlier …