American light oil still looks strong although there’s little momentum so far this week to the upside. This TA looks at the four-hour chart plus futures.

Oil has continued to consolidate amid relatively lower volatility this week despite weaker stock data. Tune in to today’s TA for some of the key areas on USOIL H4.

USOIL had a boost from last night’s six-month high drop in the API’s American inventories of crude. Check out today’s TA for areas of importance ahead of the EIA’s release and the NFP.

American light oil reached a three-month high last night GMT. Check out this post for some areas of importance on the daily chart of USOIL ahead of OPEC+’s meeting tomorrow.

Some positivity has returned for oil as countries gradually exit lockdowns and stocks of crude have dropped in the USA. This TA looks at the daily chart of USOIL compared with futures and the general level of contango.

Yesterday’s release from the EIA indicated the first drop in American crude stocks since January. This TA looks at possibilities for USOIL over the next few days.

USOIL’s deep upward retracement has continued this week as countries around the world continue to ease their lockdowns. Check today’s TA for some of the key areas.

Spot CFDs on crude oil appear set to retest historic lows. Today’s TA considers the charts of these as compared with futures on crude.