Headlines: - Oil prices surged during the Asian session up +1.4% despite build in API Crude data - WHO officially names disease as COVID-19 - EIA Inventories to be released during afternoon session - Asian Equities higher with Australia seeing Earning’s releases
Headlines: - Oil Futures drops as OPEC Hits Hurdle - Natural Gas prices continue to fall as NG1 Futures down -4.5% - United Nations releases numbers showing close to 700,000 people displaced in recent conflicts - US Equities finish the session higher with NASDAQ up +1.13%
Hi Traders, All detaisl like entry, stop and target recorded Enjoy and Good Luck
Gold’s recent muted performance has been owed to missing trade deal details! With the text likely to surface some time today or overnight following the official sign-off, market participants will see exactly what’s been agreed and whether this makes a good case for a buy or a sell. Oil’s decline, however, has been owed to inventories build! Will the EIA save...
In today’s marketinsights I talk about how the latest trade war and API developments affected the prices on gold and oil. Watch as I identify certain #elliottwave patterns that can’t go unmissed ahead of today’s FOMC minutes and EIA’s WTI report! XAUUSD is still expected to turn lower after the completion of this subminute correction, whereas US Oil, could...
In today’s #marketinsights video recording, I talk about #crude #oil and #gold. WTI moved higher yesterday on a surprise #API draw, whereas gold, although would be expected to move down against oil, also moved up on the back of the latest trade negotiations impasse. With the market's appetite shifting to rollbacks but not getting the response they want from the...
In today’s #marketinsights video recording I analyse #Crude #Oil and #Gold! Despite #wti should be under pressure on the last #API build, #Brexit, #US-Sino and oil field attacks by ISIS held the commodity upbeat! Meanwhile, in UK politics the "meaningful" vote took a U-turn to what I like to call "meaningless" vote as parliamentarians did indeed approve #BoJo's...
This week there was a huge surprise US oil inventory build (10 million barrels, 3 times the analyst estimate) due to US sanctions against the shipping company COSCO. However, we also got a Brexit deal today. Oil has been struggling to decide which way to move on all this news. The trend appears to be downward, but it's not confirmed until it breaks below the...
There's lots of bad news for crude oil prices right now. Yesterday, OilPrice.com reported that "the American Petroleum Institute (API) has estimated a large crude oil inventory draw of 5.92 million barrels for the week ending September 26—a surprise compared to analyst expectations of a 1.567-million-barrel build." This morning, the US Energy Information...
Today we are writing about the best deal of the second half of 2019. While many believed that this is the pound purchases (this is potentially the best deal in the foreign exchange market, but not in the financial markets as a whole), but no, the best deal is natural gas purchases. Its current price looks extremely attractive for several reasons. let's start...
Pushed by institutional inventories after a plunge from the yearly high, crude oil slightly broke upside the previous supply level @60.000. The energy security has been calmly ranging for two days while the long-institutions and short-retailer holding volumes are increasing. In another hand the daily traded volume is decreasing : We shall still experience a...
Natural gas has been selling off since the beginning of the year. With the EIA inventory cut due to the Atlantic Hurricane threat, we are likely to see a surge on prices. In fact, the energy commodity is still consolidating on a tight 0.130$ per unit range while being bullish. Possible targets: @2.500 (+40 pips or 0.04$ per m3) and @2.600 (+140 pips or 0.14$...
Oil settled at the resistance zone by testing the institutional level of @60.000. The EIA inventory report showed a massive cut of 12M barrels last week while Russia and China agreed to extend their cuts on a 9-months span. Prices remain bullish and we might expect a bullish continuation : However a strong pullback from Friday June 28th exalts us to remain...
Media reports that "bearish EIA data" is responsible for the decline in US and and UK oil. May be but whatever The way I see it is after that news, there was a short signal. I was already in, myself, and this just escalated my position. I like trading both TVC:USOIL and TVC:UKOIL Have any insights, suggestions or oil trading tips? I'd LOVE to hear them!...
Hi Guys, please note that the formation inside the circle was made right on supportive SMA. Following the pannant made on Monday and the run made this morning, price pulled back from 59,50 to return below 59 and find support on the ascending SMA at approx 58,73 and bounced to gap up right after release of API Weekly Crude Oil Stock which was supportive for bulls....
Hi Guys, the arm wrestling between Trump vs OPEC shifted in favour of Saudi Energy Minister Khalid al-Falih in mid-Week10. The barrier that Trump tried to build with his tweet has been broken and sentiment is now heavily overbought. The rally was triggered by remarks by U.S. special envoy Elliott Abrams that Washington planned “very significant” further sanctions...
Oil closed yesterday above key $50 level as the production cut seems to be real. But while Saudi Arabia claimed they are going to cut production by a significant amount, on the contrary new supply is coming and the main source is the US where the production is still at 11.7 M Barrels. Despite crude inventories dipped by 1.7M barrels, to 439.74M barrels, they...
Nat Gas - Daily RSI overbought, Weekly has some room to run. Fib levels - .382 support = $3.08, Fib .5 resistance = $3.53. EIA nat gas report thursday should determine NG direction. $HNU 2x ETF for canadians or $ugaz 3x ETF for USA