This may be a bit of a controversial post, but if you choose not to go down the rabbit hole, you can at least check out my two technical ideas.
Oil is a trade we have been long since the break above $44.00. Our target was the major resistance/flip zone around $66.00 which we hit to the T:
Once price hits our major flip zone, we should expect a possibility of a...
The Canadian dollar has reversed directions on Thursday. Currently, USD/CAD is trading at 1.2577, up 0.13% on the day.
Since the start of 2021, the Canadian dollar is up about one percent against its US cousin, but there are signs that the currency may have touched bottom.
The province of Ontario, the largest in Canada, is expected to announce an expansion of...
We've all heard about the big ass ship stuck in Egypt's Suez Canal last week. On Tuesday morning (3/23) the 'Ever-Given' vessel, leased by Taiwanese Company EVERGREEN; was caught up in a 'Darude-like' sandstorm causing over 10 billion in damages so far and unforetold shipping delays.
The Suez accounts for 30% of imports coming into Europe from Asia. There are...
The current situation with Oil and the Suez Canal reminds me of an incident in Edwin Lefèvre's "Reminiscences of a Stock Operator"...
1917:
"There wasn't anything to do except to wait for the market to open the next day. I recall that at Gridley's that night one of the greatest captains of industry in the country was offering to sell any amount of United States...
