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In this article, we examine the significant weekly order flow and market structure developments driving WTI's price action. As noted in last week's WTI Weekly , the primary expectation for this week was for price discovery lower within the context of an uncomplete corrective phase from 60.9...
The crude oil futures market has been a tale of competing influences over the past few months. Steadily increasing production over recent years from the shale regions of the United States have made the nation the leading producer on the earth. The US was dependent on Middle Eastern oil for dec...
The last 24 hours has witnessed substantial volatility in shares of the United States Oil Fund ( USO ) with a price decline of 6% in a single session. In this article, I will get into the reasons for this price decline but also take a step back and give perspective on the underlying fundamen...
The USA data below was taken primarily from the EIA's Petroleum Supply Monthly while some were taken from the EIA's Monthly Energy Review . I have some bad news to report. The EIA no longer published World production data or Non-OPEC production data. This data had previously been publishe...
By Bryce Bingham In December 2018, one of the top five oil-producing countries in the world announced a headline-grabbing production cut to shore up oil prices - and it wasn't an OPEC member or Russia. Look no further than our neighbor to the north, and specifically, to the Government of A...
There has been a slew of news affecting oil markets recently. What has emerged is a perfect mix of bearish and bullish developments. As a result, prices are undergoing congestion at the moment, hovering around $56 for WTI. Oil prices will continue to fluctuate until either the bulls or the bea...
Continuing our weekly series, Open Insights, we’ll take a look at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of July 19, 2019. EIA reported a crude draw of 10.8 million barrels for the week, largely due to the impact of Hurricane Berry as it th...
In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher (following the completed initial correction from 60.94...
If one were to simply look at the price of crude oil over the last month, you’d be left with the conclusion that the market is bearish. With the outright price of WTI falling over the week and month, investors may be tempting to throw in the towel and join the bears. It is my belief t...
A Port Authority officer points at the Bavand, one of two stranded Iranian vessels, anchored at the port in Paranagua, Brazil, Thursday, July 25, 2019. ((AP)) Oil prices remain relatively stable and ended on Friday with slight losses, taking them close to where they started the week. Brent...
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2024-06-02 01:20:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-13 16:28:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-14 15:36:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...