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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 higher. This expectation played out, albeit modestly, as price disco...
US President Donald Trump and top White House officials dismissed concerns that US economic growth may be faltering, yet we still see a bearish forward view on the market from OPEC and the International Energy Agency. Brent crude edged closer to the $60 (SR2225) barrier over the course of ...
It is so easy to buy highs and sell lows in markets across all asset classes. After all, markets look great when prices are moving higher and terrible during selloffs. Everyone loves a bull market, and most people want to bail out at the first sign of trouble. Blow off tops and bottoms in mark...
If you've been watching the crude markets this week, it's been pretty volatile with the front month contract moving within a $5 per barrel range. On Friday, President Trump and China progressed the trade war hostilities resulting in an immediate sell-off in crude oil. If you can take a step ba...
Crude oil futures settled lower but off their worst levels of the day, as U.S. WTI ended -2.1% to $54.17/bbl with Brent -1% to $59.34/bbl, after China said it would impose tariffs on $75B worth of additional U.S. products including crude imports. More news on: The United States Oil ...
The spring and summer seasons are the time of the year when drivers in the United States put the most mileage on their automobiles. The peak season for gasoline tends to run from May through September each year, because of the weather and vacations. In the futures market, the price of gasoline...
Going long on energy stocks is a unique way to hedge against the broader market if you think a correction or recession is on the way, DataTrek Research co-founder Nick Colas told viewers of Real Vision’s Trade Ideas. As recently as five years ago, energy stocks were 10% of the ...
Welcome to the tighter is better edition of Oil Markets Daily! As we've highlighted in the past, one of the many consequences of much tighter US crude storage fundamentals going forward will be first reflected in physical spreads and different crude qualities. With Alberta announcing a p...
I have written about crude oil a number of times here on Seeking Alpha and provided our overall price level targets. We like crude oil for a host of reasons, but likely the three major reasons are that it adheres very nicely to Elliott Wave patterns, hits and respects the Fibonnaci levels wi...
Investment thesis Since our last take on the Invesco DB Oil ETF ( DBO ), our constructive view has not materialized, as increasing geopolitical tensions in the Middle East were offset by mounting trade tensions between China and the U.S. In this context and given the risk-off environme...
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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...