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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 incomplete corrective phase from 60.9...
The trend for the S&P 500 is still systematically and objectively positive, Macro Risk Advisors Chief Technical Analyst John Kolovos told viewers of Real Vision's Trade Ideas. Despite Monday's pullback roiling the markets, Kolovos said: "We need to view it within the context of wh...
The first few days of August have been bloody and ugly for oil investors. Due to fears centered around a slowing global economy caused by the Trump Administration's trade war against China, oil prices have tanked and with that drop we have seen many of the oil and gas companies come crashing d...
The price of crude oil fell to the $50 per barrel level on the nearby NYMEX September futures contract last week. The price of Brent October futures moved below the $60 level to around $55 per barrel at the lows. As the oil ministers of OPEC prepared to meet in early July, many of the member...
As a follow-up to my warnings last month prior to the recent correction (" US Stock Market Showing Tech-Bubble Divergence " and " Is a Bad Moon Rising for the Stock Market? "), several areas are at make-or-break inflection points that we are watching closely for signs of a bottom in the overal...
"Growing evidence of an economic slowdown" has caused global oil demand to grow at its slowest pace since the financial crisis, according to the International Energy Agency. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x ...
August didn't start well for the West African crude oil producer. Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), one of the country's main trade unions, came close to industrial action last week over a staffing dispute with Chevron (CVX). NUPENG had accused the US oil major of d...
Saudi Arabia has reportedly phoned other oil producers to discuss possible policy responses following crude's 4.7% plunge on Wednesday to seven-month lows. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil...
The U.S. Oil Rig Count most recently peaked at 888 in this cycle for the week ending November 16, 2018. Since then, it has dropped to 770 in the week ending August 2nd. Much has been made of the fact that the rig count is dropping in terms of U.S. crude production levelling off. However, the...
By Owain Johnson At a Glance The world's most-watched commodities typically move in tandem, but global economic concerns and trade tensions have changed the dynamic. Gold prices have risen as investors look for safer assets, while U.S. oil production has made the commodity less sensi...
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WALNUT CREEK, Calif. , Nov. 20, 2019 /PRNewswire/ -- United States Commodity Funds LLC (the "Company"), a sponsor of exchange-traded products, plans to close and liquidate two of its exchange-traded products. On November 20, 2019 , the Board of Directors of the Company authori...
WALNUT CREEK, Calif. , Aug. 6, 2019 /PRNewswire/ -- USCF today announced that it has joined the Raymond James IAD ETF No-Transaction-Fee (NTF) platform providing access to all thirteen of their exchange-traded funds and products. "We are excited to expand our suite of fun...