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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, barring failure of 49.31s as support. This expectation did p...
Oil futures (NYSEARCA: USO ) ended an up week on a downbeat note, pressured by a reported rift in the oil production alliance between Saudi Arabia and Russia, alongside renewed concerns about the potential toll of the coronavirus on energy demand. More news on: The United States Oil ETF,...
The coronavirus is yet to be contained and its impact on the global economy not fully understood. Cases in South Korea, Iran and largely-spared Beijing have been reported. Supply chains are disrupted unevenly among firms. Oil demand is reduced. The Fed is "actively monitoring the situation and...
The count of active drilling rigs in the U.S. rises by 1 to 791 after staying unchanged for three consecutive weeks, Baker Hughes reports in its latest weekly survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ET...
The Saudis' Pyrrhic Victory Over US Shale China's Coronavirus (Covid-19) presents OPEC+ with its biggest challenge when they convene during the first week of March. The crisis has widened political ruptures between the OPEC+ heavyweights Saudi Arabia and Russia. In 4-5 February 2020 the OP...
Welcome to the not much left edition of Oil Markets Daily! Over the coming months, the story that US oil production growth is set to decelerate materially will become mainstream. We are already seeing it in the real-time data with US oil production now falling to ~12.6 mb/d, but this will ...
It is hard to find value in the stock market these days. Over recent weeks, stocks like Tesla and Shopify have taken off like rocket ships out of Elon Musk's creative laboratory to the upside. All of the leading indices have moved to record levels. While the spread of the Coronavirus weighed o...
The energy sector ( XLE -1.6% ) is today's weakest performer - again - widening its Q1 loss so far to 11.3% vs. a 4.2% quarter-to-date gain in the S&P 500, as " risk aversion has returned to the markets ." More news on: Energy Select Sector SPDR ETF, Baker Hughes Company, Schlumberge...
With 2020 now comfortably underway and a new deal to be adhered to by OPEC and its non-OPEC allies, things are going to be interesting for the global oil market. In its latest report , OPEC provided market participants/watchers with a glimpse into how the first month of this year looked from ...
We took a brief hiatus from our weekly series Open Insights to update our oil thesis, but we’re now back to looking at the EIA’s Weekly Petroleum Status Report (“WPSR”). This is for the week of February 7, 2020. EIA reported a crude build of 7.5M barrels, about do...
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2024-06-16 21:40:00 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...
2024-05-06 16:26:00 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...
2024-02-27 10:10:00 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...