|Day's range||57.79 - 59.10|
A rogue trader working for a Singapore-based subsidiary of Japanese trading giant Mitsubishi recently booked a $320 million loss after several unauthorized derivatives trades went sour
After a wild week in oil markets sparked by an attack on a Saudi processing plant, crude prices have returned to relative stability
The S&P; 500 rallied a bit during the week but was relatively quiet as we are trying to break out to the upside. Adding more confusion to the mix is the fact that the Friday session was “quadruple witching.”
Silver markets rally during the week but pulled back a bit as well. Ultimately, this is a market that is sitting on top of a major trend line though, so it should make for an interesting trade set up.
Crude oil markets gapped higher after the Saudi drone attacks rocked the markets on Monday, but at this point it’s obvious that the negative news was overblown as it appears the production will be back to full capacity by the end of the month.
Gold markets initially fell during the week but have found a bit of support at the crucial $1500 level yet again. At this point, the question is are we going to roll over, or are we entering consolidation?
Crude oil markets continue to grind sideways as the markets have yet to fill the gap from the Monday panic. With that being the case, the market is very likely to continue going lower given enough time, but obviously there some fighting to do.
The British pound initially tried to rally but fell against the Japanese yen. The ¥135 level has caused a significant amount of resistance, and with the technical confluence in this area, it’s likely that the market will run into a significant amount of trouble.
Vicki Hollub became the CEO of Occidental Petroleum Corporation (NYSE:OXY) in 2016. This analysis aims first to...
Investing.com - Oil was headed for its biggest weekly rise since June on Friday although gains on the day were modest as traders pared bullish bets ahead of the weekend and uncertainty over the United States’ next move on Iran after the Saudi attack.
Based on the early price action and the current price at 1.1040, the direction of the EUR/USD is likely to be determined by trader reaction to the main 50% level at 1.1045 and the uptrending Gann angle at 1.1047.
U.S. crude is flat on Friday, as the sharp volatility we saw early in the week appears to be over. I am not expecting much movement in the European and North American sessions
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
Based on the early price action and the current price at $58.66, the direction of the November WTI crude oil futures contract the rest of the session on Friday is likely to be determined by trader reaction to the main 50% level at $58.91.
Investing.com -- Oil prices traded slightly higher on Friday amid ongoing concerns that there could still be a military escalation in the Persian Gulf following the attacks on Saudi oil infrastructure last weekend.
Based on the early price action and the current price at 97.745, the direction of the December U.S. Dollar Index the rest of the session on Friday is likely to be determined by trader reaction to the short-term retracement zone at 97.930 to 97.700.
Another flat day for US equities as the S&P; 500 Index closed little changed, as investors searched but failed to find a decent incentive to buy suggesting investors remain mildly disappointed by the latest round of central bank policy.
After years of lagging behind other industries, the oil and gas sector has finally embraced modern technological innovations in order to increase efficiency
The US dollar has pulled back a bit during early trading in Thursday as the 50% Fibonacci retracement level has offered a little bit of resistance against the Japanese yen. The market has been all over the place after the Fed cut, and of course the massive amount of potential geopolitical issues out there.
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