Tag - oil

Oil (WTI) favored by the bears
Oil (WTI) favored by the bears

Oil (WTI) didn’t achieve to consolidate its gains above the 200 SMA at H1 chart and around that area, it found dynamic resistance; a move that was confirmed with a double top pattern…

Oil market overview
Oil market overview

Oil prices regained their footing on Monday following substantial losses they experienced last week as an OPEC-led committee pledged to back extension of the supply cut deal and as investors favored riskier assets after the first round of the election…

Oil market overview
Oil market overview

Crude oil edged down in a subdued trading on Monday as investors are still digesting expansion of the US crude oil production…

Morning brief for April 11
Morning brief for April 11

As Steven Tyler’s (Aerosmith) “there’s something wrong with the world today; the light bulb’s getting dimmed; there’s meltdown in the sky” perfectly describes the political and economic environment in which traders have to operate nowadays…

Oil market overview
Oil market overview

Traders said prices were being supported by strong demand, and also political uncertainty following the U…

Morning brief for April 10
Morning brief for April 10

US yields moved higher on Monday as increased geopolitical risks pushed investors to favor safe-haven assets…

Morning brief for April 7
Morning brief for April 7

The yen, bonds, and gold favored havens in times of stress, strongly bid after big news of the US launching 59 missiles against Syria’s Shayrat air base in response to a deadly chemical attack in a rebel-held area on Tuesday…

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