WTI Oil Technical: Potential bullish reversal “Descending Wedge” in play

Posted by Kelvin Jul 21, 2023 Share 0

Major downtrend phase from the 7 March 2022 swing high has evolved into a potential bullish reve...

Brent Crude – Oil trading choppy but holding onto recent gains

Posted by Craig Jul 20, 2023 Share 0

Better inflation outlook helps to lift oil prices China stimulus could boost demand further ...

Brent Crude – Oil edging higher again after recent positive developments

Posted by Craig Jul 19, 2023 Share 0

Oil turns higher after brief pullback EIA reports small draw of 0.7 million 200DMA could p...

Gold rises post ECB’s Klot comment and Canadian CPI report

Posted by Ed Jul 18, 2023 Share 0

ECB's Knot (hawk) noted that for July I think it is a necessity, for anything beyond July it wo...

Brent Crude – Chinese data and resumed Libyan output weigh on oil

Posted by Craig Jul 17, 2023 Share 0

Chinese growth underwhelms Libya resumes production after brief outage Key technical suppo...

Oil tentatively lower on disappointing Chinese data

Posted by Ed Jul 17, 2023 Share 0

Goldman Sachs eyes a significant crude deficit in the second half of the year Markets price i...

Brent Crude – Incredible gains and major resistance level overcome

Posted by Craig Jul 14, 2023 Share 0

Output cuts and inflation data continue to boost crude prices Temporary disruptions could add...

Brent Crude – Is the oil rally starting to stall around $80?

Posted by Craig Jul 13, 2023 Share 0

US inflation data takes Brent above $80 Chinese trade data disappoints again Momentum appe...

Brent Crude – Trying to break $80 after the US inflation report

Posted by Craig Jul 12, 2023 Share 0

The prospect of a soft landing lifts oil prices Rally builds on efforts by Russia and Saudi A...

Stocks gain ahead of June CPI report

Posted by Ed Jul 11, 2023 Share 0

US June CPI M/M: 0.3%e v 0.1% prior; Y/Y: 3.1%e v 4.0% prior; Core CPI (ex food and energy)M/M: ...

Brent Crude – Oil steadies after hitting one-month high

Posted by Craig Jul 11, 2023 Share 0

Brent hits one-month high Saudi and Russian cuts supporting recent moves Major barriers of...

Oil weakens on weaker global growth outlook, Gold and Bitcoin unfazed

Posted by Ed Jul 10, 2023 Share 0

Commodities get little support from a weaker dollar Demand destruction likely to force Saudis...

Oil breaks higher, gold choppy after nonfarm payrolls

Posted by Craig Jul 10, 2023 Share 0

Oil finally breaks higher and with decent momentum Another strong showing on Friday saw oil prices ...

Oil prices climb, gold eyes nonfarm payrolls

Posted by Craig Jul 7, 2023 Share 0

Oil continues higher despite setbacks this week Could we finally be about to see a breakout in oil ...

Oil prices in retreat, gold vulnerable after ADP report

Posted by Craig Jul 6, 2023 Share 0

Despite positive momentum, oil falls short once more Oil prices are retreating in risk-averse trade...

Oil higher on falling stockpiles and Gold catches a safe-haven bid, Bitcoin awaits ETF ruling

Posted by Ed Jul 6, 2023 Share 0

EIA Crude Oil Inventory Report expected at 11am EST. **Note API reported 4.4million draw last ni...

Podcast – Rough Waters Ahead in H2

Posted by Ed Jul 5, 2023 Share 0

OANDA Senior Market Analyst Ed Moya joins Jonny Hart and Trader Nick to analyze the RBA rate decisio...

Oil remains range-bound, gold ticks lower ahead of Fed

Posted by Craig Jul 5, 2023 Share 0

Can oil break above its two-month range after Saudi and Russian cuts? Oil prices are higher again t...

Oil rebounds, gold edges higher

Posted by Craig Jul 4, 2023 Share 0

Oil quickly loses momentum despite output curbs Oil prices are rising again today after giving back...

Oil rises on Saudi on Russian cuts, gold moves higher

Posted by Craig Jul 3, 2023 Share 0

Saudi and Russian cuts no game-changer for oil Oil prices were rising for a fourth session, with ou...