USDCAD in neutral area ahead of oil inventory data
Between 100 and 200 hour MAs The USDCAD fell back below its 100 hour MA in the early NY session (blue line) but that break was short lived, and the… Read more »
Tag: oil
Oil gains remain capped by key resistance levels as OPEC+ kicks the can down the road
No OPEC+ decision on production cuts extension until June ForexLive Hopeful optimism and greater drawdowns in inventories have helped to keep oil prices underpinned so far this year, but is… Read more »
Crude oil futures settle at $59.03
Down -$0.06 or -0.10% The price of crude oil futures is settling at $58.97, down -$0.03. or 0.1%. The high for the day moved up to $59.57. The low was… Read more »
WTI Crude Oil and Natural Gas Forecast
WTI Crude Oil The WTI Crude Oil market rallied significantly during the trading session on Monday to kick off the week, breaking above the 200 day EMA. That’s a very… Read more »
Crude Oil Price Recovery May Be Running Out of Steam
CRUDE OIL & GOLD TALKING POINTS: Crude oil price chart still warning of ebbing upside momentum EIA inventory flow data on tap, baseline envisions modest build Gold prices may struggle… Read more »
WTI crude oil futures settle at $59.09
Rises by $0.57 or 0.97% The price of crude oil is ending the session up $0.57 or 0.97% at $59.09. The high reached $59.23. The low extended to $58.05. Technically,… Read more »
Bitcoin Cash Grows as Major Oil Futures Show Mixed Movements
Monday, March 18 — most of the top 20 cryptocurrencies are reporting slight to noteworthy losses on the day by press time. Bitcoin is down just over one tenth of… Read more »
WTI Crude Oil and Natural Gas Forecast
WTI Crude Oil The WTI Crude Oil market went back and forth during the trading session in rather volatile trading on Friday. This is a market that continues to see… Read more »
Russia’s Novak says country has begun cutting oil output as part of OPEC+ deal
Rounding up some of the weekend items, this on oil from Russian Energy Minister Alexander Novak. Russia has started to cut production of oil by 140K bpd part of the OPEC+… Read more »
Crude Oil Price Outlook Clouded by OPEC Meeting, Fed Rate Decision
Oil Fundamental Forecast: Neutral Crude oil gained at the expense of USD, bolstered by weekly EIA inventory drawdown Fundamental picture remains clouded with concerns about weakness in global demand Fed… Read more »