oil

  1. GazFx

    U.S. Crude Oil

    U.S. Crude Oil: In this weeks iTrade Weekly report I said: "The daily and H1 trend is down, but H4 remains up at close of trade this week. But H4 looks set to trigger a sell signal, and when it does, all three time frames will be confluent and pointing downwards." The H4 chart did, indeed...
  2. Kelly Yeung

    The Fed’s decision is about to be cautious, and the price of gold retreats below the threshold, and oil prices remain stable for the time being

    In the past weekend, new cases in a single day in some countries hit a new high, and the global increase in new crown cases hit the largest in two months, which should bring different guidelines for gold trading and crude oil. Gold prices can get part of the hedging support, but fuel demand may...
  3. syamfx2020

    US Oil (WTI) key levels

    US Oil WTI prices slightly retreat from the daily highs. On the downside, any meaningful pullback now seems to find some support near the 72.40/10 area, below which the slide could further get extended towards the 71.80/30 regions.
  4. fullertonmarkets

    Oil Supply & Risk Sentiment Suggest More Upside for Dollar

    There is more upside for the dollar in the near term as the OPEC+ agreement, to increase oil supplies, weigh on energy companies in Asia and add to the negative tone from last week’s equities close. There is also a gloomy outlook for growth as global virus cases spike again. The dollar is...
  5. Kelly Yeung

    Crude Oil Trading: 4 Advantages & 6 Reasons to Start Trading Crude Oil CFDs Now!

    Crude oil trading provides excellent opportunities for profit in most markets due to its importance and unique position in the global economy and political systems. Additionally, the energy sector has witnessed sharp fluctuations in the past, ensuring solid trends that can generate stable...
  6. syamfx2020

    US oil trades above $70 mark: Can the rally last?

    US oil price benchmark West Texas Intermediate (WTI) gained more than 6% since the start of June and reached the highest level since 2018. Read my detailed fundamental and technical analysis of WTI here - https://gulfbrokers.com/en/us-oil-trades-above-70-mark-can-the-rally-last
  7. The Oil & Gas Trader

    Why I only trade oil and gas

    I find oil and gas trading easier and less stressful than Forex, and a lot less frustrating than trying to trade manipulated Gold and Silver markets. From a fundamentals point of view, data is readily available, and narrow in nature. What I mean by this is best explained with a couple of...
  8. The Oil & Gas Trader

    Why I only trade oil and gas

    I find oil and gas trading easier and less stressful than Forex, and a lot less frustrating than trying to trade manipulated Gold and Silver markets. From a fundamentals point of view, data is readily available, and narrow in nature. What I mean by this is best explained with a couple of...
  9. FXP_2020

    Suez Canal Blockage Pushing Oil Higher

    Another legendary meme was created last week when Egyptian authorities released an image of the 400-meter container ship blocking the Suez Canal and being dug out by what seemed to be a miniature excavator. The humongous vessel has been stuck since Tuesday, blocking one of the most important...
  10. syamfx2020

    Crude oil prices skyrockets 5% boosted by OPEC deal

    "It is a great New Year present for the whole oil industry," Russian Deputy Prime Minister Alexander Novak said on the second day of 13th OPEC and non-OPEC Ministerial meeting. Crude oil price climbed to 11-month highs boosted by the compromise deal between the Organization of Petroleum...
  11. syamfx2020

    Development of the Oil market from pandemic’s lows

    Recently, crude oil prices enjoyed 4 consecutive week rally after upbeat vaccine news. The rally also supported by the Biden’s victory in the hopes that he will soon announce a large fiscal stimulus package that could support demand for oil. Development of the Oil market (Jan 20 – March 20)...
  12. syamfx2020

    Stocks and Metals pause the rally ahead of US election

    With less than two months to go to voting day for the US presidential election held on 3 November 2020 and the race between Donald Trump and Democrat leader Joe Biden tightening, financial markets are starting to get the jitters. During the last week, Federal Reserve finished the September...
  13. syamfx2020

    DAILY MARKET REPORT - Monday, Aug 17, 2020

    Crude oil price trading steady on Monday ahead of OPEC meeting later this week. The Joint Ministerial Monitoring Committee (JMCC), which is co-chaired by Saudi Arabia and Russia, is set to meet on Aug. 19 to assess compliance with quotas and recommend any adjustments to the cuts if needed. In...
  14. syamfx2020

    Weekly Economic and Earnings Calendar 27/07/2020 – 31/07/2020

    Important economic releases this week: FOMC meeting, US and Eurozone Q2 GDP and Oil inventories. Earnings to watch - Apple, Amazon, Facebook, Boeing, Google, Starbucks, Visa and Mcdonald's.
  15. syamfx2020

    DAILY MARKET REPORT - Friday, July 10, 2020

    Crude Oil price struggles to find an upside direction as the oversupply concerns increase after data from both the EIA and API showed a surprise build in US crude inventories last week. According to the EIA Petroleum Status Report, US crude oil stocks rose by 5.654 million barrels in the week...
  16. syamfx2020

    DAILY MARKET REPORT - Wednesday, July 08, 2020 - Gold price climbed above $1,800, the first time since 2011

    ech Gold price climbed above $1,800 an ounce during the European session, the first time since 2011. The overall momentum remained bullish throughout this week as investors turned to safe-haven assets amid a spike in coronavirus cases in several countries across the globe. EQUITIES US futures...
  17. syamfx2020

    Oil prices slide as OPEC meeting concluded with mixed outcomes

    During the weekend, the 179th meeting of the OPEC was held via e-conferencing on Saturday, 6th of June, 2020, under the leadership of its president, Mohamed Arkab, Minister of Energy in Algeria. The OPEC led by Saudi Arabia and other key oil producers has agreed to extend the 9.7 mbpd deal to...
  18. syamfx2020

    Crude oil prices surge to 2-month high; What causes the oil price recovery?

    commo Oil prices may have stabilized after plunging in response to the coronavirus and the price has surged more than 80% this month as demand returned following the easing of lockdown restrictions in some countries. Demand and supply fundamentals are getting better which is helping the oil...
  19. A

    CmC Markets - question regarding WTI-Cash (West Texas Oil contract)

    i found a WTI-Cash contract on cmc markets broker, also trading around $11.09, live chat with them but after more than an hour, the representative did not reply, i assumed he ignored my question, so i have no choice but create a thread here. Nymex Dec 2020 contract price is around $34, while...
  20. Deltoid88

    Tickmill SCAM! Offers invalid WTI price in close only mode, wrong price execution for all bigger trades

    I am going to describe 2 problems I ran into with Tickmill. My trading account # 3033967. First and main problem is fake and imaginary WTI CFD price they offer in the moment. Their price currently is at 9.43$ for barrel, while true WTI CFD price is 26$ for barrel, it can be checked with any...
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