Crude Oil Down in Holiday Trade

Crude Oil Down in Holiday Trade

Crude Oil (WTI) – $73.92 // $0.68 // 0.91% Commentary: Crude oil is currently down after falling on Friday despite a better-than-expected U.S. nonfarm payrolls report and rallying equity markets. Surging U.S. inventories continue to put pressure on the commodity, which typically rallies strongly on global growth optimism. It is worth repeating that inventories in […] [...more]

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Crude Attempts to Confirm Reversal

Crude Attempts to Confirm Reversal

Technical traders will note that Thursday’s close for US-based crude officially pushed the lower boundary of a three-month rising trend channel. If this were to occur when the general activity level of the market were higher, earlier in the week or amid a thicket of scheduled event risk; there would almost certainly be a speculative […] [...more]

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