by Kimble Charting Is the stage set for Crude Oil to experience a decline of at least 50%? Possible This chart looks at Crude Oil on a monthly basis over the past 20-years. Crude oil created a Triple top over a 2-year period …
by Kimble Charting The 4-month rally has been broad-based, with other risk-on assets like crude oil rallying in stride. This isn’t a surprise, as crude oil will often perform in line when the economy is on track. Currently, the correlation between stocks and …
by Kimble Charting Crude Oil and the S&P 500 peaked last fall together and bottomed at the same time in December. Could they both be peaking together again this week? Joe Friday suggests keeping a close eye on the Crude Oil pattern this week. …
By Haley Zaremba When it comes to its strategic petroleum reserves–and most other things, for that matter–China keeps its cards close to the vest. While tight-lipped government agencies have not and likely will not release detailed data about their strategic …
By Irina Slav Crude oil prices brushed off the Energy Information Administration inventory report today, which saw a 7-million-barrel build in crude oil inventories for the week to April 5. The authority also reported a reduction in gasoline inventories a day after …
by Kimble Charting Crude Oil, Stocks, and Yields have experienced a high degree of correlation over the past few months. All three peaked together near the end of September and all three bottomed together near Christmas. This month a big divergence is …
by howmuch Crude oil is a fossil fuel derived from marine plants and animals that died millions of years ago, before the dinosaurs. In its liquid form, crude oil can be found underground in reservoirs, sedimentary rocks, and tar sands. Crude …
By Irina Slav More than eight million barrels of Venezuelan crude oil is sitting in tankers as U.S. sanctions are preventing the country from selling the commodity worth about half a billion dollars, Bloomberg reports, adding this is happening amid dwindling …
Crude oil is one of the world’s most demanded commodities and its price fluctuations make it very attractive to traders. With a strong trading plan and strategy, investing in crude oil can bring you huge profits. Find out more below …
By Irina Slav Venezuela will continue trading with the United States despite the fact Washington broke off diplomatic relations following president Nicolas Maduro’s inauguration for a second term in office, which the U.S. and a host of other countries decried …
by Tom McClellan If you want to know what long term bond yields are going to do, you don’t need some fancy econometric model that incorporates GDP growth, unemployment rates, factory utilization, and all of the many other data series that …
By Nick Cunningham “The outlook for the global economy in 2019 has darkened.” That conclusion came from a new report from the World Bank, citing a variety of data, including softening international trade and investment, ongoing trade tensions, and financial turmoil in emerging …
With Mattis gone, the Middle East’s oil landscape uncertain, says John Kilduff from CNBC. Oil prices fall in line with another decline across global stock markets on concern about a U.S. government shutdown and a worsening world economy. US …
by Jesse Colombo Crude oil’s plunge continued on Tuesday due to fears of a growing glut and economic slowdown. West Texas Intermediate crude oil fell 7.3% to $46.24 a barrel, while Brent crude oil fell 5.6% to $56.26 a barrel. …
by Kimble Charting Crude Oil is tanking of late as it breaks 3-year rising support! Where does long-term support come into play? This chart looks at Crude Oil over the past 35-years. Crude has spent the majority of the past three decades …
US crude #oil inventory report was quite bearish, with biggest weekly stockpile increase since early 2017@EIAgov @Investingcom @SoberLook pic.twitter.com/T8TShDeJSs — Liz Ann Sonders (@LizAnnSonders) November 17, 2018 Home builders dropping prices #JohnBurnsRealEstateConsulting @SoberLook pic.twitter.com/HTxyS1vyHX — Liz Ann Sonders (@LizAnnSonders) November …
Authored by Haley Zaremba via Oilprice.com, Canadian oil producers are in an increasingly tough predicament. With high and increasing oil demand around the globe over the last year, Canadian oil production has increased accordingly. All of this is simple and …
by Chris Kimble CLICK ON CHART TO ENLARGE Joe Friday suggested that Crude Oil could be peaking in the chart above first shared on 5/25/18, as Crude was testing its 50% retracement level at (2). Weakness in Crude of late has …
It's official! Crude #oil is now in a bear market and it took just over one month to get there. pic.twitter.com/cR37lJTcUP — jeroen blokland (@jsblokland) November 8, 2018 Besides today, there were 5 times in the history of WTI futures …
by Jesse Colombo West Texas Intermediate (WTI) crude oil is down approximately 20% since the start of October, putting it into bear market territory. Crude oil’s rout is due largely to reduction of the severity of the sanctions placed by the U.S. …
https://twitter.com/OccupyWisdom/status/1059860505723056128 WTI Crude Enters Bear Market – Plunges To 7-Month Lows WTI Crude futures are down 20% from their early October highs, with the front-month contract back to a $61 handle at its lowest level since April. As more details emerged …
No recovery for the oil industry in Alberta. By Nick Cunningham, Oilprice.com Oil prices in Canada plunged late last month, with the losses continuing throughout much of October. Canadian oil producers exposed to the low prices are now fetching around $40 …
Those who understand it, understand it. https://www.statista.com/statistics/271823/daily-global-crude-oil-demand-since-2006/#0 https://twitter.com/ektrit/status/1027104732282859520
by Chris Vermeulen of The Technical Traders Crude Oil has been a major play for some traders over the past few months. With price, rotation ranges near $5~$7 and upside pressure driving a price assent from below $45 to nearly $75 peaks. This …
via spglobal: Singapore — The pace of growth in China’s crude imports may slow in H2 as a cocktail of lower runs at independent refiners, potential delays in the start up of some refineries and higher inventories curb the appetite for cargoes …
U.S. Treasury Secretary Steve Mnuchin said some oil buyers could get waivers to continue buying Iranian supplies despite American sanctions on the Middle Eastern country. Concerns about the aggressive U.S. policy to remove Iranian barrels from the market have raised …
by Chris Vermeulen of The Technical Traders Our research team has identified a potential major price rotation setup in Crude Oil that may be one of the biggest opportunities for traders in a long while. Traders need to be aware of this potential …
by Tom McClellan 10 years ago in June 2008, oil prices were making a top above $140/barrel, which turned out to be an exhaustive blowoff top. A steep collapse ensued, taking oil prices down to below $40 in January 2009. Crude …
by Chris Kimble CLICK ON CHART TO ENLARGE This chart looks at Crude Oil on a monthly basis over the past 15-years. Crude experienced a large decline (75%+) from the highs in 2011 to the lows in 2016. We applied Fibonacci to …
