The Kingdom of Saudi Arabia (KSA) wants oil prices to head back to $100. And there are a couple of ways of achieving this ambitious goal. more...
"One key data marker is March retail sales early Wednesday. So far this year, this benchmark has delivered mixed results, but traditional brick and mortar stocks have done well. In February, retail sales fell 0.1%.""There’s also the Producer Price Index on Wednesday morning, and the Consumer Price Index on Thursday. Both PPI and CPI fell in February, but core CPI, which excludes volatile food and energy components, rose in both January and ...
1. Low oil prices are a transfer of wealth 2. U.S. consumers will benefit 3. The crash in oil is due to speculation and deregulation 4. The end of austerity in the U.S. 5. The budget deficit is set to grow 6. U.S. household debt service is at historic low 7. Housing starts still below average 8. Stocks are cheap – S&P 500 forward P/E is below average 9. China isn’t as important as people think ...
"While inventories were lower when the Energy Information Administration released its weekly Petroleum Status Report Jan. 6, prices continued to drop for the week, indicating that investors are not likely to see improvement in oil price levels for at least the first half of 2016." Weekly price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition. Fibo support level at 30.39 is going to be broken by the price from above to below for the ...