Crude oil: In recent weeks large speculators have been buying oil contracts at an extremely aggressive pace, bringing the net-long position to a new record last week of 596k contracts from 417k in the middle of last month. A modest reduction was seen in the most recent report, with the net-long declining by over 19k to 577k contracts. The sheer size of the position is reason for concern for oil bulls, and the sharp run-up in a relatively ...
The price is located near 200-day SMA (200 SMA) and below 100-day SMA (100 SMA) on the border between the primary bullish and the ranging bearish trend on the chart within the following narrow support/resistance levels: 44.89 resistance level located near and above 200 SMA on the beginning of the bullish area of the chart, and42.49 support level located below 200 SMA and above 100 SMA in the beginning of the ranging bearish area. ...
Market Morning Briefing STOCKS In the last 12 hours, every market has been affected by the sudden event risk emerging out of a Malaysian passenger plane getting shot and destroyed over the Ukraine-Russia border. This tragedy has increased the geopolitical risk a lot with new equations of war cropping up with the presence of American passengers on that plane. Today is the important session for all the major markets to see if the follow-up selling appears or not. ...
Recent Comments