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  1. Crude Oil Price Forecast: How a WTI Bounce Could Travel Fast

    by , 06-29-2017 at 02:18 PM
    Inventories did see a bump higher, but the jump was +0.1% while Cushing, Oklahoma inventories (the largest delivery stock in the US) fell for the sixth straight week. A cause of concern that was raised on Wednesday was a Dallas Fed Survey showing Oil executives expect supply to remain abundant relative to demand until H2 2018.

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    There are two developments in the oil market that you should consider that could precede an aggressive move higher ...
  2. Crude Oil Price Forecast: WBounces From Danger Zone

    by , 06-28-2017 at 12:53 PM
    Crude Oil price rose for the fourth consecutive day on Tuesday that provides hope that we could see a long overdue mean-reversion move. The fourth consecutive daily rise in price would be the first in a month, and traders will look to inventory data on Wednesday from the EIA for validation that draws are persisting despite the rise in supply. On Friday, traders were met with the 23rd week of an increase in activated oil rigs in the US per Baker Hughes International, but the sellers did not control ...
  3. AUD/USD Aims for 77 Cents

    by , 06-26-2017 at 11:13 AM
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    For those intraday traders, we can pinpoint the pattern a little further. A shorter term key level to watch for is the June 13 low of .7524. Holding above this low keeps new highs towards .7640 vulnerable. A break below this level puts bulls on ice while support may form above .7329.

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  4. EUR/JPY Technical Analysis - longer-term bullish formation

    by , 06-01-2017 at 05:55 PM
    The net of the past three weeks of price action in EUR/JPY has been a rather chaotic range near the top of a well-developed bullish move. So, while near-term price action has taken on a bearish tonality, the longer-term formation here is still bullish in nature. Nonetheless, price action remains very close to the top of that longer-term bullish formation, and traders may want to look for a deeper retracement before adding bullish exposure with longer-term time horizons. There are two potential zones ...
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