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WTI crude slipped below the $20 a barrel for the first time in a move that has been more sustainable than we have seen previously, after the IEA said that the global oil demand will slump 9% this year, meanwhile the oil storage will be full by mid-2020...
Global risk appetite deteriorates as ugly economic data added to weak bank earnings confirm that a sizeable recession is knocking on the door...
Pivot (invalidation): 19.75 Our preference Long positions above 19.75 with targets at 20.90 & 21.45 in extension. Alternative scenario...
Pivot (invalidation): 15.5300 Our preference Short positions below 15.5300 with targets at 15.2500 & 15.1100 in extension...
Pivot (invalidation): 1728.00 Our preference Short positions below 1728.00 with targets at 1706.00 & 1696.00 in extension. Alternative scenario...
Pivot (invalidation): 2849.00 Our preference Short positions below 2849.00 with targets at 2720.00 & 2643.00 in extension...
Pivot (invalidation): 10585.00 Our preference Short positions below 10585.00 with targets at 10100.00 & 9930.00 in extension. Alternative scenario...
Pivot (invalidation): 6.8700 Our preference Long positions above 6.8700 with targets at 6.9240 & 6.9500 in extension. Alternative scenario...
Pivot (invalidation): 0.6320 Our preference Short positions below 0.6320 with targets at 0.6255 & 0.6230 in extension...
Pivot (invalidation): 1.4080 Our preference Long positions above 1.4080 with targets at 1.4135 & 1.4175 in extension...
Pivot (invalidation): 0.9650 Our preference Long positions above 0.9650 with targets at 0.9700 & 0.9720 in extension. Alternative scenario...
Pivot (invalidation): 107.50 Our preference Long positions above 107.50 with targets at 108.15 & 108.35 in extension. Alternative scenario...
Pivot (invalidation): 1.2520 Our preference Short positions below 1.2520 with targets at 1.2435 & 1.2400 in extension...
Pivot (invalidation): 1.0910 Our preference Short positions below 1.0910 with targets at 1.0855 & 1.0840 in extension. Alternative scenario...
The weekly right side is up with a bullish sequence against the .6920 lows from 7/17/2015. The daily right side is up with a bullish sequence against the .8272 lows from 12/13/19. The 4 hour right side is up with a bullish sequence against .8561. While above there the pair can see a turn higher...
What attracts you to participate in the market, wants to try it or want to make a lot of money and fast. Individual brokers who have poured in oil and the fire that your desire to get rich quickly ignited. You rushed into the market with almost no defenses, no plans, no calculation...
Saudi Arabia's oil company, Saudi Aramco, has denied media reports that some of its customers have been offered deferrals in oil payments. This was reported on the company's website. Why the deal of oil exporters did not increase prices...
Gold futures fell during US trading on Wednesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in June traded at $ 1,747.10 per troy ounce, down 1.23% at the time of writing...
The structural liquidity surplus in the banking system of Russia in March decreased by 1.5 trillion rubles to 2.3 trillion rubles due to an increase in the volume of cash in circulation and the budget, the CBR said...
