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Will EIA inventories show another massive buildup today?

Crude Oil has been bullish since the beginning of the month, but it is looking exhausted now, failing to push above the 100 SMA Full Article

2 M
Will EIA inventories show another massive buildup today?

Yesterday the private API Oil inventories showed a buildup and today's EIA's buildup was bigger, but markets are discounting Full Article

2 M
Oil and other commodities feeling better this week

The EIA inventory showed a buildup of more than 10 million barrels last week, although that didn't hurt Oil much Full Article

3 M
Oil is showing uncertainty

There have been rumours of the petrodollar being dumped when the covid pandemic started, now China is asking for Oil to be settled in yuan Full Article

3 M
Oil now very close to $70

Crude Oil jumped $3 higher yesterday on the Keystone Pipeline closure but then lost $4 as it headed ever closer to $70 Full Article

4 M
Core CPI expected to remain high at 5.3% in Europe

Today the US PPI producer inflation report will likely have a similar effect as last month, as we head into next week's FED rate decision Full Article

4 M
The retrace lower seems compete for USD/CAD on the H1 chart

USD/CAD has retraced nearly 150 pips lower as USD weakness kicks in, but it is finding support at the 100 SMA where we decided to buy Full Article

4 M
Will EIA inventories show another massive buildup today?

Crude Oil fell to a new low for 2022 as the USD pushed higher while the risk sentiment remained negative Full Article

4 M
WTI Oil still remains bearish despite the jump higher

Oil has jumped $1.5 off the lows as the comments on a reopening in China are improving the sentiment in financial markets Full Article

4 M
Will EIA inventories show another massive buildup today?

Crude Oil has been making three days of gains despite the USD being bullish this week, as US Oil inventories decline Full Article

4 M
USD/CAD making the bullish break

USD/CAD continues to remain bullish as the CAD falls despite an bullish reversal in Oil since yesterday and better Q3 GDP numbers from Canad Full Article

4 M

Yesterday crude Oil fell to $73.60 after opening with a bearish gap, but it reversed back up pretty fast Full Article

4 M
Oil is showing uncertainty

Crude Oil broke below the 100 weekly SMA last week which has opened the door for further declines in the weeks ahead Full Article

4 M
Oil is showing uncertainty

Crude Oil made a strong reversal on Monday but we're keeping a bearish bias, as the global risk sentiment remains negative Full Article

4 M
Buyers are in charge now as Oil declines

USD/CAD has been making gains since last week and the 20 SMA has turned into support on the H1 chart Full Article

4 M
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