GfK consumer sentiment indicator rose to -25 in August from a three-month low of -30 in July biggest rise since April still under the survey’s average reading, since 1974, of -10 but a long way GfK comment: “While the financial pulse of the nation is still weak, these signs of optimism are welcome during this
WTI crude oil daily chart Oil will be an interesting spot to watch as it fights for a sixth straight week of gains. It’s currently trading at $83.69, which is up 80 cents but more importantly is above the April high of $83.53. A close above that level The driver at the moment appears to
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices have rallied over 17 percent since bottoming Retail traders now majority short for the first time since April This hints at an increasingly bullish contrarian conviction Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Crude Oil Sentiment Outlook –
Share: WTI jumped above $80.00 for the first time since mid-April. Tighter global supply and Chinese stimulus support the rise in Oil prices. Hawkish bets on the Fed may limit the price’s momentum. On Thursday, the West Texas Intermediate (WTI) rose more than 1% to its highest level since mid-April, above $80.00. Investors
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