[ad_1] Market Recap of clients are net long. of clients are net short. Change in Longs Shorts OI Daily 0% -5% -2% Weekly 39% -21% 5% Wall Street managed to stabilise overnight from its recent sell-off, despite another climb in Treasury yields and a pull-ahead in the US dollar (+0.4%). The US 10-year yields were
[ad_1] Share: Oil prices are currently up by more than 25% this quarter. Economists at ING expect Brent to break above $100 in the near term. However, they do not believe such a move will be sustainable. Oil price rally likely to continue, but not sustainable in the longer run We expect Oil
[ad_1] WTI, Brent Crude Oil Analysis Brent crude attempts test of $100 – inventories at reduced levels and demand remains strong WTI crude oil reveals slight pullback from the intra-day high but trend very much intact The analysis in this article makes use of chart patterns and key support and resistance levels. For more information
[ad_1] OIL PRICE FORECAST: Most Read: What is OPEC and What is Their Role in Global Markets? Oil prices continued their advance this morning helped by a weaker USD. The surge in US inventories seems to be overshadowed by growing concerns around tighter supply for the remainder of 2023. Tips and Tricks to Trading Oil
[ad_1] Oil (Brent Crude, WTI) News and Analysis OPEC maintains 2023/24 oil demand growth and economic growth forecasts Brent crude oil receives lift after the news but reenters oversold territory WTI oil attempts to push higher – US EIA short-term Energy Outlook due later The analysis in this article makes use of chart patterns and
[ad_1] Brent weekly It’s been a strong run for brent crude after slowly forming a bottom from March through June. A 73-cent gain today caps off the 10th rally in 11 days and the best levels since November. It’s also the first close above $90 on a weekly basis in 10 months. There’s already chatter
[ad_1] Market Recap The US jobs data release last Friday continues to reflect signs of softening in the US labour market, which seems to be in line with what the Federal Reserve (Fed) wants to see. Job additions were somewhat lukewarm despite being slightly higher than consensus (187,000 versus 170,000 forecast), while unemployment rate jumped
[ad_1] Market Recap Recommended by Jun Rong Yeap Get Your Free Equities Forecast Wall Street headed higher for the fourth straight day, but this time with more measured gains as some reservations kicked in ahead of the US core Personal Consumption Expenditures (PCE) data release later today. Current consensus are for a stronger growth in
[ad_1] OIL PRICE FORECAST: Most Read: What is OPEC and What is Their Role in Global Markets? Oil prices continued their advance this morning helped by geopolitical fears and depleting inventories. A slightly stronger dollar this morning also failed to arrest the rise in Oil prices ahead of a slew of US data. Recommended by
[ad_1] Barclays lowered its Brent oil price forecast for this year to $84 per barrel down by $3 from its previous forecast its Q4 estimate of $92 a barrel Brent remained unchanged Barclays expects a deficit of 670,000 barrels per day (bpd) on the oil market this year, and a 250,000 bpd deficit next year
