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FTSE and crude oil analysis: Will rebound in oil finally lift UK index?
Can rebounding oil prices fuel rally in energy stocks like BP and Shell? FTSE technical analysis hints at potential recovery for UK index. Meanwhile, Brent crude oil rises above 200-day average ahead of OPEC meeting.
Crude Oil Analysis: WTI, Brent Bounce, OPEC+ Uncertainty Remains
The tail risks of a failure for OPEC+ to reach an agreement is on the rise, presenting an underappreciated potential for even more volatility in the crude oil market...
Crude oil analysis: WTI off lows as focus turns to OPEC+ meeting
Crude oil analysis: Investors await OPEC+ meeting on Nov 30. We expect rollover of Saudi and Russia cuts, which could help to support prices. WTI needs an interim higher high above $77.60-$78.50 to signal trend reversal after intense selling over the past several weeks.
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Crude oil, GBP/USD analysis: OPEC delays meeting as US data lifts dollar
What does the OPEC+ delaying meeting means for oil prices? And GBP/USD is in focus as pound drops after autumn statement. But was that because of the overall recovery in US dollar, following the release of mostly stronger data?
Crude Oil Analysis: WTI, Brent Gain Ground Ahead of OPEC+
Both WTI and Brent crude oil could rally further from here after breaking out of their bearish channels...
AUD/USD, Crude Oil: Cyclicals swoon as global economic concerns intensify
While AUD/USD and WTI are two separate assets, their underwhelming performance recently is undeniably linked: global economic growth concerns are intensifying.
Crude oil looks heavy despite the rollicking risk rally in Asia
It’s noticeable how liquid cyclical assets have not been able to extend the rally sparked by the soft US CPI report for October, including crude oil which is struggling to muster a bid.
WTI analysis: Crude oil bounces off key support
Crude oil prices started the week on the backfoot before turning positive at the time of writing. The recovery comes after prices started to stabilise at the end of last week, following a sharp 3-week decline despite Israel’s increased military operation in Gaza. Have oil prices finally bottomed?
Crude Oil Analysis: WTI and Brent Dump to Multi-Month Lows
The bullish supply-demand picture from the third quarter has reversed, driving crude oil prices sharply lower so far this week
Nasdaq 100, WTI crude oil: Divergence beckons as lead economic indicators roll over
It feels like we’ve reached the part of the economic cycle where the pain sets in. For the Nasdaq and crude oil, such a scenario points to the likelihood of divergent performance over the medium-term.
Crude oil outlook remains positive despite drop
Crude oil prices have fallen back at the start of the new week, with Brent shedding over 3% and WTI losing 2.3% at the time of writing. In other words, oil prices haven’t moved further higher despite Israel’s increased military operation in Gaza. But prices could easily bounce back as I will discuss in this article.
Crude oil outlook remains bullish despite recent weakness
Crude oil outlook boosted above all by OPEC+ supply cuts/ Supply fears re Middle East could intensify again. Oil prices are demand inelastic, which means downside should be limited from fears about weakening global economy.
Crude oil, USD/CNH, EUR/USD outlook in focus - Technical Tuesday
Welcome to another edition of Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we will get technical on crude oil, USD/CNH, EUR/USD and bond yields.
Crude oil outlook: WTI could rise further as traders eye MidEast situation
Following the 5% rise on Friday, crude oil prices gave back some of those gains on Monday. However, this could be a temporary respite before oil prices rise again.
Crude oil, gold surge as geopolitical risk premium priced in
Crude oil and gold prices have spiked in response to renewed conflict in the Middle East, helping to partially reverse ugly declines recorded last week.
WTI analysis: Crude oil in spotlight – Technical Tuesday
Investors’ focus will remain on oil prices after their recent sharp gains amid the ongoing supply cuts by the OPEC and allies, and in light of today’s bullish reversal. Owing to concerns over a crude supply deficit, there is a good chance we could see oil prices climb above $100 and thus stoke inflationary worries further.
Crude oil: WTI correction a healthy development for longevity of the bullish trend
The pullback in crude oil could be deemed a healthy development, correcting an unsustainable, one-sided trade which left the contract overbought and over-loved.
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Oil prices flirt with $100 handle
WTI crude has risen to $91.65 per barrel (bbl) at time of writing, with a $93.44 high Brent crude oil has risen to $94.58 per barrel (bbl) at time of writing, with a $95.66 high The US dollar index has risen to 105.2 with strong momentum
Crude oil: risk-laden week and bullish sentiment pose a threat to fresh longs
A decent pullback in crude oil is not a stretch given how lopsided near-term sentiment and positioning appears to be.
Crude oil looking good as fundamentals, technicalsalign
Crude oil looks set to resume its battle with sellers parked around the $84 per barrel level.
AUD/USD, NZD/USD and WTI outlook - Technical Tuesday
Welcome to Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we are getting technical on the AUD/USD and NZD/USD, as well as WTI crude oil, as traders await key data in the second half of the week.
Crude oil outlook: WTI could be heading to $80
The momentum is clearly to the upside, which means the crude oil outlook is still positive. Next week's key event is likely to be the data dump from China.
Crude oil outlook: Brent jumps on Saudi, Russia voluntary cuts
Our bullish crude oil outlook has been provided a fresh impetus as we start a new quarter.