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Crude Oil WTI Technical Analysis: Triangle compression can drive WTI to $67.70 a barrel

Crude oil bull trend has been in consolidation mode since July, 3.  Crude oil is forming a triangle compression pattern with the 100-period simple moving average crossing above the 200-period simple moving average suggesting a bullish bias. Targets are located near 67.16 and 67.72 levels.   A sustained bear breakout below 64.60 could negate the […]

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Week Ahead: Bullish Stocks Likely To Slow, Oil To Rise, Euro To Fall

Despite geopolitics US shares rise on earnings and the economy However, failing to challenge records on the heels of robust revenues suggests a slowdown Dow forms new peak, extends uptrend since April lows WTI finds support at uptrend line since November We’ve been speculating that this strong earnings season would help buoy indices to new […]

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United States CFTC Oil NC net positions fell from previous 608.9K to 573.4K

NEWS | 5 minutes ago By FXStreet Team Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own […]

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‘More volatility’ expected as Iran sanctions set to prompt wild swings in oil prices, Vopak CEO says

A shipping revolution and a U.S. plan to impose targeted crude sanctions against Iran is likely to prompt wild swings in the oil price over the coming months, Vopak’s chief executive told CNBC on Friday. Energy market participants are currently seen weighing bullish factors that include potential supply disruptions to Iranian crude exports against more […]

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Crude Oil, Gold Prices Edge Up as Market Turmoil Cools. Now What?

CRUDE OIL & GOLD TALKING POINTS: Crude oil, gold prices rise in tandem amid risk appetite recovery API bulletin, UofM gauge of US consumer confidence due ahead Stray headline flow might disrupt otherwise consolidative trading Commodity prices corrected broadly higher amid a recovery in risk appetite, as expected. Crude oil and gold prices rose in […]