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49.9800 -0.95 (-1.87%)
17:09:51 (GMT)
Bid 49.9600
Ask 50.0000
Open 50.9300
High 51.2100
Low 49.6900
 

Daily Technical Analysis

Light Sweet Crude The light sweet crude market tried to rally initially during the session on Thursday, but pullback in order to form a bit of a shooting star at the $52 level. Because of this, we feel that the...
The EUR/USD is trading better in reaction to positive comments from European Central Bank President Mario Draghi. He helped turn the market higher after early session weakness drove the Forex pair into a multi-year low. The rebound rally was triggered...
Light Sweet Crude The light sweet crude markets did very little during the session on Thursday, as we continue to meander just above the $50 level. Because of this, the market really isn’t one that we want to be involved...
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Weekly Technical Analysis

Light Sweet Crude The light sweet crude market fell during the course of the week, testing the $48 level. That being the case, we bounced enough to form a bit of a hammer. This hammer of course suggests that the...
Light Sweet Crude The light sweet crude markets initially tried to rally during the course of the week, but for the third week in a row ran into trouble at the $54 level. The market fell from there and when...
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Daily Fundamental Analysis

Analysis and Recommendations: Crude Oil reversed gains falling almost 40 points to trade at 50.39 giving gains in the Asian session while Brent Oil moved up 28 cents to trade at 60.73. After failing to settle above a resistance at...
Analysis and Recommendations: Crude Oil added 80 cents to trade at 52.33 while Brent Oil kept pace with Crude adding 85 cents to reach 61.40. Traders are focused on events in Libya which might be forced to exit markets as...
Analysis and Recommendations: Crude Oil drifted upwards to trade at 50.76 adding 23 cents while Brent Oil drifted downwards to trade at 60.72 easing by 30 cents.  Oil-market participants remain divided on whether the latest rally in prices, especially for...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation:   Crude Oil closed the week at...
Weekly Analysis and Recommendation:  Crude Oil closed the week at...
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Today’s U.S. Non-Farm Payrolls report showed the economy added 295,000 new jobs in February. Traders had priced in a 241,000 increase in new jobs. The unemployment rate fell to 5.5 percent, while hourly wages ticked up 0.1. Many traders believe the 5.5 percent unemployment rate will influence...
Iran's foreign minister on Thursday suggested that a 10-year moratorium on some aspects of the country's nuclear program might be acceptable to Tehran, though he declined to discuss the issue in detail. CNN's Christiane Amanpour asked Iranian Foreign Minister Mohammad Javad Zarif in an interview if Tehran...
The release of the Federal Reserve Beige Book on Wednesday evening specifically made mention of the problems falling oil price are having on the economy.  The plunge in oil prices is taking its toll in the oil patch. Demand for oil services and equipment fell sharply in...