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57.2100 2.13 (3.87%)
19:36:48 (GMT)
Bid 57.1900
Ask 57.2300
Open 55.0800
High 57.2800
Low 54.4100
 

Daily Technical Analysis

Light Sweet Crude The light sweet crude markets rose during the course of the session on Thursday, but found enough resistance at the $58 level again to turn things back around and form a shooting star. The shooting star courses...
Support for the EUR/USD continued to erode on Thursday, one day after the latest Fed monetary policy statement announcement. The U.S. Dollar gained ground against the Euro after Federal Reserve Chairman Janet Yellen on Wednesday essentially ruled out an interest...
Light Sweet Crude The light sweet crude market rose during the course of the day on Wednesday, breaking above the $57 level. That being the case, looks like we have plenty of support below, and the $54 level below should...
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Weekly Technical Analysis

Light Sweet Crude The light sweet crude market fell hard during the course of the week, as we close to below the $60 level. At this point in time, it’s very difficult to imagine what this market is ready to...
Light Sweet Crude The light sweet crude market had a very volatile week, as we basically ended up unchanged. However, that does not mean that we did not have a massive amount of movement. In fact, we tested as high...
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Daily Fundamental Analysis

Analysis and Recommendations: Crude Oil recovered just over $1.00 as traders bought up the cheap commodity. Crude is exchanging at 55.40 and Brent Oil at 60.36. The oil price plunge is likely to have a significant impact on state revenues...
Analysis and Recommendations: Crude Oil gained over $1.60 to trade at 58.44 while Brent oil reached 63.05. Brent Oil recovered slightly but was little in the headlines beyond Wednesday’s EIA announcement and pledges from Saudi Arabia that it would continue...
Analysis and Recommendations: Crude Oil continues to search for a bottom hitting new lows daily. Crude fell 99 cents to trade at 55.27 while Brent Oil gave back yesterday’s gains to trade at 59.30 down 71 cents. Traders are keeping...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation:   Crude Oil continued its weekly decline...
Weekly Analysis and Recommendation:  Crude Oil tumbled 1.20 to trade...
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The EUR/USD and GBP/USD are set to finish the week on a weak note. The catalyst behind this week’s weakness was the hawkish U.S. Federal Reserve monetary policy statement. Late Wednesday, the U.S. Federal Reserve sent a strong signal to traders that it was on track to...
Crude oil reversed course and gained to trade at 54.72. Many investors are hailing this as a reverse of the downtrend, but many are saying that it is simply an adjustment for harsh declines earlier this week. Saudi Arabia continues to maintain their stance declaring that they...
Russia remains in the headlines again, but no due to President Putin’s outrageous actions or aggressive stances but the country is standing on the edge of the abyss as the worse financial crisis to hit the Eurasian country in many years unfolds.  The 8th largest economy is...