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57.3000 -0.23 (-0.40%)
20:58:59 (GMT)
Bid 57.2600
Ask 57.3400
Open 57.5300
High 57.9300
Low 56.4900
 

Daily Technical Analysis

Light Sweet Crude The light sweet Crude market went back and forth during the session on Friday, ultimately settling on a negative candle. However, looks like we could be forming a little bit of a bullish flag so that of...
Light Sweet Crude The light sweet crude market had a strong showing on Thursday, slamming into the $58 level. With this, we continue the consolidation that we’ve seen recently, and we think that the market is trying to break out...
Light Sweet Crude The light sweet crude market gapped lower at the open on Wednesday and then went back and forth all day long. By doing so, we ended up forming a fairly neutral candle, which of course is interesting...
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Weekly Technical Analysis

Light Sweet Crude The light sweet crude market had a back-and-forth type of the week, testing the $59 level above for resistance, and finding support at the $56 level below. Ultimately, we finished a fairly volatile week showing that the...
Light Sweet Crude The light sweet crude market rose during the course of the week, slamming into the $57 level. This area caused a bit of resistance, and the fact that we fell back below the $56 level tells us...
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Daily Fundamental Analysis

Analysis and Recommendations: Crude Oil diverged today falling 28 cents to 57.46 while Brent Oil  gained 45 cents to 65.30. The oil price hit yet-another 2015 high on Thursday. The front-month contract on Brent settled at $64.85/bbl. and at the...
Analysis and Recommendations: June Crude Oil futures finished lower following the release of a slightly bearish inventories report. Losses were limited because of friendly gasoline numbers. According to the U.S. Energy Information Administration, commercial inventories rose by 5.3 million barrels...
Analysis and Recommendations: Crude Oil remained steady after dipping in the Asian session as traders wait for the EIA inventory report due later today. The week API inventory printed much higher than expected sending crude oil down 26 points to...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation:   Crude Oil dipped 46 points to...
Weekly Analysis and Recommendation:   Crude Oil gave back some of...
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The EUR/USD traded higher on Friday as investors expressed optimism that the talks between Greece and Eurogroup finance ministers would result in a plan to reign in the nation’s debt problems and avoid being removed from the Euro Zone.   To some traders, this meeting represents the...
Gold is trading at 1191.80 continuing its slide in the Asian session on Friday. The precious metal fell an additional $2.50 pulling silver along with it. Silver fell to trade at 15.828 and platinum gave up $4.30 to trade at 1132.70. Gold on the COMEX bounced back...
June Crude Oil futures rallied nearly 3% on Thursday. Renewed concerns over Middle East supplies was the catalyst behind the rally. Traders are worried that the civil war activity in Yemen will escalate into areas that may have a direct effect on supply. Brent crude also rallied...