Indian Rupee extends losing streak for the third consecutive day, hits weakest level since mid-March against the US Dollar. Israel–Iran conflict enters seventh day, US…
Potential signal: I’d be a buyer of crude oil only. On a move above $74, I would have a stop loss at $72.25, with a…
The crude oil market gapped lower during the Tuesday open, as we continue to see a lot of noisy behavior out there, as traders are…
The Canadian Dollar (CAD) retains a firm undertone against a generally softer US Dollar (USD). The CAD’s performance since the outbreak of Israel/Iran hostilities last…
West Texas Intermediate (WTI) is heading lower on Monday after a nearly 6% rally on Friday. The Israel-Iran conflict places the Strait of Hormuz at…
As you can see, Friday was a very explosive day, and you would expect that as Israel has launched military operations against Iran. This had…
The Light Sweet Crude Oil market has shown itself to be a bit noisy, after initially gapping higher at the Thursday open. Ultimately, this is…
The Chinese customs authority published data on crude Oil imports in May at the start of the week. Imports fell to a 4-month low of…
US-China trade talks continue in London, lifting WTI prices above $64.00 on improved demand outlook. The US NFIB Index for May shows improved Business Optimism,…
WTI is holding above $64.00/barrel on Monday, a seven-week high. Crude Oil markets are betting that summer travel and easing US-China trade tensions will bolster…