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Oil (Energy) Is More Important Than You Think

Oil (Energy) Is More Important Than You Think

Oil is the lifeblood of the industrialized nations and it has become the world’s most important source of energy. Its products underpin modern society, mainly supplying energy to power industry, heat homes and provide fuel for vehicles and airplanes to carry goods and people all over the world. Video Length: 00:13:20
Market Talk – Friday, Nov. 23

Market Talk – Friday, Nov. 23

Often, when a major economy is out markets are quiet and that is exactly what we have seen the past two days. Thanksgiving in the US and national holidays in Japan has kept global markets quiet, closing almost unchanged from midweek close. Additionally, with such uncertainty surround Trade talks and BREXIT negotiations it endorsed a […]
Persistent Weakness

Persistent Weakness

Even I am surprised (pleasantly, but surprised nonetheless) at how persistently bearish the market has been. Indeed, I’ve become quite spoiled by it. When the prospect of ANY day being a green day is at hand, I pout and fuss. It used to be just the opposite. Those rare red days would be a welcome […]
Oil Price Forecast: Bearish Momentum Lingers Despite Looming OPEC Cut

Oil Price Forecast: Bearish Momentum Lingers Despite Looming OPEC Cut

Crude slides to a fresh yearly-low ($50.64), with the spill likely to put pressure on the Organization of the Petroleum Exporting Countries (OPEC) to clamp down on production, but the current environment may keep oil prices under pressure as the Relative Strength Index (RSI) sits in oversold territory. OIL PRICE FORECAST: BEARISH MOMENTUM LINGERS DESPITE LOOMING OPEC CUT […]
“We Are Not There Yet”: Prior Bear Markets Suggest Even More Pain For Oil

“We Are Not There Yet”: Prior Bear Markets Suggest Even More Pain For Oil

Back on November 1, when WTI was trading at $65, BMO technical analyst Russ Visch forecast – correctly – that West Texas Intermediate would soon drop to $51.50. He was right, and as of this morning, WTI traded just above $50, its third 7% plunge in the past two weeks (and no, it’s not due to “negative gamma” as […]
Strong Demand For Wireless Infrastructure Makers: 5 Top Picks

Strong Demand For Wireless Infrastructure Makers: 5 Top Picks

U.S. stock markets have remained highly volatile so far this year. Lingering trade conflicts between the United States and China, an impending global economic slowdown, inflationary concerns, possibility of another rate hike by the Fed and several geopolitical issues are the primary reasons behind the market instability. However, the wireless infrastructure industry maintained its bull […]
Stocks And Precious Metals Charts – Black Friday

Stocks And Precious Metals Charts – Black Friday

Stocks were weaker led lower on energy prices. Have a pleasant weekend.
Housing Starts Grow 1.5% But Miss Estimates

Housing Starts Grow 1.5% But Miss Estimates

Housing – E-commerce Sales Growth Let’s go over e-commerce sales before getting into housing starts. Q3 e-commerce sales growth was only 3.1% on a quarter over quarter annualized basis. That fell from 3.6% in Q2. Q2’s growth rate was revised down from 3.9%. This is in tune with the October retail sales report which shows […]
USDCHF Backs Off Lower Prices On Price Correction

USDCHF Backs Off Lower Prices On Price Correction

USDCHF faces backs off lower prices on price correction. This development leaves the risk of more gain on the cards in the coming. On the downside, support lies at the 0.9950 level. A turn below there will set the stage for more decline towards the 0.9900 level. And then the 0.9850 level. On the upside, […]