Author Archive: Jeremy Parkinson
WTI Crude Oil And Natural Gas Forecast – Tuesday, March 13
WTI Crude Oil The WTI Crude Oil market has been noisy during Monday trading, falling significantly but finding buyers later in the day. I think at this point, it looks as if the $61.50 level will continue to attract traders and is essentially the “fair value” level that we are trading at. If we can […]
USD/CAD Daily Analysis – Tuesday, March 13
USD/CAD remains in the uptrend from 1.2247, the pullback from 1.3000 is likely consolidation for the uptrend. Support is located at the bottom trend line of the price channel on the 4-hour chart. As long as the channel support holds, the uptrend could be expected to resumed, and another rise towards 1.3100 is still possible […]
Expect A Bumpy Ride In These Energy Stocks
The oil market, notwithstanding its recent rise, could be undermined by soaring U.S. production. Volume from U.S. oil fields (inclusive of shale) has risen 22% since mid-2016 to 10.3 million barrels per day – the most since the EIA started maintaining weekly data in 1983. In early February, oil production broke through the 10 million […]
EUR/USD: Uptrend Remains Intact
Previous: On Monday the 12th of March, trading on the EUR/USD pair closed slightly up. There were price fluctuations in both directions. During the European session, the euro bulls hit a high of 1.2340, after which the euro slumped to 1.2290. In terms of the intraday dynamics, these movements were similar to Friday’s. The euro recovered […]
US To Become Biggest Producer Of Oil In The World?
By next year, the US will become the world’s largest oil producer thanks to the fracking boom. Perhaps the US outdid the current Primus Russia earlier this year, said International Energy Agency (IEA) chief Fatih Birol: “The growth of US shale oil is strong and the pace is very high – the US will soon […]
BLS 95 Million Unemployed
The Bureau Labor Statistics (BLS) states clearly that 95 Million people in the US are not in the labor force! Those who are quite alarmed by this shocking number include: Chief Economist Dan North, CNBC financial reporter Rick Santelli and Peter Boockvar, Chief analyst of the Lindsey Group. Echoing these paragons of credibility is President […]
Stocks To Trade: ABBV, GS, MTG
Tuesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long AbbVie (ABBV) Long Goldman Sach (GS) Short MGIC Investments (MTG)
Gold Prices Slip In Asia Trade
Gold prices ended Monday’s session down $0.77 an ounce as investors took a cautious stance ahead of U.S. inflation data. XAU/USD initially headed lower yesterday but the anticipated support around the $1314 level pushed prices higher. The market tried to break through $1326 in early Asia trading today but a bounce in the U.S. dollar […]
Non-Economic Developments Dominate Ahead Of US CPI
The yen’s 6% gain against the dollar this year makes it the strongest of the major currencies in here in the first quarter. Investors have been given another reason not to resist the seasonal pressures that often see Japanese investors repatriate capital ahead of the end of the fiscal year later this month. Many see the eruption […]
AUD/USD Daily Analysis – Tuesday, March 13
AUD/USD extended its upside movement from 0.7712 to as high as 0.7884. The key support is located at the bullish trend line on the 4-hour chart. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 0.7930 area. Only a clear break below […]
