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Elliott Wave Technical Analysis: Chevron Inc.
Article By:
Peter Mathers
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Monday, May 20, 2024 9:40 AM EDT
CVX appears to be completing a potential triangle formation in wave {iv}. Once this triangle is completed, we expect an upside resumption in wave (i) of {v}.
In this article: CVX
The Commodities Feed: Metals Surge Higher
Article By:
ING Economics
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Monday, May 20, 2024 3:23 AM EDT
It’s all fun and games in metals markets as prices for several metals surge higher. In contrast, the oil market remains rangebound, awaiting news on OPEC+ output policy for the second half of 2024.
Elliott Wave Technical Analysis: Natural Gas - Monday, May 20
Article By:
Peter Mathers
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Monday, May 20, 2024 12:00 AM EDT
Natural Gas has extended its recovery from the February 2024 low, and the commodity is now anticipated to rise further in an impulse Elliott wave pattern.
In this article: UNG
Hedge Fund Positions, The Future Through Futures, And Other Insights From CoT Report
Article By:
Paban Pandey
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Sunday, May 19, 2024 10:42 AM EDT
On Wednesday through Friday, the Russell 2000 (2096) rallied north of 2100 in each session intraday but closed the week just shy of that level. For over two months now, the small cap index has failed to decisively clear 2100, which is important.
Crude Oil Weekly Forecast: Lower Value Tested And Limited Buying Ignited
Article By:
Robert Petrucci
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Sunday, May 19, 2024 9:15 AM EDT
The price range of WTI Crude Oil was a rather polite affair for speculators this week after mid-term lows were challenged on Wednesday of this past week.
In this article: UCO
Crude Oil Market Outlook: Stability Amidst Geopolitical And Supply Dynamics
Article By:
Stephen Innes
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Saturday, May 18, 2024 10:10 PM EDT
On the geopolitical front, the risks have moderated.
WTI Pushes Into Fresh Weekly High Late Friday As Crude Oil Recovers Ground
Article By:
Joshua Gibson
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Saturday, May 18, 2024 12:13 PM EDT
WTI testing towards $80 per barrel as energy markets step higher. Risk appetite is on the rise, bolstered by rate cut hopes. Easing US inflation data and declining US Crude Oil reserves spark barrel bids.
In this article: WTII
The Strategic Petroleum Reserve Is Not Being Refilled
Article By:
Robert Rapier
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Friday, May 17, 2024 7:12 AM EDT
The SPR is maintained by the U.S. Department of Energy, and its oil stocks are stored in huge underground salt caverns at four sites along the coastline of the Gulf of Mexico.
In this article: OIL
Crude Oil Commentary - Friday, May 17
Article By:
James Harte
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Friday, May 17, 2024 5:39 AM EDT
Following the heavy sell off on May 1st, oil prices have been muted over the month so far with crude futures settling into a tight range.
WTI Extends The Rally Near $78.90, US Inflation Data Boosts Fed Rate Cut Expectations
Article By:
Lallalit Srijandorn
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Thursday, May 16, 2024 11:00 PM EDT
Western Texas Intermediate, the US crude oil benchmark, is trading around $78.90 on Friday. The black gold edges higher amid the recent drop in US crude inventories and the possible interest rate cuts by the Federal Reserve.
The Commodities Feed: US CPI Release
Article By:
ING Economics
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Wednesday, May 15, 2024 3:24 AM EDT
Oil prices have strengthened in early morning trading due to a larger-than-expected US stock draw. However, the US CPI release today will be key for price direction.
In this article: BNO
Brent Crude Oil Faces Downward Pressure Amid Demand Uncertainties
Article By:
Andrey Goilov
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Monday, May 13, 2024 7:37 AM EDT
The price of Brent crude oil is currently experiencing a downturn, trading around 82.55 USD per barrel this Monday.
Elliott Wave Technical Analysis: Natural Gas - Monday, May 13
Article By:
Peter Mathers
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Sunday, May 12, 2024 11:00 PM EDT
Natural Gas has embarked on a robust rally, surging nearly 45% since April 25, 2024, perpetuating the overarching bullish correction that commenced in January of the same year.
In this article: UNG
A Look Back At Energy Transfer
Article By:
Simon Lack
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Sunday, May 12, 2024 1:00 PM EDT
Energy Transfer is the pipeline company most often directly owned by the financial advisors we talk to. It seems perennially cheap, and that’s in part due to their controversial history of treating themselves better than their other unitholders.