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2024-06-27T09:58:25+0100
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2024-06-27T09:58:25+0100
The Asian session was set for a mixed open, with Nikkei -0.10%, ASX -0.89% and KOSPI -0.87% at the time of writing.
2024-05-29T05:17:36+0100
Rising US employment costs elevate the dollar, amplifying expectations of prolonged high rates pre-FOMC, impacting oil market outlooks.
2024-05-01T06:32:15+0100
Soybeans price look to have resumed their long-term downtrend, which is why we would like to short these with a stop loss above the March high at 1,235, and a downside target at 1,135.
2024-04-12T00:12:25+0100
Israeli soldiers retreat from Gaza, fueling peace talk prospects and causing a dip in oil prices amidst reduced regional tensions.
2024-04-10T06:54:58+0100
This week, IG’s Chief Market Analyst, Chris Beauchamp, goes long Brent crude at $82.70, with a stop at $80.00 and a target of $87.00.
2024-03-14T05:58:22+0000
China adds further support to the ailing economy; and brent crude oil drops at prior swing low, propped up by the 200 SMA, meanwhile, WTI oil oscillates around key, long-term trend filter.
2024-02-21T03:02:16+0000
Marginal Cushing stock build could limit oil upside, IEA revises oil demand growth lower; brent crude oil flirts with the 200-day SMA and WTI testing major zone of resistance into the end of the week.
2024-02-16T04:19:56+0000
EIA storage data reveals minor drop but extends run of successive drawdowns; oil responding positively to improvements in the battered Chinese equity space (Brent crude) and WTI oil nears significant zone of resistance.
2024-02-09T04:55:41+0000