Crude Oil - Buying continues in WTI Crude oil

March was a roller-coaster month for the markets. Sentiment and themes flipped repeatedly, especially with flows dominating the final days of the month as the end of quarter loomed. The British pound was the top performer of the month, while the Swiss franc and Australian dollar lagged. In the quarter, the Japanese yen led the way, while the ...

2018-04-10 Ashraf Laidi Read more

Crude Oil (WTI) seems to be running out of steam and the charts are pointing towards the possibility of bulls exhaustion signs. From a technical stand-point, WTI could be preparing for another wild swing as it is trading within the vibration levels range. Crude Oil (WTI) – 4H Chart Charting & Technicals: Harmonic AB=CD Patt...

2018-03-30 Richard Tataru Read more
Trading Oil

Frequent fluctuations in oil prices have made many people think about ways to buy and sell oil and potentially make some profit for themselves. But does that mean that you need to buy and hoard oil barrels to be able to sell them when the prices rise? Well, no, since you can be trading oil via futures trading, which allows traders to buy and sel...

2018-04-03 Orbex Read more
US Crude Stocks

Inventory Data Driving Price Crude Oil prices stabilised today as the latest data from the American Petroleum Institute showed an unexpected US crude stocks dip, with barrels in warehouses sliding by 1.05 million over the last week.  Following the recent rise in crude inventories, analysts had been forecasting another 3 million + build, so the ...

2018-03-20 James Harte Read more
Oil Technical Analysis 22-01-18

As we advised last week and as we can see from our previous chart; Crude oil managed to break above the resistance level of 62.60. Here the market may have a chance to sustain any advances made as the next resistance level lies at the 66.00-60 zone. From that zone and as long as market keeps trading below the 66.60 point, there is a chance fo...

2018-01-22 Orbex Read more
Driving Crude Oil Price

Oil prices have now broken out to levels not seen since summer 2014 and market participants are now questioning whether the move has further to go or if a correction lower is in store. So what are the forces that are driving crude oil price action?   Crude Oil Inventories Falling One of the key factors driving crude oil price has been ...

2018-01-25 James Harte Read more
Most Popular Trades of 2017

Now we are well and truly into 2018, Orbex would like to have a quick recap of the Most Popular Trades of 2017. The World Bank had projected a growth rate of 2.7% for the global economy at the start of 2017, while expressing concerns about political instability in the developed economies. Developments in the US economy, which is the world’...

2018-01-18 Orbex Read more

Lost in the noise of Friday’s hurricane-ridden US jobs report was another strong report from Canada. Canada is the miraculous nation, who has yet to witness a real-estate crash after emerging unscathed from the 2008-2009 market crisis. Its central bank has also raised interest rates two years after an oil-recession. On Friday Canada’s labour ma...

2017-11-02 Ashraf Laidi Read more
Oil refineries

Southern US Damage By Storms Oil prices fell at the end of last week as severe weather disruptions in the US threaten to deepen the supply glut that has weighed on prices over the last few years. Hurricane’s Harvey and Irma have devastated large parts of the Southern US including Texas and South Carolina meaning there will be a large downshift ...

2017-09-11 James Harte Read more