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oil

Oil is Coming Back to Life

Good day!The currency pair EUR/USD approached the resistance zone formed between the levels 1.1100 and 1.1147. The asset might potentially drop away from this very important zone:The British pound...

The Friday Forex Takeaway - Episode 36

Key Points From This WeekCOVID-19 Vaccine Hopes IncreaseFollowing on from reports that US biotech company Moderna had noted positive results with one of their candidate vaccines, markets received...

The Crude Chronicles -Episode 38

Oil Recovery Rally Loses SteamThe oil market has seen a week of heavily reduced volatility compared with  price movements registered over the prior weeks. In the aftermath of the heavy selling which...

The Crude Chronicles - Episode 37

Recovery Rally Marches OnThe CFCT COT position report showed that investors increased their net long exposure by 35% last week, with the total upside position rising to a fresh 16 week...

The Friday Forex Takeaway - Episode 31

Key Points from This WeekOil Turned NegativeAs the COVID crisis continues, the oil market this week gave the clearest indication of the economic damage being caused. Dropping over 100% on...

What Caused Oil Prices To Turn Negative?

COVID-19 Creating Historic Market ConditionsThe COVID-19 crisis which has dominated both financial and mainstream news flows this year has created unprecedented conditions in both people’s lives and...

The Crude Chronicles - Episode 35

Negative Oil PricesCrude oil prices have seen record moves this week as the capitulation in concerns for the demand outlook resulted in a downside shock with prices breaking below $0 for the first...

The Crude Chronicles - Episode 34

Oil Hits Fresh LowsIt’s been a frustrating week for oil bulls. Following the mild decline seen from last week’s highs, losses have been extended this week with price trading down to fresh 2020 lows as...

The Crude Chronicles - Episode 33

Oil Demand Decimated by Covid-19 DisruptionFollowing the mild recovery seen in WTI price action last week, momentum has stalled with oil prices trading roughly flat so far on the week. The main driver...