WTI Crude Oil rallied over 14% today to close at $62.88 per barrel. This marks the largest single-day percentage gain for the commodity since June of 1998. On Friday we ran a Twitter poll asking which level WTI Crude Oil will hit first, $50 or $60. While 54% of respondents said $60, I don’t think […]
Chart of the Day – Monday, September 16th, 2019
Today’s Chart of the Day was shared in a note from Frank Cappelleri of Instinet. It’s a daily candlestick chart of WTI Crude Oil futures. Today, Crude Oil surged 14.56% to $62.88 per barrel. This marks the largest single-day percentage gain for the commodity in over two decades. At this point, the question on many traders minds […]
Chart of the Day – Tuesday, June 11th, 2019
Today’s chart of the day was shared in a note from Callum Thomas (@Callum_Thomas). It’s a seasonality chart of WTI Crude Oil showing how the prices typically move in a year. Overlayed in red is how Crude oil has performed thus far in 2019. In the note, Callum explains: “the slump in oil prices came just after the […]
Mark Newton Looks for a Bottom
Earlier this week, Mark Newton of Newton Advisors appeared on Real Vision to gives his take on whether we are close to finding a reversal point from this recent correction. Mark begins by pointing out that sentiment was pretty high for a majority of 2019, but those bullish feelings have come down quite a bit recently, […]
A Crude Correlation
Crude Oil fell nearly 7% last week, marking the worst weekly performance for the commodity so far in 2019. It was up an astounding 57% from the December 2018 lows in less than six months before topping out at the end of April around $66 per barrel. It’s now trading around $58, about 14% off […]
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