Tag Archives: wti

Light Crude (CL1, Weekly) – Is there a reversal in crude or just a correction in downtrend?

Mr Hawk/ January 7, 2019/ Chart Of The Day, Charts Posts, Trade Idea, Trade Ideas Posts/ 0 comments

The first week of the year crude made an impressive come back although it did not manage to close above the key $50 level. Oil seems to be oversold and some short covering was necessary. The engulfing pattern on the weekly chart is a hint of possible reversal. Also MACD histogram is signalling weakening momentum as there is a hope

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Ropa (CL Denný) – Je čas na konsolidáciu?

Mr Hawk/ November 7, 2018/ Chart Of The Day, Charts Posts/ 0 comments

Prezident Trump sa snažil o nižšie ceny ropy a máme ich tu. Perfektné načasovanie! Bez pochýb medvede kontrolujú trh, ale dnešná tzv. price action (radi by sme ešte videli ukončenie dnešného obchodovania) nám naznačuje, že by sme mohli vstúpiť do fázy konsolidácie medzi úrovňami 61.50 / 62.00 a 64.30 / 64.80. Nachádzame sa v pásme, ktoré nepatrí nikomu a len prelomenie kanála alebo jasné

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Ropa (CL Denní) – Je čas na konsolidaci?

Mr Hawk/ November 7, 2018/ Chart Of The Day, Charts Posts/ 0 comments

Prezident Trump se snažil o nižší ceny ropy a máme jich tu. Perfektní načasování! Bez pochyb medvědi kontrolují trh, ale dnešní tzv. price action (rádi bychom ještě viděli ukončení dnešního obchodování) nám naznačuje, že bychom mohli vstoupit do fáze konsolidace mezi úrovněmi 61.50 / 62.00 a 64.30 / 64.80. Nacházíme se v pásmu, které nepatří nikomu a jen prolomení kanálu

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May 21, 2018 – Commodity Weekly: Commodity markets in bullish mode despite strenghtening dollar

Mr Price Action/ May 22, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

Commodities had a pretty strong few days as the Brent driven oil rally helped to lift prices in most of the sectors. The strengthening dollar hit precious metals the most, but the selloff wasn’t particularly heavy. Extreme speculative positioning however represents significant threat of possible volatile corrections for many commodities. Oil The oil market was primarily driven by the withdrawal

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Apr 10, 2018 – Commodity Weekly: Oil rebounded from 2015 highs, sugar still under pressure despite divergence

Mr Price Action/ April 10, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

The commodity prices index didn’t change much the previous week, although there was a drop in BBG commodity index by 0.6%. The main driver was the energy sector, especially oil that took the hit after inventories in Cushing have risen and trade war tension is easing. The latest developments in Syria seems to change the market sentiment … again. The

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Mar 27, 2018 – Commodity Weekly: Crude testing January highs – the last resistance

Mr Price Action/ March 28, 2018/ Chart Of The Day, Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

Crude oil testing January highs as well as the revival of gold rally after the FOMC were supporting commodities last week. As energy sector and precious metals pulled the market to the upside, the agricultural contracts and industrial metals were suffering losses from rising fears that the escalating trade war could hamper global growth. Oil While speculative net long reached

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Feb 6, 2018 – Commodity Weekly: After the support of weak dollar diminished, commodities joined the selloff

Mr Price Action/ February 6, 2018/ Weekly Charts, Weekly Commodity, Weekly Notes Posts/ 0 comments

After a supportive week of depreciating dollar commodities are getting hit by sell off in equities and overall negative sentiment in risk assets. While the dollar should have been helping commodities rise, it wasn’t entirely the case even last week and the air was filled with tension especially after the FOMC meeting on Wednesday where the Fed noted inflation is

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Jan 18, 2018 – Market Update (Apple with USD 38 bln tax bill, bringing home USD 250 bln; Renault-Nissan a king over Volkswagen; Goldman Sachs dropping bond trading?; GE still on short side; Junk bonds spreads at record lows, China/Japan getting rid of Trys – nothing new; USDRUB floor between 55.70-56.00; Brent having hard time to stay above USD 70 mark; Biggest Bitcoin mines in China)

Mr Price Action/ January 18, 2018/ Market Update, Market Update Posts/ 0 comments

  Short recap Asia hitting record levels Europe opening higher on bullish sentiment from US and Asia China growing too fast with respect to economic and pollution standards Trump fighting back China with intellectual property breaches (likely getting ready for Davos) Loud calls for EZ reform with new fiscal rules (GE) and joint safe assets (FR)   Equities Cyber security start-ups having hard time

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Jan 15, 2018 – Commodity Weekly: Oil bulls pushing prices higher, corn and sugar falling

Mr Price Action/ January 16, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

Last week continued the spectacular oil rally as inventories are dropping and Trump threatened to abandon Iran nuclear deal. The grains had hard time after bearish WASDE report although soybeans seem to get some extra boost, both corn and wheat were suffering. The soft sector had a rather bad week too with Sugar #11 dropping almost 7% testing key support

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