Crude Oil Rockets on Crimea
Energy bulls are clearly in control this morning especially crude oil bulls. Brent crude (BNO, quote) continues its climb breaking through the $107 level.
Futures
Futures Flat Ahead of Fed FOMC Statement
U.S. futures as well as Europe’s markets remain flat this morning ahead the 2:00 pm EDT Federal Open Market Committee (FOMC) policy statement and Chairwoman Janet Yellen’s first news conference will follow at 2:30 pm EDT.
Is Dr copper still the bellwether of global economies?
In considering the daily chart for copper, there are several questions that instantly come to mind.
Bullish tone continues for gold on breakout
Of all the markets and instruments that I comment on and write about, none attracts more strongly differing opinions than gold.
China’s Weak Data Outweighs Concern Over Ukraine, Brent Slides
Brent crude oil (BNO, quote) traded at $108.29 at 5:45 GMT on Wednesday morning as worries about slipping global demand outweighed concern about the situation in Ukraine.
Brent Slides On Weak Chinese Exports
Brent crude oil lost its momentum on Tuesday morning after demand woes outweighed worries about the ongoing tension in Syria.
E-mini NQ pausing but bullish momentum remains
Whilst daily charts give us a framework for intraday trading, it is often the weekly chart which gives us a broader perspective, the zoomed out view, and this was certainly the case with oil which I looked at recently.
Bullish momentum for oil now coming to an end?
Last week was a volatile one for crude oil futures, with the April contract closing the week at $102.58 a barrel having touched $105 per barrel at the start of the week.
Why Global Markets Could Be Derailed by the Ukraine
Turmoil in Emerging Markets hit investor confidence in January and, after a stellar February, the crisis in the Ukraine could lead to profit taking this month. Indeed, volatility spiked to a similar level and the S&P came off its all-time-high on Friday as fears started to set in.
Breaking News- ADP Payroll Report Out
The United States reports 139,000 private-sector jobs in February.