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Oil Daily Review January 8, 2019

Oil Daily Review for January 8, 2019

USD/CAD: Crude oil plays a more significant role – NBF

According to National Bank of Canada analyst Krishen Rangasamy, the influence of crude oil prices in the Loonie has risen while the impact of interest


Oil Technical Analysis: Black Gold bulls at the $50.00 gate

Oil daily chart Crude oil WTI is trading in a bear trend below the 200-period simple moving average (SMA). Bulls are attempting to create a revers


USD/CAD drops to multi-week lows near 1.33 as oil recovery gathers momentum

After spending the first half of the day in a relatively tight range near 1.3350, the USD/CAD pair came under a renewed pressure in the last hour and


MoviePass posted an HR job listing following months of turmoil and employee allegations of inappropriate behavior

After MoviePass fired its two-person human resources department in November, some staffers have been unhappy. Now MoviePass is looking to hire a new HR person.


Gas stations in Mexico are running dry after the state-owned oil company cracked down on rampant fuel theft

Mexican citizens shared photos of long lines and hot tempers after Pemex shifted some deliveries to trucks instead of pipelines.


Oil futures settle higher, but well below the session’s high near $50

Oil futures climbed on Monday, buoyed by optimism tied to trade talks between the U.S. and China as well as output reductions by major oil producers.


WTI Crude Oil and Natural Gas Forecast January 8, 2018

The WTI Crude Oil market initially tried to rally during the day on Monday, but you can see that we have ran into a lot of resistance at the downtrend line, …


Canada’s Oil Cuts Are Working, But For How Long?

Oil prices in Canada are rising due to government mandated production cuts. Premier Rachel Notley’s bold move appears to be working, but can it continue?


Oil markets testing higher on trade hopes, production limitations

Oil prices continue to seek higher ground with WTI barrels exploring above the 49.50 barrier on Monday, and a soft decline heading into Tuesday is see


EURUSD, S&P 500, Oil – A Principle Reversal Ingredient

I am a fan of H&S patterns and certain elements are more important to identifying such a setup’s success than oth


Oil prices to trade in $60-$70 range by mid-2019 – APICORP

In its latest report published on Tuesday, the Arab Petroleum Investments Corporation (APICORP) noted that oil prices are likely to trade in the $60 t


USDCAD Price Tumbling as Canadian Dollar Benefits From Rising Oil Prices

The Canadian Dollar price is rebounding strongly on higher oil prices and talk that the Bank of Canada may hint this week at still higher


An engulfing technical outlook for US equities, gold, oil and treasuries – 8th January 2019

Michael takes a look at US markets, US treasuries, gold and oil prices and poses the possibility that we could be set for a turnaround in sentiment in the ea…


Have a nice trading!

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