Crude Oil Brent F Aug '19 (QAQ19)
Crude Oil Brent (F) Futures Market News and Commentary
Nov WTI crude oil (CLX19) on Friday closed down by -0.15 (-0.28%), Dec Brent crude oil (CBZ19) closed down by -0.49 (-0.82%), and Nov RBOB gasoline (RBX19) closed up by +0.0005 (+0.03%). The energy complex settled mixed Friday as a slump in the dollar index to a 1-3/4 month low was offset by weakness in China's economy that raises energy demand concerns. The dollar index fell for a fourth day Friday and slid to a 1-3/4 month low, which is bullish for most commodities priced in dollars. A slowdown in China, the world's second-largest crude consumer, weighed on crude prices after Friday's data showed China Q3 GDP rose +6.0% y/y, weaker than expectations of +6.1% y/y and the slowest pace since the early 1990s. Friday's U.S. economic data was negative for economic growth and energy demand prospects after Sep leading indicators unexpectedly fell -0.1%, weaker than expectations of no change and the second month the index has declined. Thursday’s weekly EIA data showed that U.S. crude oil inv... Read more
- Algo Trading System Crude Oil Report For 10/21/2019
Based on 9 algo trading strategies developed with the Strategy Factory approach and 4 indicator based algo strategies, the current position bias for Crude...
- Our Full Report - Blue Line Morning Express
Our whole report this Friday. ES, NQ, Crude, Gold. Actionable research out early each morning to brokerage clients with full technicals.
- News Tsunami Doesn't Sink Markets
Yesterday we had about a dozen economic news reports yet that didn't sink the markets. Will this continue? Read on to learn more....
- Making Sense of the Dilly-Dallying Days in Crude Oil
Crude oil seesaw trading goes on, as yesterday's upswing gave way to a lower open earlier today. Given the declining USD, couldn't black gold have...
- Today's Playbook - Blue Line Morning Express
ES, NQ, Crude, Gold. Actionable research out early each morning to brokerage clients with full technicals.
- Downside Bias = Downside Day
Yesterday we gave the markets a downside bias and the markets didn't disappoint. Will that continue today? Read on to learn more...