Gasoline RBOB Aug '15 (RBQ15)
Gasoline RBOB Futures Market News and Commentary
Apr WTI crude oil (CLJ20) on Friday closed down -0.50 (-0.94%), Apr Brent crude oil (CBH20) closed down -0.81 (-1.36%), and Apr RBOB gasoline (RBJ20) closed down -0.0233 (-1.31%).
The energy complex posted moderate losses Friday on concern the spread of the China coronavirus outside of China will decimate energy demand. Confirmed cases of the virus in South Korea have topped 200 and have neared 100 in Japan, while global cases of the virus have risen to 76,700 with 2,247 deaths.
The slump in Chinese economic activity due to the coronavirus has already undercut fuel demand. Data from Chinese researcher SCI99 shows operating rates at independent Chinese refineries in China's Shandong province, which accounts for about one quarter of China's total refining capacity, plunged by -42% through Feb 21 to the lowest level in 5 years.
Friday's U.S. manufacturing data was weaker-than-expected, which was negative for energy demand, after the Feb Markit manufacturing PMI fel... Read more
- Algo Trading System Crude Oil Report For 02/24/2020
Based on 9 algo trading strategies developed with the Strategy Factory approach and 4 indicator based algo strategies, the current position bias for Crude...
- Market Insights - Trading Ranges and Quick Hits Feb 21
SP500, Oil, Gold
- Daily Technical Spotlight - April Nymex Crude Oil
Price downtrend has been soundly negated to suggest market bottom in place. Bulls working on starting price uptrend.
- Catching A Bug. The Energy Report 02/21/2020
The global market once again is being held back by coronavirus developments with reports that the virus will start to wreak havoc outside of China. [...]...
- Downside Bias = Downside Day
Yesterday the markets migrated lower. Will this continue today? Read on to learn more...
- Market Insights - Top End of the Russell 2000 Range Holds
We remain Bearish on Small Caps and Oil until further notice