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Oil Price Rebound Stalls Ahead Of Monthly High With OPEC On Sidelines
Article By:
DailyFX
Saturday, September 26, 2020 6:11 PM EDT
The price of oil trades in a narrow range as the rebound from the September low ($36.13) seems to have stalled ahead of the month high ($43.43), and signs of a protracted recovery may drag on prices as OPEC appears to be moving to the sidelines.
In this article: USO
E Targets For The Week Of Sept. 21
Article By:
George Krum
Sunday, September 20, 2020 11:38 AM EDT
Goldman Sachs and JP Morgan “see the SPX rallying to 3600 by year end." In other words, betting on a resumption of a rally after the current sell-off ends, whenever that may be.
The Charts: Ugly Equities And A Range-Bound Dollar
Article By:
Marc Chandler
Sunday, September 20, 2020 10:39 AM EDT
The major central banks have met, and not one felt it incumbent upon them to take fresh policy action. The euro-dollar exchange rate continues to be mainly in a $1.17-$1.19 trading range that has dominated since the end of July.
The Oil War Is Only Just Getting Started
#OPEC can very well try to appear unfazed but their influence on the global #oil market has been on a decline for quite some time. What we are seeing now is a perfect example of their waning influence. They've gone through considerable lengths with the current production deals in order to prop up the oil price. The end result is a stabilization around $50 - $60. The rebound in US oil rigs ensures that the oil price will never reach its previous highs. $OIL $UCO $USO
Chart Of The Day - Oil Update
Excellent video analysis! I have begun to build a small position in $UWTI and $USO calls.
ETF Investors Are Bravely Buying The Energy Dip
$GDX - $USO spread looks steep, buy Oil sell gold miners?