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Daily Forex
Sunday, June 13, 2021 12:37 PM EDT
Overall, next week’s price movement in the U.S. dollar looks slightly more likely to be upwards than downwards. This suggests that trades long of the USD against other currencies are most likely to be appropriate over this coming week.
WTI Extends Gains After Sizable Crude Inventory Draw, Shrugs Off Unexpected Product Builds
$FANG $XOP $USO OK so we had EXACTLY the right #'s IF you just add the higher gasoline build to ESTIMATES versus the HIGHER crude DRAW to estimates. Basically the ESTIMATES really got it EXACTLY RIGHT! Crude -5.36mm (-3.3mm exp) Cushing +741k Gasoline +2.51mm (-1.1mm exp) Distillates +1.585mm (-1.6mm exp)
5 ETF Winners of Coronavirus Pandemic
Can add $USO to that since 4May20 and with current administration will continue to go up. Bullish.
Energy Report: You May Not Want It
Good read, thanks! Long $USO
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?