Oil and natural gas prices rose sharply Monday after BP said it would pause all shipments through the Red Sea because of increased attacks on commercial vessels by Houthi militants from Yemen.
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Oil Prices Edge Higher Amid Middle East Tensions and U.S. Storm Surge
Oil prices experienced a modest rise during early Asian trade on Thursday due to rising geopolitical risks in the Middle East and increased demand for fuel as Hurricane Milton hits Florida. However, despite these immediate catalysts, the broader market outlook remains clouded by weaker demand prospects, as evidenced by recent data and forecasts. This report will examine the key factors driving oil prices higher, the underlying demand dynamics, and the potential implications of these movements. Middle East Tensions and Supply Disruptions One of the primary drivers of the recent uptick in oil prices is the escalating tensions between Israel and Iran. Israeli Defence Minister Yoav Gallant has signaled a potential military strike against Iran, an oil-producing powerhouse in the region. Gallant
What triggered the oil price plunge of last week?watch the market storm ahead
The biggest negative news for the crude oil market is getting closer and closer.Since the unified production cuts brought about by COVID-19 pandemic in 2020, it may be loosened for the first time in October 2024. Saudi Arabia and Russia, the main members of OPEC +, announced at the OPEC + meeting in June that they would gradually relax the voluntary reduction of crude oil production in the future.The voluntary reduction of crude oil production will be approximately 2.2 million barrels per day, accounting for 20% of the total reduction. Although the relaxation of production cuts will only be gradually released, it has brought a lot of impacts to confidence in crude oil market demand. Therefore, last Friday night, as soon as the rumors were released, the oil price immediately hit a new low l
What‘s The Next Move Of Gold And Oil Price?Focuse On This Key Indicator.
Just entering March, in the absence of obvious special news, gold, US stocks and crude oil all rose sharply last Friday night, not to mention the rapid upward trend of Bitcoin a few days ago. This trend of market resonance shows that besides believing in the expectation of interest rate cut, the market began to gradually believe that inflation is coming again, which leads to the strange phenomenon that interest rate cut and inflation coexist. Theoretically, when inflation rises, the Federal Reserve has no incentive to cut interest rates. However, with the current high bond stock of the Federal Reserve (with a total loss of US $114.3 billion last year), it will take about four years to "turn losses" even if the interest rate is cut now. Therefore, the market believes that the interest rate
Will ZIM and QS Continue to Rise on Short Squeeze?
These stocks are experiencing short squeeze.$ZIM Integrated Shipping Services Ltd.(ZIM)$, a container shipping company, had a 25% short interest in its stock. $ZIM Integrated Shipping Services Ltd.(ZIM)$ has risen 37.89% this week. Red Sea attacks present a temporary opportunity for ZIM's short-term gains due to altered shipping routes.Shares of $Quantumscape Corp.(QS)$ surged by over 40% on Thursday following positive lab test results of QuantumScape solid-state batteries announced by Volkswagen's battery subsidiary. The tests indicated promising advancements in next-generation batteries, promising longer driving ranges and reduced charging times for electric cars.
What You Need to Know About Trading During The Holiday Season
With the arrival of Christmas holiday and New Year's Day approaching, the volatility of financial markets began to slow down as promised. For risky assets represented by US stock index, this situation is naturally a positive factor. However, after traders returning to the market, it remains to be seen whether the market will be triggered by events.The performance of the three major indexes of U.S. stocks in the past 1-2 weeks was stronger than expected. Although there was no short-selling trend, the overall bullish atmosphere remained good. Taking Standard & Poor's as an example, the positive performance for seven consecutive weeks shows that the market is more motivated to go long. Of course, in terms of time period factors, the week after New Year's Day market may fall into correctio
$WTI Crude Oil - main 2402(CLmain)$Identify key VA's that reject price in low value / low volume areas.These price areas (not lines*) will reflect true entry areas where the ones that entered before either quickly moved price away from the current direction (reversal) or very aggressive through it.Price reacts and develops new rithms over a certain time, but one thing will always be true. To a minimum,Sell High & Buy LowYou never want to buy something expensiveYou never want to sell something cheapPick the right Liquidity pool.
Oil prices flat as markets weigh Red Sea tensions, output uncertainty
Oil prices flat as markets weigh Red Sea tensions, output uncertaintyOil prices kept to a tight range in holiday-thinned Asian trade on Tuesday, as markets weighed the prospect of continued supply disruptions in the Red Sea against fears of higher production in 2024. Crude prices saw some strength over the past week as attacks by the Iran-aligned, Yemeni Houthi group on vessels in the Red Sea disrupted shipping routes in the region, pointing to some potential delays in oil deliveries through the Suez Canal. But further gains in oil prices were held back by the prospect of higher production in 2024, as Angola left the Organization of Petroleum Exporting Countries (OPEC) on disagreements over recent production cuts. The African nation is now expected to increase output in the comin
Stock Market Opportunities in 2024 - A New Year and a Fresh Start
I wish you all a Merry Christmas and Happy New Year's Day!This week is the last trading week in 2023. There is no important data and most traders are in holidays, so the market is expected to be relatively quiet. However, after the end of this week, next month will be an annual series of investment foresight posts . If you want to know the key trading opportunities next year, please pay more attention.Returning to the current market, the market is already looking forward to the Fed's interest rate cut next year. The only difference lies in the number of interest rate cuts. Although some investment institutions have expected the US stock market to collapse next year, they still suggest that you read less reports and more market conditions, because "risk" is potential, only when and how to d
Although many air travelers may not have noticed, airfare prices have become cheaper in 2023, with the average round-trip ticket price expected to be $254, lower than the $315 in 2019.However, the three major US airlines - $Delta Air Lines(DAL)$$United Continental(UAL)$$American Airlines(AAL)$ - have had decent stock returns this year, with a 10-25% return despite not outperforming the market, amidst significant oil price fluctuations.Despite the recovery underway, a net profit margin of 2.7% is far lower than what most other industry investors would find acceptable. This means that for every passenger transported, airlines are only left with $5.45, roughly enough
: 🛢️ Navigating Energy Futures: Trading Wisdom with WTI Mini Crude Oil
In the dynamic realm of commodities trading, few assets capture the attention of seasoned traders quite like WTI mini crude oil. With prices oscillating between $67 and $72, navigating the waves of energy futures can be both thrilling and lucrative. In this guide, we'll delve into key strategies to harness the potential of WTI mini crude oil, capitalizing on reversals and leveraging moving averages for strategic exits.$SPDR S&P 500 ETF Trust(SPY)$ $W&T Offshore(WTI)$ $WTI Crude Oil - Dec 2024(CL2412)$ ### Understanding Price Fluctuations 📉📈 WTI mini crude oil, like any commodity, experiences price fluctuat
Oil Price Lower Prices Stimulate Demand Poised For Rebound
Crude oil prices are at its lowest not seen in many months, looks like there are not many factors currently showing to change the trend of lower crude oil. But market seem to be bullish about oil because of the demand, though IEA projected faster than previously expected demand growth for 2024, there is a median Brent price of $85 predicted for 2024, this is without considering any major supply disruption. OPEC expects it to expand by 2.2 million barrels daily next year. The IEA attributed its revised forecast to a better economic outlook and lower oil prices, which traditionally spur greater demand for this commodity. In this article I would like to share my prediction for Oil prices for 2024 and whether we will be able to see any trend related to how IEA and OPEC could be thinking or do
$Brent Last Day Financial - main 2402(BZmain)$ Just when you thought the global supply chains were opening, the wait time for products became longer than the chains that Jacob Marley had to drag around in eternity. Chain Chain Chain, Chain of fools.The Houthi rebel’s attack on shipping in the Red Sea, which accounts for 12% of all global seaborne trade, has added substantial delays to shipping and is crying out for someone to do something about it. Vortexa reports the routes from India to northern Europe will now take 38 days instead of 24 days which is a 58% increase. If you’re shipping from the Middle East Gulf to northern Europe it’s now going to take 40 days, an increase of 74%. If you’re shipping from the Middle East Gulf to the Med
$Natural Gas - main 2402(NGmain)$Selloff most likely due to very strong economic numbers...will probably be bought up using the soft landing narrative. PCE came in better than expected meaning less inflation than expected.how to produce oil and natural gas - Meme by aliarsalan ...
$WTI Crude Oil - main 2402(CLmain)$Last week's data overall supports gold and suppresses the US dollar. This is also the main reason why the US dollar has been diving. Although the GDP announced yesterday is the same as the previous value, market expectations are lower, and unemployment benefits have increased slightly.The oil uptrend channel is very obvious!My analysis yesterday was to buy around 72.70 which is a very accurate buy position. The lowest position yesterday was around 72.5, which is the daily moving average supporting the bulls to this position. The technical side is now in need of another highSo crude oil trading ideas today or low bullish step back can continue to buy crude oil!Crude oil trading Signa
Oil Prices Edge Higher Amid Middle East Tensions and U.S. Storm Surge
Oil prices experienced a modest rise during early Asian trade on Thursday due to rising geopolitical risks in the Middle East and increased demand for fuel as Hurricane Milton hits Florida. However, despite these immediate catalysts, the broader market outlook remains clouded by weaker demand prospects, as evidenced by recent data and forecasts. This report will examine the key factors driving oil prices higher, the underlying demand dynamics, and the potential implications of these movements. Middle East Tensions and Supply Disruptions One of the primary drivers of the recent uptick in oil prices is the escalating tensions between Israel and Iran. Israeli Defence Minister Yoav Gallant has signaled a potential military strike against Iran, an oil-producing powerhouse in the region. Gallant
What triggered the oil price plunge of last week?watch the market storm ahead
The biggest negative news for the crude oil market is getting closer and closer.Since the unified production cuts brought about by COVID-19 pandemic in 2020, it may be loosened for the first time in October 2024. Saudi Arabia and Russia, the main members of OPEC +, announced at the OPEC + meeting in June that they would gradually relax the voluntary reduction of crude oil production in the future.The voluntary reduction of crude oil production will be approximately 2.2 million barrels per day, accounting for 20% of the total reduction. Although the relaxation of production cuts will only be gradually released, it has brought a lot of impacts to confidence in crude oil market demand. Therefore, last Friday night, as soon as the rumors were released, the oil price immediately hit a new low l
What‘s The Next Move Of Gold And Oil Price?Focuse On This Key Indicator.
Just entering March, in the absence of obvious special news, gold, US stocks and crude oil all rose sharply last Friday night, not to mention the rapid upward trend of Bitcoin a few days ago. This trend of market resonance shows that besides believing in the expectation of interest rate cut, the market began to gradually believe that inflation is coming again, which leads to the strange phenomenon that interest rate cut and inflation coexist. Theoretically, when inflation rises, the Federal Reserve has no incentive to cut interest rates. However, with the current high bond stock of the Federal Reserve (with a total loss of US $114.3 billion last year), it will take about four years to "turn losses" even if the interest rate is cut now. Therefore, the market believes that the interest rate
Oil Price Lower Prices Stimulate Demand Poised For Rebound
Crude oil prices are at its lowest not seen in many months, looks like there are not many factors currently showing to change the trend of lower crude oil. But market seem to be bullish about oil because of the demand, though IEA projected faster than previously expected demand growth for 2024, there is a median Brent price of $85 predicted for 2024, this is without considering any major supply disruption. OPEC expects it to expand by 2.2 million barrels daily next year. The IEA attributed its revised forecast to a better economic outlook and lower oil prices, which traditionally spur greater demand for this commodity. In this article I would like to share my prediction for Oil prices for 2024 and whether we will be able to see any trend related to how IEA and OPEC could be thinking or do
Stock Market Opportunities in 2024 - A New Year and a Fresh Start
I wish you all a Merry Christmas and Happy New Year's Day!This week is the last trading week in 2023. There is no important data and most traders are in holidays, so the market is expected to be relatively quiet. However, after the end of this week, next month will be an annual series of investment foresight posts . If you want to know the key trading opportunities next year, please pay more attention.Returning to the current market, the market is already looking forward to the Fed's interest rate cut next year. The only difference lies in the number of interest rate cuts. Although some investment institutions have expected the US stock market to collapse next year, they still suggest that you read less reports and more market conditions, because "risk" is potential, only when and how to d
Why the Recent Surge in Oil and Gas Prices is a Temporary Turbulence
In the wake of recent attacks on commercial ships in the Red Sea, the oil and gas market has experienced a notable uptick in prices, raising concerns among investors. However, it’s crucial to assess the situation rationally and understand why this surge is likely a temporary phenomenon rather than a long-term trend that should induce fear in investors. Escalating Geopolitical Tensions and Market Jitters The attacks by Houthi rebels in Yemen have prompted several shipping firms to pause shipments through the Red Sea, a vital route for oil and liquefied natural gas shipments. The resulting disruption has led to an international naval operation, Operation Prosperity Guardian, aimed at securing the Red Sea route. Such geopolitical tensions often lead to market jitters, causing a short-term spi
Markets Soar As Fed Strikes Dovish Stance,What`s The Best Trading Opportunity?
At the Federal Reserve's interest rate meeting last Wednesday night, the results of interest rate decision were expected by the market, but Powell's speech after the meeting was really unexpected to most market analysts, and no one expected Powell's wording to turn "dovish" so quickly.Originally, the market expected the conditions for the Fed to turn its wording to dovish to be roughly divided into three categories. The first is that inflation has been completely suppressed. According to the Fed, CPI has returned to 2%; The second is that there are big problems in economic data, such as a sharp decline in non-farm data; The third is precautionary interest rate cut, that is, the Federal Reserve foresees certain factors, so it cuts interest rates ahead of time to prevent "accidents". Of thes
$Brent Last Day Financial - main 2402(BZmain)$ Just when you thought the global supply chains were opening, the wait time for products became longer than the chains that Jacob Marley had to drag around in eternity. Chain Chain Chain, Chain of fools.The Houthi rebel’s attack on shipping in the Red Sea, which accounts for 12% of all global seaborne trade, has added substantial delays to shipping and is crying out for someone to do something about it. Vortexa reports the routes from India to northern Europe will now take 38 days instead of 24 days which is a 58% increase. If you’re shipping from the Middle East Gulf to northern Europe it’s now going to take 40 days, an increase of 74%. If you’re shipping from the Middle East Gulf to the Med
What You Need to Know About Trading During The Holiday Season
With the arrival of Christmas holiday and New Year's Day approaching, the volatility of financial markets began to slow down as promised. For risky assets represented by US stock index, this situation is naturally a positive factor. However, after traders returning to the market, it remains to be seen whether the market will be triggered by events.The performance of the three major indexes of U.S. stocks in the past 1-2 weeks was stronger than expected. Although there was no short-selling trend, the overall bullish atmosphere remained good. Taking Standard & Poor's as an example, the positive performance for seven consecutive weeks shows that the market is more motivated to go long. Of course, in terms of time period factors, the week after New Year's Day market may fall into correctio
: 🛢️ Navigating Energy Futures: Trading Wisdom with WTI Mini Crude Oil
In the dynamic realm of commodities trading, few assets capture the attention of seasoned traders quite like WTI mini crude oil. With prices oscillating between $67 and $72, navigating the waves of energy futures can be both thrilling and lucrative. In this guide, we'll delve into key strategies to harness the potential of WTI mini crude oil, capitalizing on reversals and leveraging moving averages for strategic exits.$SPDR S&P 500 ETF Trust(SPY)$ $W&T Offshore(WTI)$ $WTI Crude Oil - Dec 2024(CL2412)$ ### Understanding Price Fluctuations 📉📈 WTI mini crude oil, like any commodity, experiences price fluctuat
The Energy Report: T’Was the Last Energy Report Before Christmas. Merry Xmas
$WTI Crude Oil - main 2402(CLmain)$ T’Was the Last Energy Report Before Christmas, When Angola dropped out, leaving OPEC concord riddled with doubt.The cartel cut production with care, but Angola did not think its share was so fair. Yet the Saudis went full steam ahead, cut their quota, and said to drop dead. Plus Angola’s production was under its cap; while the UAE craved more barrels to tap. They needed a cut, so the hedge funds would scatter; crushing the speculators was really what mattered.They needed oil to go up in a flash to regain control of prices that started to crash. They needed to reduce the crude oil flow because US production continues to grow.Oil production hit a record this year, and that happens to be the cartel’s greatest f
Oil prices flat as markets weigh Red Sea tensions, output uncertainty
Oil prices flat as markets weigh Red Sea tensions, output uncertaintyOil prices kept to a tight range in holiday-thinned Asian trade on Tuesday, as markets weighed the prospect of continued supply disruptions in the Red Sea against fears of higher production in 2024. Crude prices saw some strength over the past week as attacks by the Iran-aligned, Yemeni Houthi group on vessels in the Red Sea disrupted shipping routes in the region, pointing to some potential delays in oil deliveries through the Suez Canal. But further gains in oil prices were held back by the prospect of higher production in 2024, as Angola left the Organization of Petroleum Exporting Countries (OPEC) on disagreements over recent production cuts. The African nation is now expected to increase output in the comin
Although many air travelers may not have noticed, airfare prices have become cheaper in 2023, with the average round-trip ticket price expected to be $254, lower than the $315 in 2019.However, the three major US airlines - $Delta Air Lines(DAL)$$United Continental(UAL)$$American Airlines(AAL)$ - have had decent stock returns this year, with a 10-25% return despite not outperforming the market, amidst significant oil price fluctuations.Despite the recovery underway, a net profit margin of 2.7% is far lower than what most other industry investors would find acceptable. This means that for every passenger transported, airlines are only left with $5.45, roughly enough
Will ZIM and QS Continue to Rise on Short Squeeze?
These stocks are experiencing short squeeze.$ZIM Integrated Shipping Services Ltd.(ZIM)$, a container shipping company, had a 25% short interest in its stock. $ZIM Integrated Shipping Services Ltd.(ZIM)$ has risen 37.89% this week. Red Sea attacks present a temporary opportunity for ZIM's short-term gains due to altered shipping routes.Shares of $Quantumscape Corp.(QS)$ surged by over 40% on Thursday following positive lab test results of QuantumScape solid-state batteries announced by Volkswagen's battery subsidiary. The tests indicated promising advancements in next-generation batteries, promising longer driving ranges and reduced charging times for electric cars.
Crude Oil traded lower after a small pullback bear trend
$Brent Last Day Financial - main 2402(BZmain)$Crude Oil traded lower earlier in the week after a small pullback bear trend.The bears got 3 pushes down, forming a wedge pattern.They want a retest of the June or May lows, followed by a breakout below.The bulls see the current move down simply as a bear leg within a trading range.They want a reversal from a wedge bull flag (Oct 6, Nov 16, and Dec 13) and a higher low major trend reversal. They hope to get a retest of the September high.They will need to create consecutive bull bars closing near their highs, trading far above the the trend line to increase the odds of higher prices.Crude Oil remains in a 71-week trading range. Traders will Buy Low, Sell High in trading r
$WTI Crude Oil - main 2402(CLmain)$Last week's data overall supports gold and suppresses the US dollar. This is also the main reason why the US dollar has been diving. Although the GDP announced yesterday is the same as the previous value, market expectations are lower, and unemployment benefits have increased slightly.The oil uptrend channel is very obvious!My analysis yesterday was to buy around 72.70 which is a very accurate buy position. The lowest position yesterday was around 72.5, which is the daily moving average supporting the bulls to this position. The technical side is now in need of another highSo crude oil trading ideas today or low bullish step back can continue to buy crude oil!Crude oil trading Signa
Oil investors will head into 2024 with strong concerns
$WTI Crude Oil - main 2402(CLmain)$The depreciation of the US dollar, coupled with the rising market sentiment on the possibility of the Federal Reserve to cut interest rates, and the International Energy Agency (IEA) to increase next year's oil demand forecast, is helping to support crude oil prices. The IEA raises its forecast for global oil demand in 2024. In its monthly report, the IEA said world oil consumption would increase by 1.1 million barrels per day in 2024, up 130,000 barrels per day from its previous forecast, citing an improving outlook for the United States and lower oil prices. Lower interest rates lower borrowing costs for consumers, which boosts economic growth and oil demand. A weak dollar makes o
$WTI Crude Oil - main 2402(CLmain)$ Bearlish due to the follow OPEC Production Cut Extension: The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) agreed to extend their current production cut agreement through June 2024. This decision aims to maintain price stability in the wake of global economic uncertainties. US LNG Exports Surge: US liquefied natural gas (LNG) exports reached record highs in November, driven by strong European demand and rising gas prices. This trend is expected to continue, with the US poised to become a major global LNG exporter in the coming years.@TigerStars
$WTI Crude Oil - main 2402(CLmain)$Identify key VA's that reject price in low value / low volume areas.These price areas (not lines*) will reflect true entry areas where the ones that entered before either quickly moved price away from the current direction (reversal) or very aggressive through it.Price reacts and develops new rithms over a certain time, but one thing will always be true. To a minimum,Sell High & Buy LowYou never want to buy something expensiveYou never want to sell something cheapPick the right Liquidity pool.
67.70 is a high probability of the short-term bottom support point
$WTI Crude Oil - main 2402(CLmain)$There is still repeated confirmation in the short term, but 67.70 is a high probability of the short-term bottom support point, around the structure of the bottom rally above 67.70. The hour chart may be accompanied by the second step back, and the operation should be adjusted lower after the step back is stabilized. On the whole, the crude oil opening operation idea next week is suggested to mainly step back low, supplemented by a rebound high, above short-term attention to 73.0-74.0 line resistance, below short-term attention to 71.0-70.0 line support.