Tag: oil price

daily market analysis
August 02, 2021 BY Steffy Bogdanova

Daily market commentary: The US dollar is trading almost flat

OIL Black gold keeps on trading inside its mid-term bullish channel today despite its failure to clear the $73.85 level last week. The current rebound over the lower band of the bullish channel at $72.30 isn’t reassuring investors as it remains limited compared to the recent 2% correction. Despite a decreasing US dollar providing fresh…

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daily market analysis
July 28, 2021 BY Steffy Bogdanova

Daily market commentary: European shares were mixed, continuing the Asian trend as global uncertainty linger everywhere

OIL Oil is gaining during the early part of Wednesday’s session, supported by a draw in American crude stocks. This reduction feeds into the narrative of supply being insufficient to meet demand, supporting oil prices as a result. Despite the threat posed by the spreading of the Delta variant, the IMF maintained its growth forecast…

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daily market analysis
May 10, 2021 BY Steffy Bogdanova

Daily market commentary: The pound is gaining ground following elections in England and Scotland

OIL Investors remain bullish on the whole commodity sector and oil is proving no exception with further gains today. Moreover, the cyber-attack which has hit Colonial Pipeline is generating further buying. The technical scenario remains supportive as the combination of expectations of economic recoveries and inflation fears are pulling up the price of both WTI and Brent.…

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daily market analysis
March 23, 2021 BY Steffy Bogdanova

Daily market commentary: Oil is showing further weakness in the first part of this week

EUROPEAN SHARES  European shares opened lower on Tuesday, extending the bearish trend seen in Asia amid progress slowing in the fight against the pandemic. Today’s risk-off trading stance came after investors digested the prospect of an extended lockdown in Germany due to increasing virus cases in the region, which could significantly jeopardize the nascent economic…

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