CL=F - Crude Oil Feb 20
| Pre. Settlement | N/A |
| Settlement date | 2020-01-21 |
| Open | 58.59 |
| Bid | 58.48 |
| Last price | 58.52 |
| Day's range | 58.27 - 58.98 |
| Volume | 90,539 |
| Ask | 58.91 |
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Trader Reaction to 29279 Sets the Tone
Given the prolonged move up in terms of price and time, the direction of the March E-mini Dow Jones Industrial Average on Monday is likely to be determined by trader reaction to Friday’s close at 29279.
- Oilprice.com
This Country Just Agreed To A $44 Billion Plan To Ditch Coal
Germany has just agreed to a $44 billion deal to enable the country to move away from the use of brown coal power plants
- Oilprice.com
Putin’s Powerplay Could Jeopardize The OPEC Deal
Russia is in the middle of a significant political shakeup, and the outcome could have a surprising impact on global oil markets
- FX Empire
Natural Gas Price Fundamental Daily Forecast – Change in Weather Model Send Prices Below $2.00
The selling was revved up late Thursday after the European weather model dropped more than 15 heating degree days from its forecast for the period running from next Tuesday through January 28, NatGasWeather said in a note to clients.
- Oilprice.com
The Single Biggest Factor In Oil This Week
China has been the key oil price driver this week, with phase one of the trade deal driving prices higher before worrying economic data from the country dragged prices lower
- FX Empire
Crude Oil Weekly Price Forecast – Crude Oil Forms A Hammer
The crude oil markets fell initially during the week but have turned around to show signs of life again by forming a hammer. This has happened in both grades that I follow here at FX Empire.
- Zacks
Trade Deal Impacts the Energy Sector: LNG to Gain the Most?
Of the additional $200-billion purchase of U.S. goods over the next two years (keeping 2017 imports as the base level), $52.4 billion will likely come from the energy sector.
- FX Empire
U.S. Crude Flirts With $59
Crude is steady, as it trades just shy of the $59 level. After a rough start to the week, crude has bounced back, with the signing of the Phase One trade accord and a surprise EIA crude inventory drawdown.
- Reuters
Malaysia sets February export tax for crude palm oil at 6%
Malaysia has raised its export tax for crude palm oil to 6% for February, the Malaysian Palm Oil Board said on Friday, citing the national customs department. The world's second-largest producer and exporter of palm oil calculated a reference price of 2,907.63 ringgit per tonne for next month. Malaysia had set the export tax for January at 5%, raising it after placing a tax-free exemption on crude palm oil from May to December 2019 in a move to boost palm oil exports and expand into new markets.
- FX Empire
GBP/USD – Pound Inching Towards 1.31, Chinese Yuan Rises
The British pound is steady, but could receive a boost if retail sales delivers a solid gain (release on Friday at 9:30 GMT). The story of the week has been the Chinese yuan, which has climbed to a 7-month high against the U.S. dollar.
- FX Empire
Gold Price Forecast – Gold Markets Pulled Back Slightly
The gold markets pulled back slightly during the trading session on Thursday, as we continue to chop back and forth. One thing that should be noticed though is that we have formed a couple of hammers on the way down.
- FX Empire
GBP/USD Price Forecast – British Pound Continues To Try To Break Out To Upside
The British pound rallied a bit during the trading session on Thursday in order to break above the gap that had formed at the beginning of the week. Now that that gap has been filled, it becomes a question as to whether or not it will hold.
- FX Empire
GBP/JPY Price Forecast – British Pound Breaks Higher
The British pound broke higher during the trading session on Thursday, as we have cleared a little bit of resistance in the form of the ¥143.50 level.
- FX Empire
EUR/USD Price Forecast – Euro Stalls
The Euro rallied a bit during the trading session on Thursday but giveback quite a bit of the gains to show a sluggish reluctance to break towards the top of the overall range.
- FX Empire
AUD/USD Price Forecast – Australian Dollar Continues To Show Strength
The Australian dollar has broken higher during the trading session on Thursday, as we continue to show strength based upon the market hanging above the 200 day EMA for the last four days again.
- Reuters
Oil steadies as Chinese economy offsets trade optimism
Oil prices steadied on Friday as sluggish economic growth in China, the world's biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal. Brent crude futures rose 23 cents to settle at $64.85 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 2 cents to settle at $58.54 a barrel.
- Reuters
RPT-GRAPHIC-India's import curbs deal big blow to Malaysian palm oil
India's move to restrict palm oil imports from Malaysia will create a huge challenge for the world's second biggest producer of the edible oil as India has been its top market for the past five years. India, the world's largest buyer of edible oils, last week restricted imports of refined palm oil and effectively halted all palm oil purchases from Malaysia in retaliation for criticism by the Malaysian prime minister of India's policy towards Kashmir.
- Reuters
Japan firms join global calls to ditch coal-fired power - Reuters poll
Japanese companies overwhelmingly feel Japan should shift away from its dependence on coal for power generation even though a third of firms say this would harm their business, a Reuters poll found, further evidence that the government is out of step with the global fight against climate change. The monthly Reuters Corporate Survey may augment global pressure on Tokyo to temper its support for coal-fired power stations and the export of Japan's coal technology, as extreme weather conditions from bushfires in Australia to floods in Venice focus attention on climate change. Japan is in the crosshairs as it seeks both to be recognised as a leader in the climate-change debate but also supports the use of what is widely regarded as a dirty fuel.
- Oilprice.com
Five Clean Energy Trends To Watch In 2020
A mixture of climate policy and social pressure is fueling a wave of renewable energy trends that investors can no longer ignore
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 9149.25, Weakens Under 9062.00
Crossing to the strong side of the angle at 9149.25 will put the March E-mini NASDAQ-100 Index in an extremely bullish position.
- Oilprice.com
How Vulnerable Is Iraqi Oil Production?
Iraq has effectively doubled its oil exports over the last decade, but security risks and foreign intervention could end its growth
- FX Empire
Gold Price Prediction – Prices Slip Following Solid US Retail Sales
The dollar edge higher capping gold prices movements
- FX Empire
EUR/USD Mid-Session Technical Analysis for January 16, 2020
Based on the early price action and the current price at 1.1135, the direction of the EUR/USD into the close is likely to be determined by trader reaction to a pair of Gann angles at 1.1129 and 1.1125.
