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2024-03-14T09:50:07+0000
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2024-03-14T09:50:07+0000
This week, IG’s Chief Market Analyst, Chris Beauchamp, goes long Brent crude at $82.70, with a stop at $80.00 and a target of $87.00.
2024-03-14T05:58:21+0000
China adds further support to the ailing economy; and brent crude oil drops at prior swing low, propped up by the 200 SMA, meanwhile, WTI oil oscillates around key, long-term trend filter.
2024-02-21T03:02:15+0000
Marginal Cushing stock build could limit oil upside, IEA revises oil demand growth lower; brent crude oil flirts with the 200-day SMA and WTI testing major zone of resistance into the end of the week.
2024-02-16T04:19:56+0000
EIA storage data reveals minor drop but extends run of successive drawdowns; oil responding positively to improvements in the battered Chinese equity space (Brent crude) and WTI oil nears significant zone of resistance.
2024-02-09T04:55:39+0000
US Q4 GDP data could shape the ‘global growth slowdown’ narrative; brent crude upside level of interest at $82 and IG Client Sentiment is mixed while longs massively outweigh shorts.
2024-01-22T23:55:44+0000
A stronger-than-expected US retail sales for December has led market participants to wonder if they have gotten ahead of themselves in pricing for a March rate cut.
2024-01-18T02:31:40+0000
Outlook on Brent crude oil, gold and silver as Saudi Arabia reduces February official selling price for Asia.
2024-01-09T09:06:18+0000
Saudi’s signal challenges to the oil market during seasonally lower demand, Brent crude oil prices drop at the start of the week, while geopolitical developments may limit downside.
2024-01-09T03:33:54+0000