Wednesday, November 29, 2023

Bitcoin Continues to Claw Back from 2018’s Lows

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Steadily and somewhat quietly, the world's biggest cryptocurrency, is clawing upward. Cboe's Bitcoin futures (@XBT) traded as high as 8390 this morning, a level last...

Oil Holds Its Ground Despite Bearish News

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Something weird is happening in crude oil: It's not going down on bad news. Last night the American Petroleum Institute reported energy stockpiles rose by...

Headlines Keep Pressuring Oil Higher

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News events keep pushing oil higher. Last month, Iranian sanctions were the story. Now traders are focusing on a disruption in Norway as oil workers...

Bulls pivot back to energy: Midweek sector check

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The S&P 500 is bouncing at its 50-day moving average as the market drifts into the dog days of summer. Here's a breakdown of the best-...

Traders, keep an eye on oil

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Oil is in the news today with crude futures at a potentially key level. The main item came this morning from the U.S. State Department,...

Get ready for a summer snooze: Larry Williams Cycle indicator

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Get ready for a sleepy July and a turbulent August. The Larry Williams Cycle Forecast Indicator sees the Dow Jones Industrial Average inching higher next...

Crude oil may be stabilizing before OPEC

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Disclosure: This post is intended for educational purposes and should not be considered a trade recommendation. Energy may be stabilizing, even as OPEC prepares to...

Fear sweeps energy market before OPEC meeting

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The Russians are coming, the Russians are coming... coming back to the energy market that is. Crude oil futures (@CL) fell almost 3 percent today,...

Silver may be nearing a breakout

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Something bullish may be brewing in silver. The TradeStation platform shows silver futures (@SI) up 3 percent in the last two months. Gold futures (@GC),...

What’s cooking in copper?

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Just two days ago, a large bullish call roll appeared in copper giant Freeport McMoRan (FCX). The red metal's gone straight up since the...
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