- Story Log
User | Time | Action Performed |
---|---|---|
-
Oil Bears vs. Rising Wedge
Another day, another drop and technical formation. Bears… What do you think about it? Let’s start today’s analysis by quoting the last article on black gold: (…) black gold closed Monday’s session not only under the barrier of $80, but also below the previously broken upper border of the blue rising channel. In this way, light crude invalidated the earlier breakout, which doesn’t look bode well for the bulls – especially when we factor in the fact that thanks to yesterday’s price action, the beard gained four important allies: another daily closure under the barrier of $80, the above-mentioned ... (full story)
- Comments
- Subscribe
-
- Older Stories
- From oilprice.com|Mar 6, 2024
OPEC expects to claw back its share of the Indian oil market in the long term, due to the short distance Middle Eastern crude has to travel to the world’s third-largest oil ...
- From @FirstSquawk|Mar 6, 2024
post: YEMEN'S HOUTHIS SAY THEY TARGETED BULK CARRIER TRUE CONFIDENCE IN GULF OF ADEN
- From bbc.com|Mar 6, 2024
The windfall tax on oil and gas firms has been extended by 12 months in Jeremy Hunt's Budget despite opposition from the Scottish Conservatives. The 35% surcharge on profits due ...
-
- Newer Stories
- From eia.gov|Mar 6, 2024
Since early January 2024, U.S. refinery utilization has decreased 11%, falling as low as 81% during the two weeks ending February 9 and February 16, and briefly dropped below the ...
- From federalreserve.gov|Mar 6, 2024
Economic activity increased slightly, on balance, since early January, with eight Districts reporting slight to modest growth in activity, three others reporting no change, and one District noting a slight softening. Consumer spending, particularly on retail goods, inched down in recent weeks. Several reports cited heightened price sensitivity by consumers and noted that households continued to trade down and to shift spending away from discretionary goods. Activity in the leisure and hospitality sector varied by District and segment; while air travel was robust overall, demand for restaurants, hotels, and other establishments softened due to elevated prices, as well as to unusual weather conditions in certain regions. Manufacturing activity was largely unchanged, and supply bottlenecks normalized further. Nevertheless, delivery delays for electrical components continued. Ongoing shipping disruptions in the Red Sea and Panama Canal did not generally have a notable impact on businesses during the reporting period, although some contacts reported rising pressures on international shipping costs. Several reports highlighted a pickup in demand for residential real estate in recent weeks, largely owing to some moderation in mortgage rates, but noted that limited inventories hindered actual home sales. Commercial real estate activity was weak, particularly for office space, although there were reports of robust demand for new data centers, industrial and manufacturing spaces, and large infrastructure projects. Loan demand was stable to down, and credit quality was generally healthy despite a few reports of rising delinquencies. The outlook for future economic growth remained generally positive, with contacts noting expectations for stronger demand and less restrictive financial conditions over the next 6 to 12 months. Labor Markets Employment rose at a slight to modest pace in most Districts. Overall, labor market tightness eased further, with nearly all Districts highlighting some improvement in labor availability and employee retention. Businesses generally found it easier to fill open positions and to find qualified applicants, although difficulties persisted attracting workers for highly skilled positions, including health-care professionals, engineers, and skilled trades specialists such as welders and mechanics. Wages grew further across Districts, although several reports indicated a slower pace of increase. Employee expectations of pay adjustments were reportedly more in line with historical averages. post: FED'S BEIGE BOOK: ECONOMIC ACTIVITIY 'INCREASED SLIGHTLY, ON BALANCE;' 'SLIGHT TO MODEST GROWTH IN ACTIVITIY #BeigeBk #FederalReserve #economy post:
FED BEIGE BOOK: EMPLOYMENT ROSE AT A SLIGHT TO MODEST PACE IN MOST DISTRICTS. post:
FED BEIGE BOOK: THE OUTLOOK FOR FUTURE ECONOMIC GROWTH REMAINED GENERALLY POSITIVE, WITH CONTACTS NOTING EXPECTATIONS FOR STRONGER DEMAND AND LESS RESTRICTIVE FINANCIAL CONDITIONS OVER THE NEXT 6 TO 12 MONTHS. post:
FED BEIGE BOOK: CONSUMER SPENDING, PARTICULARLY ON RETAIL GOODS, INCHED DOWN IN RECENT WEEKS.
- From forex.com|Mar 6, 2024
With gold hitting a record high today and Bitcoin yesterday, crude oil and most other financial markets have gone a bit under the radar. But the US dollar looks like it may have ...
- Story Stats
- Posted: Mar 6, 2024 12:54pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 160