Oil

[anchitkole]

Crude oil prices remain firmly anchored to sentiment trends, with prices closely tracking the S&P 500. Futures tracking the benchmark stock index swung into positive territory in European hours having traded lower in Asia after France, Spain, Italy and Belgium imposed short-selling bans to stabilize markets.

[anitagala124]

betting on strong conviction given recent volatility solely on the basis of a hairline penetration above a minor technical level seems ill-advised. Initial support is found at $81.60.

[anchitkole]

The pickup in risk appetite bodes well for crude, hinting the WTI contract might finish a volatile week on an up note. Looking ahead, all eyes are US Retail Sales and University of Michigan Consumer Confidence figures.

[anitagala124]

Prices edged above resistance at $85.24, the 38.2% Fibonacci retracement of the 7/26-8/9 decline, exposing the 50% level at $88.18. While RSI studies continue to point to oversold conditions, the penetration higher was very narrow, so betting on strong conviction given recent volatility solely on the basis of a hairline penetration above a minor technical level seems ill-advised. Initial support is found at $81.60.

[anchitkole]

The reports stoked hopes Beijing would slow its efforts to slow the economy implemented to prevent overheating, thereby boosting confidence in the overall global recovery.

[anitagala124]

Crude oil prices remain firmly anchored to sentiment trends, with prices closely tracking the S&P 500. Futures tracking the benchmark stock index swung into positive territory in European hours having traded lower in Asia after France, Spain, Italy and Belgium imposed short-selling bans to stabilize markets.

[Victoryindia]

Weekly US jobless claims figures headline the economic calendar, with mixed results expected as initial applications for benefits nudge higher while extensions inch lower.

[anchitkole]

As with oil, US weekly jobless claims figures represent the next major inflection point. Notably, the macro-level headwinds facing the global recovery remain broadly unchanged, so the path of least resistance favors risk aversion and any near-term improvement

[anitagala124]

the door for profit-taking to produce a corrective rebound after yesterday’s brutal selloff across the risky asset spectrum. Weekly US jobless claims figures headline the economic calendar, with mixed results expected as initial applications for benefits nudge higher while extensions inch lower.

[nilu]

I missed the oppurtunity to buy when i saw hanging man candle on Tuesday daily candle, yesterdays candle also Dogi which suggested some god up movement and we saw some huge movement today.