Crude Oil Price Forecast: Producer Hedging May Limit Aggressive Upside
Crude Oil prices continue to trade under the $59/bbl zone, but a key explanation for the lack of upside is showing up in the derivatives market. Awaiting headwind to fade.
Crude Oil prices continue to trade under the $59/bbl zone, but a key explanation for the lack of upside is showing up in the derivatives market. Awaiting headwind to fade.
As the final month of 2017 commences, traders have reason to be on the fence about the US Dollar Index as the technical picture shows multiple dynamics.
The Euro broke support guiding prices higher over the past month, hinting the down trend started against the US Dollar in September may be resuming.
The Japanese Yen could be set fair against the US Dollar if USD/JPY’s head and shoulders pattern is confirmed. However, it is probably a little to soon to be sure.
Silver has been dropping hard out of a bearish price sequence from last month, while gold is finally following its lead; lower prices anticipated from here.
One-week implied volatility is at a fairly high premium to longer-term options, but we’ve seen much higher differentials this year; expectations for outcome of talks may be overly optimistic.
The British Pound finally broke out of the two-month range, but has since started to see that bullish theme taper-off. In this article, we look at a potential setup that may be soon nearing in GBP/USD.
The Euro has been on quite the ride over the past few months as the ECB extended QE into 2018. But, the range in EUR/JPY has held throughout, and we’re quickly nearing another revisit towards support.
The current US 500 price trend may soon reverse lower despite the fact traders remain net-short.
GBP/JPY is notorious for its wild and chaotic volatility. So, where did that go in 2017? We may be nearing resolution of this chop as we’ve seen both a double-bottom and double-top formation begin to show.
The Nikkei 225 is holding up fairly well if notably failing to push on. The technical charts are sending mixed signals but the coming week is likely to be fundamentally important.
The Euro has settled into a narrow consolidation range below the 0.89 figure against the British Pound but overall positioning seems to favor the downside.