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Crude Prices May Be on the Cusp of a Breakdown – TDS
Downside pressures for Crude oil continue to grow as physical demand trends continue to deteriorate. Crude prices may be on the cusp of a breakdown, TD Securities Senior Commodity Strategist Daniel Ghali suggests.
Crude Oil Extends Declines on Chinese Demand Concerns, WTI Falls Below $80
WTI tumbled below $80.00 per barrel as Crude Oil bids crumble.
Crude Oil Is on a Brink of a Turn – TDS
Crude oil markets could be about to break down. A downtape could now force trend-followers to liquidate a massive -40% of their max size, TDS senior commodity strategist Daniel Ghali notes.
Oil Slips on Chinese Demand Concerns Despite U.S. Rate-Cut Optimism
0756 GMT - Oil prices are edging lower on concerns over China's demand outlook despite dovish comments from Fed Chair Jerome Powell ramping up bets on a September rate cut. Brent crude is down 0.7%
Crude Oil: Downside Pressures to Continue – TDS
Crude oil markets are also particularly vulnerable to a downtape, TD Securities senior commodity strategist Daniel Ghali notes.
Oil Slips on Stronger U.S. Dollar After Trump Assassination Attempt
Oil prices are edging lower on a stronger U.S. dollar following the attempted assassination of former President Donald Trump over the weekend. Brent crude and WTI are both down 0.1% to $84.92 and $82.
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