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Financial markets are entering a time of potential turmoil, with uncertain timing of news events and price moves. Traders may react by turning to futures. Futures are securities that track an underlying index or market virtually around the clock. Traders can take...
Energy costs are falling on signs of weaker demand and increased supply. Several negative headlines appeared before and after the Labor Day weekend. First, Chinese manufacturing activity slowed more than expected to its worst level in six months. Then Reuters reported...
Crude oil has been sputtering, and OPEC+ isn't expected to provide much relief next week. Ministers from the energy cartel, led by Saudi Arabia and Russia, are scheduled to meet on Thursday, August 1. Reuters reported on July 18 that they will probably let oil...
Energy traders are selling the news after OPEC+ kept oil production limited. Crude oil futures (@CL) fell about 3.6 percent to $74.22 on Monday, their lowest closing price since February 7. It also tied with the biggest one-day drop since January 8, according to...
Exxon Mobil rallied in March and early April. Now, after a pullback, some traders may expect further upside. The first pattern on today’s chart is the falling trendline along last month’s highs. The energy giant closed above it on Friday, which could be considered ......
Energy stocks have led the market this year, and now they've pulled back. The S&P Select Energy SPDR fund (XLE) jumped to $98.97 last Friday -- the highest level in almost a decade. It pulled back this week and touched $93.73 before bouncing. That was just $0.04...
Uranium miner Cameco has been stuck at an old high, and one big options trader is bracing for a potential drop as earnings approach. This large transaction was detected yesterday in CCJ, unfolding in several blocks over the course of the afternoon: Some 30,000 May 45...
The stock market has been optimistic about inflation since late 2023, but price pressures may be returning as the Federal Reserve considers interest-rate cuts. The price of energy, shelter and materials have quietly risen in the last month. The increases follow months...
Energy was the only the only major sector to fall last month. Is there more downside risk? The first pattern on today's chart of the SPDR Select Sector Energy Fund is the November 6 close of $85.70. XLE ... For more, please click here to view the...