Posts

Showing posts with the label oil inflation
Show all
Image

Oil broke through $84, is now bid over $85. Next price resistance is $90. The oil price is the highest since September 2023. Mostly attributed by geopolitical re: Ukraine/russia, Iran/Israel.

Post a Comment
Image

Oil jumps 1% on Israel's preemptive bombing of Iran's embassy in Damascus, Syria. Killing senior Iranian military officials. Iran may respond militarily to Israel. All eyes on the oil price. Next price resistance at $83 and $90.

Post a Comment
Image

Self explanatory chart/s: It is all about the Middle East. The oil price is now at 7 month highs, bid over $81 per barrel. As the skirmish/so called low intensity warfare may descend into a full blown conflict. With Hezbollah in Lebanon and Israel intensify their attacks on each other on Israel's northern border with Lebanon.

Post a Comment
Image

Bitcoin sells off on higher US Producer Price Index, blowing out to 0.6% from 0.3% in January 2024. Yields and USD spike, sending the NASDAQ and BTC down from record highs.

Post a Comment
Image

Self explanatory chart: Oil price punches through $80 pb (highest since Nov 2023) as the EIA forecasts an oil deficit in 2024 on U.S. demand and geopolitical issues (Middle East). Next price resistance at 81.50.

Post a Comment
Image

Could Australia enter a stagnated economy with inflation in 2024? Iron ore price/demand collapse + a bid oil price over $78, may ensure.

Post a Comment
Image

Oil pierces through its $80 price resistance, nearing year-on-year highs. On its way to $84. News, that the U.K. freight ship Rubymar has sunk off the coast of Yemen. Insurance rates are now over 1% the value of the ship.

Post a Comment
Image

The oil price holds above $72 in a widening trading range, as volatility has picked up on oil markets due to the conflict in Ukraine/Russia (Ukraine targeting oil facilities in Russia). Yemen has been struck by u.K. and U.S. warplanes for the 8th time. Which could lead to further attacks on Red Sea shipping. IS a U.S. lead Ground operation on the cards re: Houthi rebels?

Post a Comment
Image

Oil collapses through its price supports on weaker Chinese export numbers and a massive U.S. inventory build by American firms for the 1st Week in november 2023. A wider middle eastern conflict cannot be ruled out and/or Iran pushing for oil sanctions/embargo against Israel and the West.

Post a Comment
Image

self explanatory chart: Oil is now within reach of its $95 price resistance, as oil inventories drop 2.2 million barrels, more than analyst expectations at 320,000. The 2022 'putin' put of $100 is the next price range.

Post a Comment
Image

Oil punches through its $90 price resistance, now trading above 10 month highs. Next price resistance ranges are $95 and the psychological $100 per barrel. Saudi Arabia and Russian supply cuts will last december 2023. China is not in deflation, rather the economy is stagnating with higher energy costs.

Post a Comment
Image

Oil is bid, closing in on $90 pb. Hedge Funds pile in long positions over shorts. Biden has shot of his SPR bullet, won't be able to draw again with U.S. oil stocks at historic lows. Central Banks will need to resume tightening to drop the oil price.

Post a Comment
Image

Energy prices spike as Natural gas rallies over 3% as industrial action at Australian gas facilities begins, oil turns bid at $81. SUch is the perils of price controls, particularly on Nat Gas. U.S. crude inventories are still dropping to their historic lows.

Post a Comment
Image

self explanatory chart of the oil price (futures) closing in on $90 a barrel. Saudi Arabia and Russian oil cuts until Sept 2023.

Post a Comment
Image

Inflation shock: Corn, Wheat and Oil futures rally between 10% and 18% as traders begin to lock in prices. Re: Northern Hemisphere heatwave and the Russian 2023 'blockade' of Black Sea/Ukrainian ports. Also, Russian missile attacks of Ukrainian grain silos.

Post a Comment
Image

Self explanatory chart: The Oil price surges after U.S. CPI (inflation) comes in lower than expected. $80 pb is on the cards, in similarity to Jan 2022 highs.

Post a Comment
Image

Oil price is surging as a hedge against USD weakness, despite oil inventories building up.

Post a Comment
Image

Gold the doomsday/inflation hedge is showing similarities to its January 2022 rally, as is oil and the commodity markets.

Post a Comment
Image

S&P 500 is now above the Powell 'Put' (July 26th) as the Fed has decided to slow down its rate hikes, with its fight with inflation which is still at 40 year highs. Confusion and hope is guiding market expectations.

Post a Comment
Image

oil goes bid on tight U.S. stockpiles, passes briefly over its $90 resistance.

Post a Comment