Monday, January 25, 2016

Crude Oil Price Moving Higher Overnight

Considering forthcoming EU stimulus programs and colder weather stimulating demand, Crude oil is moving higher.


At this time the price has risen to $32.72 and there does not appear to be any resistance showing on the Ichimoku Chart, meaning it may continue upwards

Here is some news from today.

Asia rises after cold spell lifts oil, dollar stands tall - Reuters
 Mon, 25 Jan 2016 05:15:22 GMT
TOKYO Asian stocks on Monday moved further away from four-year lows struck last week, as a cold spell in parts of the northern hemisphere pushed oil prices higher and relieved some of the bearish pressure on global markets. World equities also took ...

How Soon Could A Sustained Oil Price Rally Occur? -
Mon, 25 Jan 2016 00:06:54 GMT
Noteworthy is the fact world oil markets started pricing the return of Iranian crude exports six months ago when the framework of the agreement to end international sanctions was announced in July — the last time WTI traded over US$50 a barrel. While ...

Security Woes Threaten OPEC's Second Largest Producer -
Mon, 25 Jan 2016 00:06:54 GMT
Despite the fact that the country's crude oil output has continuously been plagued by security concerns and faltering payments to international oil companies from both the Kurdish regional government (KRG) and Baghdad and an ongoing row over oil export ..

Crude Prices Edge Up On ECB Stimulus Outlook - Nasdaq
 Mon, 25 Jan 2016 03:42:51 GMT

Crude-oil prices extended gains in early Asia trade Monday as the market continued to react to signals by the European Central Bank that it would undertake more stimulus measures to lift the regional economy. On the New York Mercantile Exchange, light,οΎ ..

Good Trading.

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