Another shocking Monday for the energy market. Last week’s start was remembered for a bullish gap of more than 10% (which was later followed by a pullback), but today’s market open proved even more volatile (as reflected by the ATR indicator). After a bullish gap of roughly 11%, the price continued to climb, reaching a […]
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Key takeaways Oil surges amid geopolitical supply fears: West Texas Intermediate crude oil jumped as much as 30% intraday to $119.54, marking its highest level since 2022, driven by concerns that the US–Iran war in Read more…
Europe is an unintended victim of the Middle East conflict. The growing likelihood of two ECB rate hikes is not enough to boost EURUSD. The US dollar posted its strongest weekly performance in a year Read more…
Carly Garner, the Las Vegas commodities trader, has been watching the wild swings in commodity prices lately, and, over the weekend, offered this thought about oil prices: “I’ve only seen oil move this far, this Read more…