Energy

Best trade of the week? USDCAD or Oil?

Will bearish bets on the Canadian dollar grow in the lead up to Wednesday? It is widely expected that the Canadian central bank will leave interest rates on hold during its meeting that concludes on this day (Although, it may...

Middle East conflict up, oil up, gold up, defense stocks up

WTI and Brent crude futures both jumped more than 4% to above $86 and $88 per barrel, respectively, on Monday, after a surprise attack by Hamas on Israel over the weekend. More than 900 Israelis have lost their lives, with...

Oil Soars to 2023 Highs: Sets New Support Levels? 

WTI crude futures surged by 3.5% on Wednesday, briefly reaching above $94, marking their highest settlement price of 2023. This impressive rally followed the release of EIA data indicating a larger-than-expected decrease in US crude inventories, showing a 2.17 million...

Volatile start to year for gold and oil

In December, the price of gold moved through a volatile uptrend but did seemingly reject at $1,819. However, a daily candle managed to close above this resistance zone on the last day of 2022, which has been followed by a...

Visualising victory for Ukraine and oil prices

Back in February, when Russia launched its invasion of Ukraine, a victory for Kyiv would have been almost impossible to imagine. It's the classic David and Goliath. Recent developments on the battlefront, however, are starting to paint a different picture,...
aramco

Aramco eyes diversification after record Q2 income

Is Saudi Aramco (TADAWUL: 2222) looking to diversify its income sources after soaring oil prices helped it deliver record-high earnings in the second quarter. Saudi Aramco saw its net income attributable to shareholders' equity nearly double during the three-month period...
Natural gas futures

Natural Gas from 3 technical perspectives

The current overall trend for Natural Gas is bearish, as seen from the monthly chart. The commodity has possibly just completed the 5th wave of the Elliot Impulse Wave, this means that the next movement is possibly a correction. There...

Goodbye For Now! Recap of 2020

After 200 articles, it is time for me to hang the coat up and say goodbye. This will be my last article for BlackBull Markets, and I am glad to have had the opportunity to provide content for clients at...

Markets are Frothy

Here's an interesting juxtaposition. There are currently just over 25 Million Currently Infected Patients of Covid-19, with 2.4 million deaths*. However, · Tesla is up nearly 2,000% since the start of 2019. A luxury electric car company whose slim profit...
Join Now