Market Analysis

Morning focus: Crude, pound, Dollar Index

By Lukman Otunuga | June 22, 2017

A renewed sell-off in crude oil prices amid oversupply concerns effectively dented risk sentiment on Wednesday with global stocks exposed to heavy losses as oil bears pressured equity bulls. European markets were punished by the sharp decline in energy shares and the bearish contagion was swift to contaminate Wall Street which concluded mostly lower. Although Asian stocks edged cautiously higher during Thursday’s trading session, the lack of appetite for risk may limit upside gains.

Daily Price Action: E-mini S&P 500

By Al Brooks | June 22, 2017

Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500. This is his analysis for Wednesday, June 21, 2017.

Crude: Meltdown madness

By Phil Flynn | June 22, 2017

Crude oil prices have plunged far below what the oil fundamentals might suggest and even hardened bears are starting to question this selling madness. The price drops and current levels will destroy the myth that U.S. oil production will rise regardless of the price and we are already seeing downgrades of those energy stocks across the sector. Downgrades are coming fast and furiously. Barron’s reported that Seaport Global Securities downgraded 51 energy-related stocks in the exploration and production arena, as well as offshore spa

Mild risk aversion seen in early trade

By Craig Erlam | June 21, 2017

U.S. indices are seen pulling a little further away from record high levels on Wednesday, as we appear to see a slight shift in risk appetite although there are no signs at this stage of a broader trend developing.

WTI crude stumbles into bear market; gold bounces

By Lukman Otunuga | June 21, 2017

Crude oil’s ongoing oversupply woes reached an ear-piercing crescendo during Tuesday’s trading session as WTI crude plunged into a bear market after growing signs of rising production across the globe. WTI Crude was already extremely sensitive and vulnerable to losses amid the bearish sentiment with reports of an unexpected supply increase by Libya sending prices below $43.

Morning Mash

By The TradeXchange | June 21, 2017

Top Equity Movers of the Pre-Market: RHT +10% Announced Earnings, Beat on EPS and Revenue IMNP +9% Announced initiation of enrollment in clinical trial with Ceplene®/ low-dose IL-2 in Chronic Myelomonocytic Leukemia (CMML) SGMO -8% Announces Proposed Public Offering of Common Stock RUN –2% Announced Florida solar access initiatives earlier this week

Daily Price Action: E-mini S&P 500

By Al Brooks | June 21, 2017

Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500. This is his analysis for Tuesday, June 20, 2017.

Crude: Pile drive

By Phil Flynn | June 21, 2017

Crude oil traders piled onto the downside driving oil into bear market territory in a July crude oil future expiration selloff that will be one to remember. The market is still struggling and not even the fact that we have Tropical Strom Cindy pulling into refinery row, a major political shake up in Saudi Arabia and the fact that we are already seeing shale oil producers start to feel the pain of lower oil prices seems to be helping. We also saw supportive data from the American Petroleum Institute (API) for oil but with the mood as bad as it is, it didn’t do much to elevate prices.

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