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Brent Oil Futures - Aug 16 (LCOQ6)

 
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Brent Oil Futures - Aug 16 (LCOQ6)

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48.40 -2.51    -4.93%
24/06 - Closed. Currency in USD ( Disclaimer )
Type: Commodity
Group: Energy
Unit: 1 Barrel

  • Prev. Close: 50.91
  • Open: 50.95
  • Day's Range: 47.55 - 51.19
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Brent Oil 48.40 -2.51 -4.93%
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Latest Brent Oil Comments

Artur Grün
Artur Grün 3 hours ago
What about the safe heaven aspect of oil? Especially at a price at the lower end of history. Gold up 5% and at the same time it seems like everybody thinks the world is going to stop producing because of Brexit. Funny, funny... In the coming weeks oil is about to rise to 60. I certeinly agree with you Paulo. Get it as long as you can. .Thank you.
Paulo Grabowski
Paulo Grabowski Jun 24, 2016 9:11PM GMT
Guys, the API data was not bad in any way. There is some down trend force, due to insecurity as we had a big wave 1. Euforia X Fear. When the market feels it is overbought, it will find any reason to go down. And i do believe that when the data from tuesday night is very bullish, and then the data in wednesday is just half bullish from the data before i got to feel, that something is wrong with the people who is releasing this data.I though this process could start when the prices reach 60, but it is happening now. But anyway, who is going to believe in something more than a little correction or an Elliot third wave going down to 40 (maximum)?
Sammy Najar
Sammy Najar Jun 24, 2016 10:39PM GMT
This is a market that is going to continue to go back and forth in general though, because quite frankly we are very concerned about various things around the globe, and as a result we will have to worry about whether or not there is going to be demand. This is a market that has shown quite a bit of exhaustion lately, so at this point in time it’s likely that the choppiness will continue.
Alessandro
Alessandro 17 hours ago
No one can forecast this market. If you look downwards, an interesting suggestion could come from Fibonacci retracements, to read with other analisys tools. Actually they are: 46.78 (23.6%) - 43.02 (38.2%) - 39.98 (50%) - 36.94 (61.8).
Paulo Grabowski
Paulo Grabowski 3 hours ago
I do believe the same
Paulo Grabowski
Paulo Grabowski 3 hours ago
Exhaustion, this is the right term.
rodolfo visser
rodolfo visser Jun 24, 2016 5:18PM GMT
riggs count .us -3.canada +7.i.e Canada has less expensive extraction costs .and -w'll see API & EIA no consumption why pump ? to place it at Cushing .some law professor says that brexit may be overthrown by UK parliament .hopefully no one will listen or consider - In UK such a move will bring an unstoppable turmoil
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