|Day's Range||3.098 - 3.132|
The North Sea Forties crude oil pipeline has now been safely shut down and its operator Ineos will conduct further inspection of the hairline crack that prompted the shutdown, a spokesman for the company said on Tuesday. The pipeline, which carries around 450,000 barrels per day of Forties crude oil and natural gas to Britain, underwent a partial shutdown on Dec. 7 after a minor leak.
In general, the “other 3” crypto currencies that we follow have performed reasonably well during Monday trading, and it looks as if the buyers are returning to pick up crypto currencies in general as most headlines have been focused on Bitcoin trading on Chicago futures exchanges.
The German index gapped higher at the open on Friday, went much higher, and then pulled back to fill that gap again on Monday.
The main trend is down according to the daily swing chart. However, prices remained supported by a series of main bottoms ranging from $2.9455 to $2.8990. A trade through last week’s low at 2.9430 will signal a resumption of the downtrend, but any selling is likely to be labored until $2.8990 is taken out.
More than a dozen oil companies failed to meet North Dakota's natural gas flaring goals three months ago. Operators burned off over 300 million cubic feet (8.5 million cubic meters) of natural gas per ...
Britain's largest oil pipeline could shut down for weeks for unscheduled repair work, sending the price of crude to new two-year highs and triggering a steep rally in natural gas prices, just as a cold snap sweeps the country. The Forties Pipeline System, which carries around 450,000 barrels per day of Forties crude from the North Sea to the Kinneil processing terminal in Scotland, had been operating at reduced capacity since December 7 when a routine inspection revealed a small leak. Ineos, a privately owned Anglo-Swiss chemicals company, owns the pipeline and said it had taken the decision to close the system completely.
According to the EIA (U.S Energy Information Administration), natural gas prices were broadly mixed from November 29 to December 6, 2017.
Investing.com - Natural gas futures edged higher to start the week on Monday, but prices held close to their lowest level in nine months as market players continued to monitor winter weather forecasts to gauge demand for the fuel.
Trading of bitcoin futures on the Cboe has kicked-off, driving the price even higher. But, some investors are still wary of the cryptocurrency, either unsure of what it is or concerned about its volatility.
Based on the early price action, the direction of the Dow today is likely to be determined by trader reaction to the downtrending Gann angle at 24382.
Copenhagen, Denmark Sometimes, there can be too much of a good thing. Every so often, from California to Germany, there’s news of “negative electricity prices,” a peculiar side effect of global efforts to generate clean energy. Solar farms and wind turbines produce varying amounts of power based on the vagaries of the weather. So we…
Gold prices extended losses on Friday after the better than expected nonfarm payrolls and reports of a breakthrough in Brexit talks. Risk of sentiment continued to support the dollar strength which led to the safe-havens’ largest weekly drop since May. Gold is trading slightly higher on Monday morning but remains near Friday’s lows. Gold 4H chart has formed a “Falling wedge” pattern.
he daily chart indicates that $2.720 is the next major downside target. However, if a support base forms, we could see a retracement into at least $2.983.
Strong output growth from some of the U.S. most prolific natural gas basins has propelled the U.S. to a pole-position in global gas markets
Bitcoin has proven to all that it’s able to overcome gravity. Its exponential rise in value, however, isn’t simply due to the impending arrival of institutional investors.
Now that the speculators have been blown out of the market, it may be time to start looking at the long side again, but I don’t suggest trying to pick a bottom. Aggressive buyers should watch for signs of a short-term bottom. These patterns will indicate that the selling has stopped and that perhaps a few hedge funds are rebuilding long positions.
Gold is under pressure mostly because of rising U.S. interest rates. However, I also think prices are weakening because of a surge in demand for crypto-currencies, especially Bitcoin. Some major investors in crypto-currencies feel that they are the “new gold”. If Bitcoin is hit hard on investor liquidation then money may move into gold, giving prices a welcome boost.
In the overall scheme of things, these coins have been forgotten as the Bitcoin market has exploded to the upside with anticipation of a new futures market.
Natural gas markets fell significantly during the week, but we have seen a certain amount of support near the $2.75 level yet again.