|Day's Range||2.634 - 2.634|
Natural gas markets initially tried to rally during the week but then rolled over at the $2.82 level. Ultimately, this is a market that showed exhaustion, so I think that the markets will eventually find support underneath.
Investing.com - Crude oil prices turned lower on Friday, as concerns over global output levels continued to weigh despite upbeat demand forecasts.
LONDON/MILAN (Reuters) - Italian oil major Eni hiked its dividend on Friday and held out the prospect of a share buyback after promising higher growth in production and more cash. Eni was the first oil major to cut its dividend three years ago after a steep decline in the oil price forced the industry to tighten its belt. State-controlled Eni said in its new business plan to 2021 that it would pay a dividend this year of 0.83 euros ($1.02) per share, 3.7 percent more than last year.
LONDON/MILAN, March 16 (Reuters) - Italian oil major Eni hiked its dividend on Friday and held out the prospect of a share buyback after promising higher growth in production and more cash. Eni was the first oil major to cut its dividend three years ago after a steep decline in the oil price forced the industry to tighten its belt.
The turnaround of Freight Railroad industry can be attributed to an improvement in the coal-related scenario and a boost in intermodal volume.
Greece's Energean Oil & Gas (ENOG.L) listed on the London Stock Exchange on Friday, raising $460 million to develop two Israeli offshore gas fields in the latest milestone for the rapidly expanding eastern Mediterranean energy sector. The firm offered 72.6 million new shares at 4.55 pounds ($6.35) apiece in the first flotation of an oil and gas producer on London's main market since Zenith Energy in January 2017, according to London Stock Exchange data. The funds, together with a credit facility signed earlier this month, will go towards the $1.6 billion development of its Israeli offshore gas fields Karish and Tanin, which have potential reserves of up to 2.4 trillion cubic feet of natural gas and 32.8 million barrels of light oil and condensate.
The gold prices cracked during the yesterday’s session reaching towards the $1315 level, an area which has been supportive in the past. The crude oil prices went slightly higher during the yesterday’s session using the uptrend line around the $60.50 level as support. The natural gas prices cracked lower during the yesterday’s session reaching down to the $2.65 level.
DASH tests support levels early on in the day, as investors continue to jump in on the dips, which should support an afternoon move northwards, if the news wires stay silent…
Based on the current price at .7797, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the Fibonacci level at .7790.
Investing.com – Crude oil prices settled higher after the International Energy Agency warned that oil demand could outstrip supply despite the ramp up in shale output.
Investing.com - The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. fell by 93 billion cubic feet in the week ended March 9, while analysts had forecast a decline of 96 billion.
The UK dug up its ample coal deposits to fire the Industrial Revolution and a global empire. But the reign of coal is over. Coal power plants in the UK are due to be phased out entirely by 2025, and the effort to meet that goal has helped drive down UK carbon emissions every year…
Based on the early trade, the direction of the Dow today is likely to be determined by trader reaction to a 50% level at 24923 and a Fibonacci level at 24730.
5 Year Daily Chart of the VX futures shows that as long as the VX futures remain over $16.28, the equity index futures will be weak. For The Emini S&P (ES), as long as we stay below 2783.50, we are in a short setup for the S&P. The morning price action today may likely try a run-up into the initial resistance zone in the 2763.50 area and even into the secondary resistance line to about 2772.75 and this has been the usual practice in recent days, attempt a move up and fail to support levels.
Based on the current price at 1.2341 and the earlier price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the 50% level at 1.2354.