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The US dollar has rallied again during the trading session on Monday against the Brazilian real, as we continue to see a lot of concerns around the world affecting emerging market currency such as this one. All things being equal, this is a market that I think will continue to see a lot of upward pressure, and I think at this point in time it does make a certain amount of sense that short-term pullbacks will continue to be buying opportunities. Technical Analysis AC several support levels that are excellent buying opportunities if you do in fact get the opportunity. Keep in mind that this is a pair that will be extraordinarily volatile at times because it is somewhat thinly traded during certain times of the day. That being said, I believe that the 5.30 level has now offered itself a bit of support, as it previously had been resistance. With that being the case, I like the idea of buying dips in bits and pieces and taking advantage of value any time, it shows up. After all, the US doll...

WTI Crude Oil saw the 80.000 USD level penetrated upwards on Wednesday of last week, only to falter and then begin a rather steady push lower. The price of WTI Crude Oil this week will begin trading near the 77.120 mark, this after touching a depth around the 76.640 ratio this past Friday. The ability to trade downwards and come within sight of values seen the previous Friday while testing mid-terms lows could prove to be significant. However, before traders rush into to say the dominant trend is downwards, they should acknowledge that a run higher early last week in WTI Crude Oil achieved a high of nearly 80.590 on Wednesday. The incremental move higher starting last week only to run into headwinds after month long resistance was tested is noteworthy. Also of importance is that OPEC will be conducting a meeting today to discuss pricing and production. WTI Crude Oil’s ability to move back to mid-term lows before the oil conference will spark intrigue and concerns in the minds of specul...

Oil prices turned lower on fresh oversupply concerns among investors after US Crude inventories increased to an all-time high level. This was after the government-backed EIA reported increase in US crude inventories by 1.2 million barrels for the week that ended on June 12, which came much higher than the market expectations of 157,000 barrels. The second consecutive week of rise in commercial inventories took the total count to all-time high of 539.3 million barrels. Adding to the already bleak sentiment, OPEC presented a gloomy assessment of crude in its monthly report on late Wednesday and warned that the crude market will continue to be in surplus for the remaining part of 2020 even as demand improves. This is because the agency expects the additional supplies of about 300,000 BPD from outside the group, which is much higher than earlier predictions. As of this moment, US WTI is trading 0.55% lower at $37.60 per barrel, while Brent crude is trading flat at $40.33 per barrel....