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Crude Oil Prices Explained - WTI vs Brent - YouTube

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An Update : #GOLD #SILVER #PALLADIUM #PLATINUM ► #AnirudhSethi

15-May-22 07:18 am

Analysis

Anirudh Sethi

Silver, Palladium Outlook Bearish as Prices Cross Key Threshold - MMSteelClub

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Unconfirmed reports that Kurdish forces have taken control of some oil wells in Iraq

15-May-22 07:14 am

Analysis

Anirudh Sethi

Iraq’s state-run North Oil Company spoke with a media outlet on Saturday, saying a Kurdistan Regional Government (KRG) force had seized two oil wells in Bai Hassan oilfield in northern Kirkuk.

Reuters follow up with

he Kurdish government denied “all allegations and rumours which claim that the regional government had occupied and took over oilfields in Bai Hassan … with the support of an armed force”.

Something to keep an eye on come oil trade reopening on Monday morning (Asia time, Sunday evening US time)

Rebound. US stocks move higher today, but still down on the week

14-May-22 06:49 am

Analysis

Anirudh Sethi

The major US stock indices are closing sharply higher on the day. That’s good news. The not so good news is that for the week they are all lower.

For the NASDAQ and S&P index the index closed lower for the 6th consecutive week. For the Dow industrial average fell for the 7th consecutive week.

The final numbers for the day are showing:

Dow industrial average up 466.36 points or 1.47% at 32196.67
S&P index up 93.81 points or 2.39% at 4023.90
NASDAQ index up 434.05 points or 3.82% at 11805.01
Russell 2000 up 53.28 points or 3.06% in 1792.66

For the trading week:

Dow industrial average fell -2.14%
S&P index fell -2.40%
NASDAQ index fell -2.81%.

From all time highs:

Dow industrial average is down -12.87%. The low the index was down -15.49% from the all-time high to the site below.
S&P index is down -16.49%. At the low the index was down -19.92%, just short of the bear market level at -20.0%
NASDAQ index is down -27.18%. At the low this week the index was down -31.48%.

Thought For A Day

14-May-22 06:48 am

Anirudh Sethi

European Central Bank speakers coming up on Friday – Centeno, Nagel, Schnabel, De Cos

13-May-22 05:44 am

Analysis

Anirudh Sethi

Positive correlation between dollar index and tightening financial conditions In March 2020 panic .. now buy the dip lol

13-May-22 04:50 am

Analysis

Anirudh Sethi

Shanghai weekly containership exits

13-May-22 04:38 am

Analysis

Anirudh Sethi

Recent data suggest activities at the Shanghai port have decreased by 60% compared to March.. congestion is worsening

Nasdaq erases declines. Closes marginally higher. Dow and S&P close lower

13-May-22 04:35 am

Anirudh Sethi

Nasdaq erases a decline of -2.25%. The Dow was down as much at 605 points at the session lows

Well.. the Nasdaq closed higher.

After trading down as much at -255.47 points or -2.25% at session lows, the Nasdaq rallied into the close and eked out a gain of 6.72 points or 0.06%.

The Dow and S&P could not make it back into positive territory but erased large declines.

The Dow industrial average was down -605.89 points or -1.9% at its session lows
S&P was down -76.38 points or -1.94% at its lows

The final numbers are showing:

Dow industrial average -103.83 points or -0.33% at 31730.29
S&P index -5.10 points or -0.13% at 3930.09
NASDAQ index up 6.72 points or 0.06% at 11370.95
Russell 2000+21.23 points or 1.24% at 1739.38

The major indices are still lower for the week and working on their 6 consecutive weekly decline for the S&P and NASDAQ (with one more day of trading). The Dow is on pace for its 7th consecutive week decline.

From the all-time highs: