103094583
liked
$Crude Oil Futures(JUL4)(CLmain.US$ U.S. crude oil futures closed above $83/bbl in New York for the ninth straight weekly increase, the longest such winning streak since at least 1983, as rising consumption increasingly races ahead of supply.
WTI crude for December delivery closed +1.5% to settle at $83.76/bbl, and December Brent crude finished +1.1% at $85.53/bbl.
The front-month WTI contract jumped 2.6% for the week, while Brent posted a 0.9% weekly increase, but it was the ninth straight winning week for both benchmarks.
ETFs: USO, UCO, SCO, BNO, DBO, USL
Oil and gas sector stocks $Energy Select Sector SPDR Fund(XLE.US$ also rose again for the week, +0.9%.
Global oil inventory levels "remain tight as demand growth remains firm but production growth lags," IHS Markit analyst Marshall Steeves says.
The oil market is "correctly pricing very tight conditions, and conditions that will get tighter," BNP Paribas' David Martin says. "We're going to draw stocks this quarter and next."
Stockpiles at the Cushing storage hub, the biggest such facility in the U.S., are draining to critically low levels that could push crude prices even higher.
The week's five biggest gainers in energy and natural resources: $Permian Basin Royalty Trust(PBT.US$ +35.7%, $Natural Resource(NRP.US$ +22.2%, $CN Energy(CNEY.US$ +21.9%, $San Juan Basin Royalty Trust(SJT.US$ +20.3%, $Berry Corp (bry)(BRY.US$ +19.3%.
The week's five biggest decliners in energy and natural resources: $Altus Midstream Co(ALTM.US$ -22.7%, $DNOW Inc(DNOW.US$ -16.6%, $NACCO Industries(NC.US$ -15.9%, $Kaiser Aluminum(KALU.US$ -14.8%, $HighPeak Energy(HPK.US$ -14.5%.
WTI crude for December delivery closed +1.5% to settle at $83.76/bbl, and December Brent crude finished +1.1% at $85.53/bbl.
The front-month WTI contract jumped 2.6% for the week, while Brent posted a 0.9% weekly increase, but it was the ninth straight winning week for both benchmarks.
ETFs: USO, UCO, SCO, BNO, DBO, USL
Oil and gas sector stocks $Energy Select Sector SPDR Fund(XLE.US$ also rose again for the week, +0.9%.
Global oil inventory levels "remain tight as demand growth remains firm but production growth lags," IHS Markit analyst Marshall Steeves says.
The oil market is "correctly pricing very tight conditions, and conditions that will get tighter," BNP Paribas' David Martin says. "We're going to draw stocks this quarter and next."
Stockpiles at the Cushing storage hub, the biggest such facility in the U.S., are draining to critically low levels that could push crude prices even higher.
The week's five biggest gainers in energy and natural resources: $Permian Basin Royalty Trust(PBT.US$ +35.7%, $Natural Resource(NRP.US$ +22.2%, $CN Energy(CNEY.US$ +21.9%, $San Juan Basin Royalty Trust(SJT.US$ +20.3%, $Berry Corp (bry)(BRY.US$ +19.3%.
The week's five biggest decliners in energy and natural resources: $Altus Midstream Co(ALTM.US$ -22.7%, $DNOW Inc(DNOW.US$ -16.6%, $NACCO Industries(NC.US$ -15.9%, $Kaiser Aluminum(KALU.US$ -14.8%, $HighPeak Energy(HPK.US$ -14.5%.
8
3
103094583
liked
3
103094583
commented on and voted
Happy Monday mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes last week! (Nano caps are excluded.)
Upcoming Live
This week, @moo_Live will live stream the $Tesla(TSLA.US$ Q2 2021 Financial Results and $Apple(AAPL.US$ FY 21 Third Quarter Results in moo community for informational purposes. Follow @moo_Live and stay tuned!
Eve...
Upcoming Live
This week, @moo_Live will live stream the $Tesla(TSLA.US$ Q2 2021 Financial Results and $Apple(AAPL.US$ FY 21 Third Quarter Results in moo community for informational purposes. Follow @moo_Live and stay tuned!
Eve...
+6
89
31
103094583
commented on
The US financial market has been very active in the past 6 months. The major averages closed out a strong first half of 2021 and second quarter. For the first half of 2021, the $Dow Jones Industrial Average(.DJI.US$is up 12.7%, hovering about 1.7% below its all-time high. The $S&P 500 Index(.SPX.US$rallied 14.4% in the first half of 2021 and the $NASDAQ 100 Index(.NDX.US$gained 14.65%.
Here are top movers among the constituent stocks of the 3 indexes.
Top gainers and lossers - S&P 500
...
Here are top movers among the constituent stocks of the 3 indexes.
Top gainers and lossers - S&P 500
...
277
91
103094583
liked
ColumnsWhat Is Technical Analysis?
Technical analysis is the study of historical market data, including price and volume. Using insights from market psychology, behavioral economics, and quantitative analysis, technical analysts aim to use past performance to predict future market behavior. The two most common forms of technical analysis are chart patterns and technical (statistical) indicators.
How to Use Technical Analysis
The core principle underlying technical analysis is that the market price reflects all available information that could impact a market. As a result, there's no need to look at economic, fundamental, or new developments since they're already priced into a given security. Technical analysts generally believe that prices move in trends and history tends to repeat itself when it comes to the market's overall psychology. The two major types of technical analysis are chart patterns and technical (statistical) indicators.
Chart patterns are a subjective form of technical analysis where technicians attempt to identify areas of support and resistance on a chart by looking at specific patterns. These patterns, underpinned by psychological factors, are designed to predict where prices are headed, following a breakout or breakdown from a specific price point and time. For example, an ascending triangle chart pattern is a bullish chart pattern that shows a key area of resistance. A breakout from this resistance could le...
How to Use Technical Analysis
The core principle underlying technical analysis is that the market price reflects all available information that could impact a market. As a result, there's no need to look at economic, fundamental, or new developments since they're already priced into a given security. Technical analysts generally believe that prices move in trends and history tends to repeat itself when it comes to the market's overall psychology. The two major types of technical analysis are chart patterns and technical (statistical) indicators.
Chart patterns are a subjective form of technical analysis where technicians attempt to identify areas of support and resistance on a chart by looking at specific patterns. These patterns, underpinned by psychological factors, are designed to predict where prices are headed, following a breakout or breakdown from a specific price point and time. For example, an ascending triangle chart pattern is a bullish chart pattern that shows a key area of resistance. A breakout from this resistance could le...
166
3