• 6 minutes Can the World Survive without Saudi Oil?
  • 10 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 15 minutes Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 2 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 5 hours Saudis Pull Hyperloop Funding As Branson Temporarily Cuts Ties With The Kingdom
  • 1 hour WTI @ $75.75, headed for $64 - 67
  • 12 hours Judge Approves SEC Settlement With Tesla, Musk
  • 7 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 7 hours UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
  • 10 hours EU to Splash Billions on Battery Factories
  • 7 hours China Thirsty for Canadian Crude
  • 9 hours Iranian Sanctions - What Are The Facts?
  • 12 hours Gold price on a rise...
  • 12 hours Porsche Says That it ‘Enters the Electric Era With The New Taycan’
  • 8 hours Two Koreas: U.N. Command Wrap Up First Talks On Disarming Border
  • 7 hours Shell, partners approve huge $31 billion LNG Canada project. How long till Canadian Federal government Environmentalates it into the ground?
Martin Tillier

Martin Tillier

More Info

Trending Discussions

Weak Dollar Limits Downside For Crude Oil

Oil

Over the last few month, the U.S. dollar index, after gaining ground to record highs immediately following the election, has been in a sustained decline since the end of last year, and is now at two and a half year lows. Some would have you believe that that is not a major influence on certain markets, particularly domestic energy markets such as WTI and natural gas, but they are, to put it simply, wrong.

(Click to enlarge)

One of the biggest mistakes that those new to any market frequently make, is to become far too specific in their area of interest. If, for example, you decide that the energy markets are the most dynamic there are, with conflicting influences creating good two-way movement and therefore an opportunity for good trading profits I could not argue if you decided to concentrate your trading efforts there. Even if you get even more specific and restrict yourself to natural gas or oil futures trading, that is fine. If, however, in doing that you decide to ignore other markets you are making a mistake.

Traders in dealing rooms tend to have very specific areas of focus. I, for example, traded one currency pair in one time-period only, but when you see a picture of a trader at work they are always surrounded by screens. They have live price feeds and charts for a whole host of things other than those that they actually trade. But there are certain things that every trader, regardless of specialty, watches. The S&P 500, U.S. Treasury yields,…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News