Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

WTI extends the advance to $ 51.50, EIA report eyed

Oil futures on NYMEX extends its rebound for the second straight session, now printing fresh four-week tops near the mid-point of 51 handle.

The black gold is on a roll higher, as the bulls cheer fresh signs of tightening supplies, after the US API inventory report showed a drawdown in the stockpiles. The US crude stocks fell by 1.8 million barrels last week to 533.7 million, API data showed.

Moreover, looming supply disruption concerns in Libya combined with supply outage in the United Kingdom's North Sea added to renewed hopes of tighter markets, boosting the commodity to the highest levels since March 8.

Attention now turns towards the US ADP jobs data and FOMC minutes for fresh impetus on the USD-sensitive oil. Also, the US EIA inventory figures due to be published in the NA session will throw fresh light on the supply-side scenario, having major impact on the prices.

WTI technical levels 

A break above $ 52 (100-DMA) could yield a test of $ 52.92 (March 8 tops) beyond which $ 53.50 (psychological levels) could be tested. While a breach of $ 51 mark would expose Classic and Fib S1 at $ 50.20, below which downside opens up for a test of $ 49.58 (200-DMA).

Sweden Industrial Production (MoM) dipped from previous 2% to 0.2% in February

Sweden Industrial Production (MoM) dipped from previous 2% to 0.2% in February
Read more Previous

Sweden Industrial Production (YoY) up to 4.1% in February from previous 1.3%

Sweden Industrial Production (YoY) up to 4.1% in February from previous 1.3%
Read more Next