Oil news: US energy-related high yield bond spread hits highest since 2016 The US energy-related high yield bond spread has widened to 826 basis points, the highest level since 2016, Jeroen Blokland, Portfolio Manager for the Robeco Multi-Asset funds, Robeco ONE and Robeco Pension Return Portfolio, tweeted on Monday. Back then, spreads had risen amid the sell-off in oil prices. The black gold had dropped below $30 in early 2016. Read more… Crude Oil (WTI) Intraday: consolidation in place Pivot (invalidation): 58.15 Our preference Short positions below 58.15 with targets at 57.65 & 57.35 in extension. Alternative scenario Above 58.15 look for further upside with 58.65 & 59.20 as targets. Comment As long as 58.15 is resistance, expect a return to 57.65. Read more… WTI stuck in range around $58 despite trade optimism WTI (oil futures on NYMEX) posts small gains near $ 58 mark in the European session this Monday, lacking a clear directional bias despite improved risk appetite on fresh US-China trade optimism. However, the sentiment around the black gold remains somewhat underpinned by the fresh hopes of a US-China trade deal following the recent upbeat comments from the US and China while Beijing’s gesture to raise the penalties on the Intellectual Properties (IP) theft also rekindled expectations of a trade truce. Read more… WTI Levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Technical Analysis: Euro starts the week on the back foot, approaching the 1.1000 handle FX Street 3 years Oil news: US energy-related high yield bond spread hits highest since 2016 The US energy-related high yield bond spread has widened to 826 basis points, the highest level since 2016, Jeroen Blokland, Portfolio Manager for the Robeco Multi-Asset funds, Robeco ONE and Robeco Pension Return Portfolio, tweeted on Monday. Back then, spreads had risen amid the sell-off in oil prices. The black gold had dropped below $30 in early 2016. Read more... Crude Oil (WTI) Intraday: consolidation in place Pivot (invalidation): 58.15 Our preference Short positions below 58.15 with targets at 57.65 & 57.35 in extension. Alternative… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
