• TAC - The Arnold Companies
The Arnolds Companies

Markets Managed Strong Recovery Rally

Wednesday, Jan 9 2019
Market Talk

An end to the bear market? In the 10 trading sessions since the Christmas eve meltdown, energy and equity markets have managed a strong recovery rally, ending (many) calls of an extended bear market. Energy futures punched through their November support/January resistance overnight and are currently set up with plenty of room to run to the upside.

While the technical outlook is positive short term, there are still some fundamental hurdles to clear if this run – which for crude oil is in its 8th consecutive trading day – is going to continue.

Tuesday’s API report was said to show large refined product builds of 5.5 million barrels of gasoline, and 10 million barrels of distillates, while crude oil stocks fell by 6.1 million barrels. Those large product builds are in line with what we saw from the DOE report last week, and based the strong rally in futures overnight, it seems traders aren’t expecting a similar build in this morning’s report.

Speaking of the DOE, the EIA continues to take advantage of its fully-funded status during the government shutdown, publishing a note this morning detailing how global energy demand growth is driven by emerging economies in Asia and Africa.

CLICK HERE for a PDF of today's charts

TAC - The Arnold CompaniesTACenergyTAC AirKeystone Aviation

Latest Posts

News Update: New Senior Vice President and Chief Financial Officer
The Crescent® Renews and Expands Leases Totaling 48,856 Square Feet
Keystone Aviation Renews WYVERN Wingman Certification
TAC Air and The Wall Street Journal Launch Digital Newspaper Distribution for Business Aviation Executives


Latest Posts


The Arnold Companies
  • About
  • News & Views
  • Social Media
  • Careers
  • Contact Us
  • Sitemap
  • Supply
  • Customer Login
  • Apply For Credit
  • Market Talk Updates
  • Contacts
  • Blog
  • Social Media
Find Your Next Great Role With TAC.
Explore Careers
  • Privacy Policy
  • Terms of Use
  • Employee Login
TAC - The Arnold Companies © 2021. All Rights Reserved.