U.S. Crude oil prices rose for a sixth straight session yesterday, which marks the longest daily rally since July 2017. U.S. Crude oil futures (/CL) had reached an intraday high of $49.79, after it was reported that Saudi Arabia was planning to make new cuts to its crude oil exports. U.S. Natural Gas futures (/NG) fell to their lowest level in almost four months. Warmer than average temperatures and a bearish report on the amount of natural gas in storage has weighed on the market. February Natural gas futures lost 3.3% on Monday, to close at $2.949.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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