Cape Breton Eagles seek new head coach
Louis Robitaille is leaving for a position in Russia. As Anna Rak reports, management is looking for someone to win and connect with the community.
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Crude Pops on Geopolitical Fears Despite OPEC Hike
WTI Crude Oil Futures (July Future) Friday's Settlement: 60.79, down -0.15 [0.25%] for the day, down -0.74 [-1.20%] for the week Today, WTI Crude Oil is sharply higher by +2.83 [+4.64%] to 63.62 Over the weekend, OPEC raised production by +411k bpd. Last week, it was reported and talked about on CNBC that OPEC would not be raising production. The production hikes came with objections from other countries, including Russia, which jeopardizes future output hikes. The jump in crude oil is mainly due to flare-ups in geopolitical tensions and Ukrainian strikes deep within Russian territory. Over the weekend, Ukraine destroyed a key part of Russia's nuclear bombing fleet. A report regarding Iran's enriched nuclear stockpiles and Canadian wildfires has also aided in pushing crude higher this morning. Data Releases: N/A Technical Analysis: WTI Crude Oil futures settled on Friday just below our key support level of 61.00***. The Sunday night gap higher has moved futures into our key resistance level of 63.11-63.56***. Geopolitical risk is driving futures sharply higher this morning after OPEC+ moved ahead with the accelerated +411k bpd hike. Flows at the US open will be important to watch as futures could push up towards our key longer-term pivot-pocket of Want to stay informed about energy markets? Subscribe to our daily Energy Update for essential insights into Crude Oil and more. Get expert technical analysis, proprietary trading levels, and actionable market biases delivered straight to your inbox. Sign up now for free futures market research from Blue Line Futures! SIGN UP FOR 2-WEEKS OF FREE RESEARCH Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. Blue Line Futures is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition. With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@ or call us at 312- 278-0500 Performance Disclaimer Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
