Category: Price

3 Reasons Why This Week’s Oil Price Rally Is a Dead Cat Bounce
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3 Reasons Why This Week’s Oil Price Rally Is a Dead Cat Bounce

Oil prices climbed above $40 earlier this week, raising hopes that a recovery was underway.Several factors have conspired to keep oil demand and prices low, despite the best efforts of OPEC.Until the global economic climate improves, sustained growth in oil demand will remain a mirage.Oil prices have rallied this week. Since re-printing June’s lows this…

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The Bitcoin Price Just Shattered a New All-Time High – Just Not the One You Think
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The Bitcoin Price Just Shattered a New All-Time High – Just Not the One You Think

Bitcoin’s spot price briefly surpassed $10,000 early this week. Its one-year average price just crossed $9,500, a new all-time high. The largest cryptocurrency is up 37% year-to-date. As bitcoin’s price grinds toward $10,000, its performance over a much longer timescale reached a significant milestone this month. BTC’s One-Year Average Price While most traders focus on…

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Xbox Series X Price Predictions Are Starting to Get Absurd
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Xbox Series X Price Predictions Are Starting to Get Absurd

Industry analyst Michael Pachter predicts a $400 Xbox Series X price. He completely forgets that a cheaper Xbox is coming. How does Pachter still have a job? Everyone is left wondering about the Xbox Series X and PlayStation 5’s price point. With coronavirus, potential delays, and the generally high price of hardware, many expect prices…

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Oil Price Could Crash to Negative $100 Next Month. Here are 3 Reasons Why

Oil prices could dive deeper into negative territory next month. The global economy will contract this year, further dampening demand. Angela Merkel has warned that the novel coronavirus is not going away soon. Oil prices reached uncharted territory earlier this week by falling to sub-zero levels. With consumption not expected to improve anytime soon, they…

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