NYSE Market News

AIG shares (NYSE:AIG) have gone bearish since the beginning of the year 2016. This bearish journey is supposed to continue for the rest of this year. The price is currently below the EMA 26, and the Williams’ % Range period 20 is sloping towards the overbought territory, which simply means a rally in the context […]

Alibaba stock (NYSE:BABA) has been making some bullish effort recently, which has given hope beyond a reasonable doubt that the bias for this year would be bullish. The stock made some bullish attempt last year, but started coming down this year. At the lower Trendline, further bearish movement was rejected in February 2016, and since […]

Exxon Mobil stock (NYSE:XOM) has been making some noteworthy effort to trend upward this year, though the last two months of the year 2015 were bleak. Since January 2016, the price has been trying to go north – slowly and gradually. The ADX period 14 is below the level 20, showing a lack of momentum […]

Bank of America stock (NYSE:BAC) has been coming down significantly in the past few months, going further and further south. This is a trend that is expected to continue this year. After consolidating in the months of November and December 2015, the price went below the lower Trendline at the beginning of the year 2016. […]

I am writing this from South Carolina where, in three days, on 20 February, Republicans will vote in their presidential primary. According to the latest polls, Donald Trump is leader his closest rivals by 12 points. The problem is that polls are not votes so, in a few days, we shall see what the actual […]

In Salah Gas, a joint venture between Sonatrach, BP and Statoil today announced the start-up of its Southern Fields project. The project is the latest stage in the development of seven gas fields in central Algeria. The In Salah Gas joint venture commenced production in 2004 from three fields in the north of the area: […]

To extend licence and develop second phase of major Khazzan gas field BP and Oman Oil have signed a heads of agreement with the Government of the Sultanate of Oman committing to amend the Oman Block 61 exploration and production sharing agreement (EPSA), extending the licence area of the block and enabling a further development […]

Twitter shares (NYSE:TWTR) are in a major downtrend, which has been going on for months. Long trades are currently suicidal in this market as we shall see. The price has gone below the lower Trendline and the RSI period 14 is far below the level 50, even around the oversold region. This means the bearish […]

BP has reported its results for the full year and fourth quarter of 2015. Underlying replacement cost profit for BP’s full year was $5.9 billion, compared with $12.1 billion reported for 2014, down 51%. The underlying result for the fourth quarter was $196 million compared with $2.2 billion for the fourth quarter of 2014. Underlying […]

What has changed? BP today announced the appointment of Lamar McKay to the new position of Deputy Group Chief Executive. McKay, currently chief executive of BP’s Upstream segment and a 35-year veteran of BP, will be based in London and take up the role following a suitable handover period. McKay will be succeeded as Upstream […]