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Sevens Report Co-editor Tyler Richey was quoted in MarketWatch on September 10, 2020

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Tyler Richey Co-editor at Sevens Report Quoted in MarketWatch on August 31, 2020

“The uptrend has clearly lost momentum since the early stages of the Q2 rebound.” However, “the path of least resistance is still higher right…” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Tyler Richey

Tyler Richey Co-editor at Sevens Report Quoted in MarketWatch on August 26, 2020

“Historically, good economic data is negative for gold but in this case, real interest rates declined in the wake of the release, as rising…” Tyler Richey, co-editor at Sevens Report Research, told MarketWatch. Click here to read the full article.

Gold

Sevens Report Co-editor Tyler Richey Quoted in MarketWatch on July 23, 2020

“Oil has shown resilience this week” with WTI prices just shy of multi-month highs thanks, in part, to “optimism that a COVID-19 vaccine will eventually help the global economy normalize…” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Sevens Report Co-editor Tyler Richey Quoted in MarketWatch on July 10, 2020

Tyler Richey, co-editor of Sevens Report Research, said oil prices did get a boost after Gilead Sciences Inc. GILD, 1.97% said clinical trial data show its antiviral drug remdesivir reduced the risk of death for coronavirus patients by 62%. The news also provided support to the U.S. stock market. “Oil futures have been trading with a high degree of correlation…” said Richey. Click here to read the full article.

Sevens Report Co-editor Tyler Richey Quoted in MarketWatch on June 30, 2020

“The second quarter will not soon be forgotten by energy traders given that WTI crude oil futures plunged into negative territory for the first time in history, and decidedly so, in the month of April…” said Tyler Richey, co-editor at Sevens Report Research. That was “due to logistics issues in the physical supply chain, most notably a critical lack of available storage for freshly lifted crude barrels in the U.S.” On April 20, WTI oil futures fell 306% to settle at negative $37.63. Click here to read the full article.

Sevens Report Co-Editor Tyler Richey Quoted in MarketWatch on June 15, 2020

“Looking ahead, we expect some consolidation in oil prices here as economic data has been largely better than feared, while the future remains very uncertain regarding the prospects of a ‘second wave’ that could cripple the energy supply…” said Tyler Richey, co-editor at Sevens Report Research.

Oil Pipe line

Sevens Report Co-Editor Tyler Richey Quoted in Seeking Alpha on May 19, 2020

Futures prices traded in contango last month, when the May contract settled negative ahead of its expiration, but the move into backwardation “shows that there is both strong demand for physical crude…” says Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Oil rig

Sevens Report Co-editor Tyler Richey Quoted in MarketWatch on May 19, 2020

Futures prices traded in contango last month, when the May contract settled at a negative price on April 20, a day ahead of its expiration. “There was limited refinery demand and clearly…” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Sevens Report Co-Editor Tyler Richey Quoted in MarketWatch on April 30, 2020

Traders moved to “square their books into the end of the month,” said Tyler Richey, co-editor at Sevens Report Research.

Gold “bulls will want to see stable interest rates and renewed recovery in inflation expectations” in order for a rally in gold to continue…” and gave some traders an excuse to book profits into month end. Click here to read the full article.