Tag: Crude Oil
Oil Flood – Case for $15 Oil
Guest post by Brent Belote of Cayler Capital Russia broke the oil market! Russia and the Saudis have entered into a dangerous game of chicken with each other. Russia is determined to punish US Oil Producers while the Saudis are attempting to force OPEC+ back in line. To simplify, Russia would not comply with OPEC+ […]
Don’t Be Fooled by Oil Bull Talk
Written by: Bryen Deutsch The 200-day moving average is a widely held long-term trend indicator. Markets trading above the 200-day moving average have a tendency to be in longer term uptrends. Markets trading below the 200-day moving average tend to be in longer term downtrends. Last July, the US Dollar Index crossed above the 200 […]
Crude Bulls Running Out of Steam?
Crude bulls posted a new yearly high on Friday as WTI rocketed higher in the previous two sessions after Wednesday’s more bullish-than-expected DOE inventory release. More bullish?? Or less bearish might be more like it. Since making multi-year lows on March 18, WTI crude has seen a healthy 42% rebound. Likewise, Brent crude has rallied […]
Crude Oil: Potential Target in Focus
Crude oil bulls had a brilliant day on Thursday, with the oil complex posting strong gains. Brent crude finished at $64.83while WTI closed at $57.66. With the market sailing above the 100-day MA last week, a review of the continuation chart gives a perspective on what the bulls might be targeting in the longer term. […]
Nat Gas EIA Preview – 22 April 2015
It appears shoulder season is coming to an end in the natural gas markets. NOAA’s 6-10 and 8-14 forecasts are showing above normal temperatures for the western half of the nation. These temperatures have the chance of shifting east giving the US its first taste of summer. Shoulder season is a time during the spring […]
Energies: DOE Preview for Wednesday, 22 April 2015
Oil futures closed lower on Tuesday. June WTI finished the day down $1.26 at $56.62 a barrel while June Brent settled at $62.08 down $1.37 on the day. After being up each day last week and making new highs for the year, oil has been consolidating these gains early this week due to a lack […]