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Energy & Commodities

Divergence Between Oil and Oil Stocks Signals Decline in Oil-Related ETF's

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Posted by Jack Chan via Streetwise Reports

on Friday, 20 January 2017 09:35

Technical analyst Jack Chan reports the energy sector cycle is down and a multiweek correction is in progress, and discusses what that means.

Chan5-16-16-1

Our proprietary energy cycle indicator turned down last week from the divergence as noted previously



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Energy & Commodities

Oil Trading Alert: Time for Drop below $50?

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Posted by Nadia Simmons - Sunshine Profits

on Thursday, 19 January 2017 06:42

Sent to subscribers on January 19, 2017, 7:11 AM.

Trading position (short-term; our opinion): Short positions (with a stop-loss order at $56.45 and an initial downside target at $45.81) are justified from the risk/reward perspective.

On Wednesday, crude oil lost 2.57% after the head of the IEA warned of a significant increase in U.S. shale output as OPEC and non-OPEC producers cut output. This news negatively affected the investors’ sentiment and pushed the black gold under important support levels. What does it mean for light crude?

Let’s examine the charts below to find out (charts courtesy of http://stockcharts.com).

2017-01-19-wtic-W-1

Yesterday, we wrote the following:



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Energy & Commodities

Crude Oil - Maxed Out & On The Brink of a Significant Move

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Posted by JR Crooks - Uncommon Wisdom

on Monday, 16 January 2017 08:22

oil1 BTBIf You Make a Grand Shorting Oil, It's on Me!

Free.

And sufficiently timely, yes.

That's what today's idea is. Just remember, when you jump on today's trade idea and make a grand, this one's on me.

I've already begun preparing my paid subscribers with exact trade recommendations. But you can still act on this idea, because it is driven by key indicators that have performed well in the last 12 months.

The idea is that crude oil's climb has maxed out.

Forever? Nah.

For the month? Likely.

For the year? Perhaps.

Basically, as I've been telling my paid subscribers for several weeks now, things are coming together in the crude oil market.

Unfortunately, they are converging to disappoint the bulls ... at least for the time being.

I could make the case, technically, for crude oil to rise to around $60 per barrel before its fortunes turn sour in a negative feedback loop sort of way.

But things like sentiment surrounding the OPEC agreement, wave and Fibonacci analysis as well as speculators' net long positioning all seem to suggest one thing.



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Energy & Commodities

These New Numbers Suggest A Big Year Coming In This Oil Sub-Sector

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Posted by Pierce Points

on Friday, 13 January 2017 08:09

Here's one of the most important charts we might see in oil and gas this year. New this week from industry watchdog Wood Mackenzie -- showing how many offshore petroleum projects will likely see final investment decisions (FIDs) during 2017.

oilgas

Wood Mackenzie sees a major surge coming this year in investment decisions on offshore oil and gas projects

There are a few important things to note here. First, approvals of new petroleum projects were running strong between 2007 and 2014 -- with the blue bar on the left showing how FIDs during this period averaged 40 projects per year.



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Energy & Commodities

Gold’s fate as Western society cracks apart …

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Posted by Larry Edelson - Money & Markets

on Wednesday, 11 January 2017 08:24

Screen Shot 2017-01-11 at 7.12.25 AMLarry here, with an important message. Right now, gold is still caught in a trading range, but with a long-term bias toward exploding higher over the next few years to at least $5,000 an ounce.

In other words, gold is in the pressure-cooker right now, and once it blasts off, there may be no turning back.

I have another important warning for you: If you think gold’s next major move higher will be due to inflation, think again: Gold’s next leg higher will be primarily caused by Western society tearing itself apart at the seams.

Not because of inflation. Not because of a collapse in the U.S. dollar, which one well-known — but almost always wrong — analyst keeps predicting.

Just consider all the spying that’s going on which has increased, not decreased. If you haven’t already, go see the excellent documentary “Snowden.”

Where you’ll learn of how our government has a dragnet and has intruded into the privacy of not just every American citizen via electronic devices, but every individual in the world via computers and cell phones. And yes, even heads of state.

Or the moves by many developed countries to go to a digital currency. Or the many countries that are now implementing various capital controls.

Or the high-level cyber-espionage now happening.

Or, Obamacare, a disaster of epic proportions.

Then there are the new moves, behind closed doors in Washington, to make depositors in U.S. banks creditors of the bank, meaning if the bank goes under, a certain amount of your deposits is at risk of substantial loss, as if you were a shareholder in the bank.



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