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Energy & Commodities

Crude Oil: The Hidden Order Exposed

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Posted by Martin Armstrong - Armstrong Economics

on Wednesday, 02 November 2016 07:52

Crude-m-11-1-2016

Crude rallied during October reaching the $52 level. Yet for the close, it crashed and burned on the last day to AVOID a buy signal at $49.35 level. We bounced off the first Downtrend Line, which now stands at $51.86 for November. This is what I mean about the hidden order within markets. This has NOTHING to do with me making a great call or some personal opinion to pound my chest. There is something much more significant taking place in market activity. This is what our model simply allows you to see. The numbers are the numbers. It has nothing to do with me being personally right or wrong. The numbers will continue to be generated long after I am gone.

...continue reading HERE

....related:

BP And Shell Optimistic The Market Is Turning



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Energy & Commodities

BP And Shell Optimistic The Market Is Turning

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Posted by OIlPrice.com

on Wednesday, 02 November 2016 07:45

7397677f5a7af0c043c3a6d20f41ab71BP and Royal Dutch Shell reported their latest financial figures for the third quarter and both companies showed some improvement, a sign that the oil markets are starting to find their footing.

A few days ago, some of the other oil majors released third quarter earnings, revealing the ongoing damage being done to the balance sheets of even the largest oil companies. But BP and Shell offered some reasons for optimism for the industry.

....continue reading HERE

...related via ZeroHedge:

Let Crude Crash: US Oil Producers Are Hedging At Levels Not Seen Since 2007



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Energy & Commodities

Let Crude Crash: US Oil Producers Are Hedging At Levels Not Seen Since 2007

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Posted by ZeroHedge

on Friday, 28 October 2016 05:56

producer hedging 1 0As warned here one month ago after the farcical OPEC meeting in Algiers, the cartel's latest jawboning ploy to keep prices artificially higher - if only for one more month - is fast falling apart. Just a few hours ago, Bloomberg reporter Daniel Kruger penned the following assessment of the situation:

...read more HERE

...related:

Crude Oil - Herding Cats As Reality Sets In

 
 


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Energy & Commodities

Crude Oil - Herding Cats As Reality Sets In

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Posted by Andrew Hecht via Seeking Alpha

on Thursday, 27 October 2016 06:10

Free-Crude-Oil-Tips-700x525Summary

- Another meeting.

- Iraq balks and asks for an exemption.

- Processing spreads on their seasonal paths.

- Brent-WTI reflects U.S. inventory withdrawals.

- The $50 pivot point until November 30.

Crude oil traded to just below $40 per barrel in early August, but it recovered as news of another attempt by OPEC and the Russians to stabilize the price of the energy commodity filtered through the market during the late summer. That news brought little but a dubious response from the global oil market. The Doha get-together earlier in the year resulted in nothing more than placing a bright spotlight on the tensions between Saudi Arabia and Iran when it came to the cartel's strategy and policies for the future.

....read more HERE

 

......also Michael's Mid-Week Update: Vancouver's Hot Real Estate Market Not Finished Yet!



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Energy & Commodities

Todd Market Forecast: Turns Bearish Crude Oil

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Posted by Stephen Todd - Todd Market Forecast

on Wednesday, 26 October 2016 15:02

Wednesday October 26, 2016-  3:00pm Pacific (MT Ed: Stephen went bearish crude Oct 25th after gaining $10 being bullish from August 3)

DOW + 30 on 850 net declines

NASDAQ COMP - 33 on 1000 net declines

SHORT TERM TREND Bullish

INTERMEDIATE TERM TREND Bullish

STOCKS: Apple reported its first annual revenue decline in 15 years and led the stock market lower. Boeing helped buoy the Dow by rising over 4% on higher guidance.

Oil prices dragged the overall market lower even though inventories showed a drawdown.

GOLD: Gold was down $7. The Wall Street Journal said that rate concerns were responsible for the decline. In other words, they don't have a clue. Sometimes it's just more buyers than sellers. It certainly wasn't the dollar.

CHART We're somewhat encouraged that the Philadelphia Semi conductor index has been outperforming the Dow. When this happens, it shows that investors still have animal spirits. These are riskier than average stocks.

Screen Shot 2016-10-26 at 3.00.44 PM

BOTTOM LINE:  (Trading)

Our intermediate term system is on a buy.



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