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Energy & Commodities

Basic Materials : Real Stuff is Rising

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Posted by Rambus Chartology

on Friday, 27 January 2017 06:06

Tonight I would like to update the Basic Materials sector as this area now looks like it’s ready to resume its bull market. Also with the stock markets breaking out today, especially the INDU, this adds another layer of confirmation that the breakout is the real deal. As we’ve discussed previously there are many big cap Dow stocks that make up the XLB, Basic Materials fund, and with the INDU making a new all time high today there will be some individual components making new all time highs as well.

Lets start by looking at a weekly chart for the XLB, Basic Materials fund, that is breaking out of a bullish rising flag this week. This bull flag has been building out since last spring and now the price action is trading into new all time highs. There was a conventional  bull flag that formed between 2015 and 2016 that sloped down. 

That down sloping black flag started to form after the 7 point bearish rising wedge completed.

xlb-week-1

 

...continue reading HERE



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Energy & Commodities

It Might Be Time to Grab the Commodities Bull by the Horns

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Posted by Frank Holmes - US Global Investors

on Thursday, 26 January 2017 08:24

bullriding

Commodity investors have had to endure a dry spell for a while now, but those days are starting to look as if they might be behind us. We see encouraging signs that a bottom has been reached and a new commodities super-cycle has begun, as global manufacturing expansion and inflation are finally gathering steam following the financial crisis more than eight years ago.

As a group, commodities had their first positive year since 2010, ending 2016 up more than 11 percent, as measured by the Bloomberg Commodity Index.

commodities end positively for the first time in six years
click to enlarge

A large percentage of this growth occurred in the days following the U.S. election, suggesting the reflation trade is officially in motion, which should be supported in the coming weeks and months by President Donald Trump’s pro-growth policies.

Just this week, Trump signed executive orders to proceed with the controversial Keystone XL and Dakota Access pipelines, emphasizing that the steel to be used in their construction will be American-made. Following the announcement, stock in energy infrastructure company TransCanada, which is expected to resubmit plans for the pipeline after it was rejected by the Obama administration, immediately hit a new high, while shares of several steel companies traded up.

Between Election Day and Inauguration Day, the commodities index rose 5.4 percent, with double-digit growth in crude oil (up 17.1 percent), copper (10.5 percent) and iron ore (17.7 percent).



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Energy & Commodities

The Top 10 Reasons Investors Should Look at Cobalt

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Posted by Visual Capitalist

on Monday, 23 January 2017 14:00

Screen Shot 2017-01-23 at 12.43.16 PM

Every once in a while a previously underappreciated metal rises to prominence.

It may be cobalt's time to be that metal.

Cobalt is powering the green economy, and by 2020, 75% of all li-ion batteries will have cobalt in them.

....continue reading & viewing HERE

....also from Visual Capitalist:

Black Swans: 9 Recent Events That Changed Finance Forever



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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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