Energy: July Crude finished the week near its lows giving up 1.7% Friday and 5% on the week. A great week for the bears but I expect next week to be a different story. I’ve advised traders to ...
Energy: Crude oil is down 3.2% this week and almost 13% in the last three weeks but I think we’re close to an inflection point. I am not calling a bottom as I think it possible we trade to ...
Energy: A $2.50 range in Crude yesterday with prices down just shy of 1%. A settlement below $94 is not bullish. Prices need to hold at these levels or I see a trade down to the next support at ...
Energy: Crude oil traded down by just better than 2% dragging prices to 4 ½ month lows with prices hitting my next support level; a 50% Fibonacci retracement at $94. If this level gives way, ...
Energy: Crude finished the week lower but the key to me was June held onto the $96 level heading into the weekend. Prices have gone from overbought to oversold in less than two weeks by shaving off ...
Energy: Crude closed lower yesterday, making it six days in a row but more so than that what I picked up yesterday was that selling was being rejected again. On average in the last three sessions, ...
Energy: With Crude oil collapsing over $10 in the last week we’ve gotten the correction I had anticipated. If readers remember, I was calling for $97.50 4-6 weeks ago. The next support level is ...
Energy: Inside day in Crude oil closing lower by nearly 1%. This is not bullish. At the close, back under the 40 day MA, in June at $105.25. Aggressive traders could initiate shorts again. It seems ...
Energy: Crude oil closed above the 40 day MA for the first time in three weeks approaching the $106 level in the June contract. I advised all shorts to get out on this move. The market should set a ...
My outlook for crude oil prices remains relatively unchanged since the beginning of 2012. Potential demand destruction brought on by persistently high oil prices should limit upside for oil prices. ...