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Re: Oil 10 (Sep 16 - Dec 17)
Posted:
Mon Mar 12, 2018 10:07 amby winston
Oil: 62.04, +1.92.
After breaking below the 50 day MA, Oil rebounded, but still in a lateral move along the 50 day MA the past four weeks.
Re: Oil 10 (Sep 16 - Dec 17)
Posted:
Wed Mar 14, 2018 9:29 amby winston
Hedge funds start shorting oil again
Last week, hedge funds and other money managers increased their short bets on oil futures by the most this year, perhaps an indication that investors are not convinced that oil prices will hold at current levels.
The surge in U.S. shale production, which has forced forecasters to continuously revise up their expectations, is starting to weigh on sentiment.
“The market’s entire focus is on these just amazing production numbers,” Bill O’Grady, chief market strategist at Confluence Investment Management, told Bloomberg.
For the week ending on March 6, hedge funds and other money managers slashed their net-long position by 4.3%, which was largely the result of the 15% increase in short bets.
Source: Oil Price Intelligence
Re: Oil 10 (Sep 16 - Dec 17)
Posted:
Fri Mar 16, 2018 9:30 amby behappyalways
US shale to propel oil production growth beyond rising demand, admits Opec
https://www.telegraph.co.uk/business/20 ... nd-admits/
Re: Oil 10 (Sep 16 - Dec 17)
Posted:
Mon Mar 19, 2018 8:39 amby winston
Oil: 62.41, +1.22.
Still in the lateral move that started with the February selling.
Re: Oil 10 (Sep 16 - Dec 17)
Posted:
Mon Mar 26, 2018 8:26 amby winston
Oil: 65.88, +1.58.
Surging upside and now putting the moves on the January peak at 66.66.
Re: Oil 10 (Sep 16 - Dec 17)
Posted:
Mon Apr 02, 2018 3:34 pmby winston
Oil: 64.94, +0.56. Setting up a handle to a 2 month cup, forming up right
below the January peak.
Re: Oil 10 (Sep 16 - Dec 17)
Posted:
Mon Apr 02, 2018 3:34 pmby winston
Oil: 64.94, +0.56. Setting up a handle to a 2 month cup, forming up right
below the January peak.
Re: Oil 10 (Sep 16 - Dec 17)
Posted:
Mon Apr 09, 2018 9:47 amby winston
Oil: 62.06, -1.48.
After bumping the January high two weeks back, oil has faded and now is fighting to hold the 50 day MA.
Source: Investment House
Re: Oil 10 (Sep 16 - Dec 17)
Posted:
Mon Apr 16, 2018 10:25 amby winston
Oil: 67.39, +0.32.
Nice break higher off the 50 day MA to a higher high, moving past the last January peak.
Source: Invesment House
Re: Oil 10 (Sep 16 - Dec 17)
Posted:
Sat Apr 21, 2018 9:03 pmby behappyalways
OPEC Can Live With Tweets So Long as Venezuela Gets Worse
https://www.bloomberg.com/gadfly/articl ... gets-worse