Energy Market Starts Strong Political Strife to continue in 2018 Crude testing resistance at $62.58- 2015 high Natural gas ends year with 21% rally – attractive entry at $2.75 May your heart be filled with cheer, your mind be filled with joy, and your days filled with happiness. May your ventures be prosperous, your blessings be many, and … [Read more...] about Energy Markets Start Strong
Crude Oil
Energy Markets Test Limits: US Natural Gas Rallies as Crude Oil Collapses
Crude Oil weak collapses creating a buying opportunity to buy at $45-47 Natural Gas tests $3.00 resistance as heads into injection season Government bond prices continue to collapse as global growth constrained by political uncertainty US Debt Ceiling – 3/15 Netherlands Parl. Elections – 3/15 French Pres Elections - 4/23 & 5/ 7 Iran Pres Elections - … [Read more...] about Energy Markets Test Limits: US Natural Gas Rallies as Crude Oil Collapses
OPEC Jolts Market as Liquidity Tightens
The monkey remains at work distracting us with the drama of the 2016 US elections meanwhile liquidity tightens as debt problems lurk and turmoil continues in the Middle East. The Sunday, December 4 Italian constitutional referendum has the potential to make a real impact to our financial markets by intensifying political uncertainty in Europe. While the shock of a Trump … [Read more...] about OPEC Jolts Market as Liquidity Tightens
Energy Markets End Weak – Bond Market Warns of Higher Rates
The monkey continues to test investor theories and convictions as the markets gyrate setting up for major shifts. Energy markets closed October in a weak posture with WTI failing to close the month above the critical level of $50.00 and US Natural Gas closing below $3.00. While the constant stream of US election drama dominates the US press global turmoil intensifies sending … [Read more...] about Energy Markets End Weak – Bond Market Warns of Higher Rates
Crude Oil Rally Catches the Markets Short
WTI Crude Oil is in the midst of an impressive rally which could propel oil up to $57-60. The $50-51 provides resistance so we could see a temporary pull back yet momentum remains strong. WTI ended the week at $48.52 up 9% and has rallied 24% since its last low on August 3 at $39.19 driven by short covering. While shorts have been forced to cover, managed money remains … [Read more...] about Crude Oil Rally Catches the Markets Short