Volatility abounds as the year of the rabbit brings unforeseen moves. The banking crisis has caused a strong sell-off in energy markets testing support. There are so many events unfolding: the war in Ukraine, the energy crisis, rising interest rates, the collapse of the European economy, and numerous political allegations from Trump to Biden. Bank losses from long duration … [Read more...] about 2023 Bank Run – The Chase Begins
Macro
Battle of the Tiger
Battle rages between Recession Fears and Supply Side Shortages $200 Oil on Track WTI remains bullish long-term supported by strong fundamentalsWTI on track for $200 next year, Potential to retest $85 support Temporary Weakness (Support at $85/bbl followed by $77) Caused byIEA members release strategic reserves providing 1mbdpResurgence of Covid lockdowns in … [Read more...] about Battle of the Tiger
Energy Markets Explode to the Upside
Commodity Cycle Emerging
Energy Bull Market signaled by muted E&P investment outlook supported and price action Crude oil and natural gas prices have broken above long-term downward trend lines and are now back testing this support. Oil support at $ 58-60/bbl technical resistance at $77/bbl Natural gas support … [Read more...] about Commodity Cycle Emerging
2019 Year of the Boar
Volatility continues to contract as European and Chinese economies respond to rising rates and high leverageWar intensifies in the Middle EastCrude Markets and US Equity Markets end 2018 bearish, March Low or High? Natural Gas remains bullish supported by LNG Exports 2 … [Read more...] about 2019 Year of the Boar