Category: Crude Oil
The analysis published under this category are as follows.
Thursday, June 02, 2011
Bearish Digestion Period for Crude Oil / Commodities / Crude Oil
By: Mike_Paulenoff
My technicals keep warning me that crude oil hit a significant peak at $114.83 on May 2 and since then has embarked on a major correction that is only partially complete. In fact, all of the sideways, recovery action off of its May 6 corrective low at $94.63 represents a bearish rest-digestion period that should resolve itself to the downside in a plunge that projects to 90.00-86.00, and then to 80.00-78.00 thereafter.
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Wednesday, May 25, 2011
Investors Window of Opportunity For Big Crude Oil Profits / Commodities / Crude Oil
By: Money_Morning
Kent Moors, Ph.D. writes: The volatility in the oil market has notched up this week, courtesy of another bout with debt jitters in Europe. Oil and gasoline futures are moving down - and most of the energy sector along with them.
In a situation like the current European debt mess - where maximum uncertainty is channeled into a very focused concern - oil futures will generally overcompensate, exaggerating the downside.
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Tuesday, May 24, 2011
Oil and Copper Prices Reflect Euro-zone Woes and Slowing Conditions in China / Commodities / Crude Oil
By: Asha_Bangalore
Oil prices have largely maintained a downward trend since the recent peak on April 29 ($113.93) and they are trading roughly 3.0% below the Friday close of $99.49 (Chart 1 data points end on May 20) as of this writing. Copper prices also lost ground today from the $8,982 mark seen last Friday.
Monday, May 23, 2011
Bearish Outlook for Crude Oil / Commodities / Crude Oil
By: Mike_Paulenoff
Last Wednesday we told subscribers that the day's upmove in WTI crude oil futures from $95 to $101 was not the start of a new upleg. We noted that the pattern exhibited on the daily chart since the May 7 at $94.63 to Wednesday's high at $100.99 resembled a bear flag formation much more than a significant bottom. It had the look of a digestion-consolidation pattern in the lower quadrant of the larger downleg from May 2's $113.97.
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Tuesday, May 17, 2011
Three Reasons to Believe in Crude Oil $100 / Commodities / Crude Oil
By: Frank_Holmes
After selling off nearly 14 percent the previous week, oil prices finished last week slightly higher at $99.65 per barrel. While the end result was a net positive, the volatility continued. Oil prices per barrel reached $104, then fell to around $96, before nesting just below $100.
As an investor, this volatility can be difficult to handle. Throw in the uncertainty of today’s geopolitical environment, and investors feel the need to downsize their positions in commodity investments, such as oil.
Friday, May 13, 2011
Crude Oil Is Going Down And Will Bottom in November 2011 / Commodities / Crude Oil
By: Andrew_Butter
This is a continuation, after reflection, of an article posted last week which in turn was a reflection on an article posted two weeks ago, which said oil prices were likely to “reverse” sooner rather than later, (which turned out to have been pretty-much correct).
Friday, May 13, 2011
Crude Oil Slip Finds Temporary Support / Commodities / Crude Oil
By: Seven_Days_Ahead
In recent issues of the Commodity Specialist Guide we had been noting possible bull fatigue in Brent Crude Oil. A sharp sell-off found temporary support from a 38.2% pullback level, but failure here would herald a more prolonged correction phase.
Sunday, May 08, 2011
Speculation Does Not Explain High Crude Oil and Gasoline Prices? / Commodities / Crude Oil
By: Dian_L_Chu
WTI (West Texas Intermediate) Crude Oil futures traded at its lowest in almost two months in New York on Thursday, May 5 in its biggest selloff in two years, plunging 8.6% on the day to below the $100 mark (Fig. 1). Brent crude on ICE also dropped as much as $12.17, or 10%, which was the largest in percentage terms not seen since the Lehman Brothers financial crisis, and the largest ever in absolute terms, according to FT.
Friday, May 06, 2011
Crude Oil Prices Reverse: Where Next? / Commodities / Crude Oil
By: Andrew_Butter
Identifying bubbles is not (very) hard, what’s hard is predicting at what price and when they will pop. Two weeks ago I wrote an article titled “FAO Food Index Predicting a Reversal in Crude Oil Prices”.
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Saturday, April 30, 2011
FAO Food Index Predicting A Reversal In Crude Oil Prices? / Commodities / Crude Oil
By: Andrew_Butter
This is a chart of oil prices (Nominal-Brent-30 Day Moving Average) superimposed on the FAO Food Price Index (Nominal).
Friday, April 22, 2011
What's Behind the Crude Oil Spike to $112 and Why There's More to Come / Commodities / Crude Oil
By: Money_Morning
Kent Moors, Ph.D. writes:
Crude oil prices rose for the third straight day yesterday (Thursday) - with more of the same to come.
West Texas Intermediate (WTI) crude for June delivery rose to $111.50 a barrel on the New York Mercantile Exchange, and traded as high as $112.48, the highest intraday price since April 11. Crude prices are up by a full third so far this year.
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Wednesday, April 20, 2011
Crude Oil Price Battle of The Big Banks: Goldman v. BofA and Barclays / Commodities / Crude Oil
By: Dian_L_Chu
Continuing its downward shift from the week before, crude oil fell sharply on Monday, April 18 after S&P lowered its U.S. credit outlook to negative, and OPEC said high crude prices could pressure global economy.
ICE Brent crude for June fell $1.84 to settle at $121.61 a barrels, while WTI (West Texas Intermediate) for May delivery also fell $2.54 to settle at $107.12 on NYMEX.
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Wednesday, April 20, 2011
TALF Funded The Latest Oil Hijack: Time The Fed Ran The SPR? / Commodities / Crude Oil
By: Andrew_Butter
Goldman Sachs’ recent pronouncements on the price of oil (allegedly) caused a 6% drop. Apparently there is more to come?
http://www.reuters.com/article/2011/04/12/us-goldman-brent-recommendation-idUSTRE73B3EN20110412
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Friday, April 15, 2011
Correction Ended for Crude Oil and USO ETF / Commodities / Crude Oil
By: Mike_Paulenoff
Despite commodity bashing by Goldman Sachs again this morning, oil prices remain relatively buoyant.
Right now my pattern and momentum work in the U.S. Oil Fund ETF (USO) indicate that a significant correction ended at Wednesday's low at 42.10. They also indicate that current strength represents the initiation of a new upleg in an incomplete larger bull move that projects to another new high in the days directly ahead.
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Thursday, April 14, 2011
Crude Oil Near 3 Year High As Unrest Persists in the Middle East / Commodities / Crude Oil
By: Marin_Katusa
By Marin Katusa, Casey Research : With the civil war in Libya now entering its third week, Egypt moving haltingly towards free elections, and hundreds dead in Syria, Yemen and Bahrain after a month of anti-government protests in each country, the Middle East is rife with instability. On Wednesday, April 6, that instability pushed the spot price of Brent oil above US$123 per barrel, a high not seen since August 2008 when prices were crashing from an all-time peak of US$147.50 on the eve of the financial crisis.
Thursday, April 14, 2011
Crude Oil Set to Break $150 by Mid Summer / Commodities / Crude Oil
By: Money_Morning
Jason Simpkins writes:
Money Morning predicted in its 2011 Outlook series that oil prices would see $100 a barrel by summer. And that's proven to be true - but not entirely for the reasons we discussed.
In addition to the increased demand we talked about in January, violence in the Middle East and North Africa (MENA) has driven oil prices into the stratosphere. The price of light, sweet crude climbed above $112 a barrel last week, up more than 22% from where it started the year.
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Tuesday, April 12, 2011
How to Profit if the Nigeria Elections Drive Up Oil Prices / Commodities / Crude Oil
By: Money_Morning
Jon D. Markman writes: Oil prices are on the rise for a bevy of reasons - soaring demand in emerging markets, the weak dollar, and a strengthening U.S. recovery, to name a few.
However, supply disruptions and civil unrest in the Middle East-North Africa (MENA) region in recent months have had the biggest impact on oil prices. Egypt, Libya and Yemen have all played a part in driving up oil prices, and now they're about to be joined by another volatile oil producer.
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Tuesday, April 12, 2011
Why High Crude Oil Prices Are Likely Here to Stay / Commodities / Crude Oil
By: Frank_Holmes
A number of forces continued to push oil prices higher last week, reaching their highest levels in the U.S. since September 2008.
Monday, April 11, 2011
U.S. Strategic Petroleum Reserve: What’s the Trigger for Release? / Commodities / Crude Oil
By: Dian_L_Chu
In early March, White House Chief of Staff Bill Daley told NBC that the Administration was considering releasing oil from the Strategic Petroleum Reserve (SPR) if it deems the high oil prices would threaten the U.S. economic recovery.
President Obama, in a press conference on March 11, also reiterated that a plan to tap the SPR was "teed up" and said he would move quickly should ‘conditions’ worsen. However, the President refused to say what price could trigger a release.
Monday, April 11, 2011
Crude Oil Price Drivers / Commodities / Crude Oil
By: John_Hampson
1. Developments in the Middle East and North Africa - A real supply loss in Libya and fear of supply loss elsewhere. The fear factor and uncertainty premium is likely to last all the way through to new elections, but intermittent 'good news' from the region should ease the oil price.