Tag: crude oil

2024 Financial Markets Outlook: 17 Predictions

One area I cover in the Outlook 2024 is the teachings of Raymond Lo and how he sees the upcoming Year of the Dragon. Part...

Skepticism Over the OPEC + Oil Cuts 

Despite the total cuts by all countries added at the November 30th OPEC+ meeting, oil sold off testing key support. Countries like Angola have threatened not...

Weekend Stock Market Recap / Action Plan: Small Caps, Beans, Oil

Since we came back from vacation, I wrote 3 Daily’s. The first one was on the Economic Modern Family and how it opened its loving...

Crude Oil is the New Gold: Buy When There is Blood...

Weaker labor market, manufacturing production slowing, new home prices falling and crude oil inventories rising more than expected are all to blame for the...

Crude Oil Elliott Wave Forecast: A Bear’s Playground

The lower high we’ve been expecting in crude oil futures might have happened last week. If confirmed, it would boost the case for a...

Monthly Chart Points to Much Higher Oil Prices Coming

Before we begin, just a note to mention that TLT took out the fast MA featured in the October 10th Daily Update, while SPY underperformed....

$XOP Oil and Gas Exploration & Production ETF Bullish Buy Signal

I remain long (bullish) the Oil and Gas Exploration ETF (XOP) and believe that the current pause is a bullish consolidation. Furthermore, I also believe...

U.S. Oil Reserves Drop to 40 Year Lows

On June 12th, Goldman Sachs came out stating how bearish they are on oil. I wrote a Daily about it on June 20th: Bearish at the Bottom-Institutions...

Natural Gas and Oil Are Always On Trader’s Radar

This week I wrote a daily trading update on USO, the US Oil Fund.  Plus, I did a video for CMC Markets on Natural Gas...

Commodity Price Patterns Signaled Caution Despite Russian Invasion!

Market prices absorb all the information that's out there. Perhaps that's why several commodity prices surged in the months leading up to the Russian...

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