Sign inRecent Commentaries tagged (oil)
Outlook for financial markets, according to the charts
I often refer to the technical analysis of Adam Hewison (INO.com) to provide insight into the most likely near-term movements of financial markets. He has just produced four short presentations on various markets. As my day is chock-a-block with meetings today, these links are posted without...
How to play Indocan Resources Inc. IDCN.PK ?
The obvious answers would be “You shouldn’t!”. There are a lot of folks out there trying to prove the stock is still capable of providing gains and breaking resistance after resistance. People should understand though, the only factors driving this thing are press releases and nothing tangible...
Toppy Tuesday - Happy Anniversary Bull Market!
It’s hard to believe that just one year ago today investors thought the world was ending! Well, not all investors - we were BUYBUYBUYing at the time, as I recapped back in September whan we did our "Market Crash - Year One Review." Click on Cramer’s picture for the Daily Show’s March 4th, 2009...
Crude oil breaks the dollar rule for the summer High Noon
This post is a guest contribution by Dian Chu, market analyst, trader and author of the Economic Forecasts and Opinions blog. Crude oil surged to its highest level in almost eight weeks and gasoline also rose to a 17-month high after the U.S. employment declined less than forecast in February....
IntegrityFX Intermarket Outlook
The equity markets have taken a sharp turn south today, the consensus for the catalyst seems to be those weak consumer confidence numbers that were released today, but I suspect this is the longer term effect of the Fed’s rate hike from last week. Historically, the effect of a change in the...
Can Tiger Woods Save this Market? Morning Market Commentary
9:30am The Fed made a surprising move yesterday by increasing the discount rate. The Fed funds rate is a more important rate though and that has not changed. The discount rate is the rate charged on loans that the Federal Reserve makes to commercial banks. The Fed funds rate is the rate which...
A Guide to Intermarket Analysis Part 4: Commodities
In the final part of my guide to intermarket analysis, I will discuss the only market that even comes close to the global level of Forex: commodities. For the most part the relationship between the commodities and Forex markets can be seen by following oil and gold. Gold is a great way to...
The Battle Ensues : Morning Market Commentary
9:15am Americans love to fight. All real Americans love the sting of battle. -George S. Patton Good morning readers. Today the battle continues as we watch and see if this bounce can really turn the corner into a true rally or if it will fizzle out like the trend has said it will. The bulls...
Greg Firman's VantagePoint Trading Videos
I have to tip my hat to Greg Firman. He has been posting some awesome videos and using VantagePoint he has nailed the following markets: GOLD, SPX, OIL and a few others. I was in NY at the TradersExpo and am just now catching up on his recent videos.... If you have not seen the most recent...
Dollar Strong so why is Gold and Oil strong too? Morning Market Update
11:05am Good morning. As I’m writing this, we are slightly up on the day but I’m not buying any rally talk just yet. If you look at the chart of the S&P 500, we have overhead resistance around 1100 since we went bearish last month. Until we break past that 1100 with some momentum, I am not...
Chart Presentation: Incubation
On the bad news side the situation in Greece is rapidly approaching the same level of crisis associated with Dubai just ahead of the $10 billion bail out from Abu Dhabi with Ireland perhaps not that far behind. On the good news side Microsoft’s earnings beat expectations while Ben Bernanke was...
Oil market outlook: When contango trade unwinds
This post is a guest contribution by Dian Chu, market analyst, trader and author of the Economic Forecasts and Opinions blog. The West Texas Intermediate (WTI) crude oil market went into contango back in June 2008 and reached an apex supercontango in late December. (Fig. 1) Since then,...
Prieur’s readings (December 29, 2009)
This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy. • Dave Barry (The Washington Post): Lowlights of a Downer Year: Dave Barry on the money, madness and misery of 2009, December 27, 2009. It was a year of Hope - at first in the...
How much do you know about oil?
My friends at US Global Investors came up with a quiz on the history, geopolitics, etc. of oil. Click here or on the image below for a bit of fun.
The outlook for financial markets, according to the charts
I often refer to the technical analysis of Adam Hewison (INO.com) to provide insight into the most likely near-term movements of financial markets. He has just produced five short presentations on various markets. As I am in scaling down on my blogging activity over the holiday season (see “
