A little gaseous humor compliments of NFTRH 708

From NFTRH 708’s Commodities segment… Gas on the other hand, while bullish, has a chart that is more suspect. There is a negative RSI divergence and a bad looking MACD. Okay, now watch it blast upward 10% tomorrow. ;-) Ladies and Gentlemen, I give you NatGas futures at +9.23% today. Ha ha ha… For “best of breed” top down analysis of all major markets, subscribe … Continue reading A little gaseous humor compliments of NFTRH 708

A Lack of Energy

That is what this reflation has, a lack of participation from the Energy patch. Daily XLE is trending down by both of its key moving averages. It is curling below the SMA 50 and it’s cooked if it loses 34. Weekly XLE is a classically bearish chart, having bounced to strong long-term resistance before dropping anew. Monthly XLE shows more clearly how heavy that resistance … Continue reading A Lack of Energy

Request: A Good and Reputable Oil & Gas Authority [w/ edit]

[edit] He is actually looking for other research viewpoints in order to refute or confirm the information in the report below. A global fund manager I do some work with requests a good Oil & Gas newsletter source. By “good” I don’t some some schlep who was promoting PEAK OIL!!! or other such oil price/supply obsessive. I don’t mean someone who is known or famous … Continue reading Request: A Good and Reputable Oil & Gas Authority [w/ edit]

NFTRH eats its own cooking with Energy [w/ edits]

With reference to the vigorous bounce in the Energy sector (plus 7% today after yesterday’s rise)… NFTRH had this to say in an impromptu Energy segment over the weekend in NFTRH 597. Eating my own cooking, I have positions in XLE, CVX and XOM. [edit] Profit taken on XOM, w/ XLE & CVX still held. [edit 2] and CVX makes two, given stock market’s increasing … Continue reading NFTRH eats its own cooking with Energy [w/ edits]

Hedgers Most Net Short Crude Oil Since, Well, Forever

Commercial hedgers are hitting new extremes in their net short positions even as WTI Crude targets higher levels off of what a TA who wants to sound serious would tell you is a “complex Inverted Head & Shoulders pattern” but that a TA like me would tell you is a bullish mutant freak. The next technical target is 62(ish) and then ultimately there is another … Continue reading Hedgers Most Net Short Crude Oil Since, Well, Forever

Time to Not be Greedy on Crude Oil

Selling Crude Oil bear fund SCO here, on the gap fill at the 62% retrace level and lateral resistance.  Oh, and let’s throw in an overbought 120 min. RSI for good measure.  They say don’t be greedy… Subscribe to NFTRH Premium for your 40-55 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. … Continue reading Time to Not be Greedy on Crude Oil

T/A and Sentiment in Crude Oil

It seems that I don’t post very much on oil (or Natural Gas, for that matter).  These are covered each weekend in NFTRH; but yes it’s true, I give oil and energy short shrift in public posting.  Probably because I have other higher priority interests right now. But a subscriber asked about shorting oil in light of the fading efficacy of the OPEC deal, Elliott … Continue reading T/A and Sentiment in Crude Oil