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
Tag: crude oil
WTI Crude Oil
WTIC has painted the greater commodity indexes with its bottoming pattern that we first identified last year. This month it is making a move to
Copper, Oil, Gold and US Stocks: Big Picture Status
Sometimes I like to trot these lumbering monthlies out so we can quiet everything down and see where various markets are slowly heading. First of
Crude Oil (public post)
I left the title of Tuesday’s NFTRH+ post (now unlocked) vague because if I blare everything out publicly I no longer have a business because
NFTRH+; A Commodity in a Short Setup
I am still short commodities (DBC, as noted at the site last week) pending the April high and commodity headliner crude oil is in a
The Technical Big Picture, Updated
Every once in a while I like to trot out the monthlies so we can refresh the big picture view. So, here they are on
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
Oil Working Out Well
After the IBM stinker I could use something that is working; one of those is the short I took against crude oil, as noted in
One Reason Not to Trust the In-Day Stock Market Bounce Back
Because as Heisenberg explains, the ramp up in crude oil happened on Saudi jawboning; and because the S&P 500 went up at the same time,
NFTRH; Post-Tomahawks & Jobs
An eventful day. The Trump administration is playing its cards and scaring half of the world (not just Russia) about its willingness and capability to
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
NFTRH+; A Look-Ahead on Crude Oil
We have been noting that crude oil is in a bullish looking pattern, but right up against resistance. Here is a clearer view of that
About That S/T Top in Crude Oil
First of all, it is not a top in crude oil; it is a potential top that has so far held initial support at its
Crude Oil Looking Gross
This pattern in USO is not at all pleasing. Interestingly, it comes just as the ‘Golden Cross!’ (of the 50 MA above the 200) hype