Tag: wtic

Energy, NFTRH

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]

Gary
Commodities, Energy

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

Gary
Commodities, Energy

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

Gary
nftrh plus
NFTRH, NFTRH Interim Updates

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 situation.  Resistance (red line) is also the neckline to the pattern.  It’s very simple; a breakout that holds above 53 would target 75.  If WTIC does not break out now but instead pulls back, the weekly EMA 30 would be … Continue reading NFTRH+; A Look-Ahead on Crude Oil

Gary