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

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

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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