| |
 | Przemyslaw Radomski CFA - SunshineProfits |
| Crude Oil – Major Resistances Hold |
| On Friday, crude oil bounced off session’s low and closed the previous week slightly below $52. Did it change anything in the short term?
Crude Oil’s Technical Picture
Let’s examine the charts below (charts courtesy of http://stockcharts.com).
Although crude oil moved a bit higher in the previous week, the overall situation in the medium term hasn’t changed much as the commodity remains not only under the key yellow resistance zone, but also below the May peak. Additionally, the sell signal gMonday, October 23, 2017 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| EIA Weekly Report and Crude Oil |
| Although the EIA weekly report showed a larger-than-expected decline in crude oil inventories, the price of the commodity declined sharply after news that U.S. crude oil production increased. Thanks to these circumstances, light crude lost 1.62% and closed the day under important support. What does it mean for the black gold?
Yesterday, the Energy Information Administration reported that crude oil inventories dropped by over 8.9 million barrels in the week ended Aug 11, easily beating expectatioFriday, August 18, 2017 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Crude Oil - Precious Metals Link in August |
| Based on the August 8th, 2017 Oil Investment Update
In the previous month crude oil gained almost 9% as declines in crude oil, gasoline and distillates inventories continued to support the price of the commodity. In that environment light crude climbed above the psychologically important barrier of $50 and closed July above it. Despite this bullish development, the price of the black gold slipped below it at the beginning of August. Is this just a bigger pullback or the first sign of a longer doWednesday, August 9, 2017 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Crude Oil - Gold Link in July |
| On Friday, crude oil moved higher and hit a July peak supported by a weakening U.S. dollar and bullish Wednesday’s EIA weekly report. As a result, the black gold climbed above the 200-day moving average, but is it enough to trigger a rally above $50?
Crude Oil’s Technical Picture
Let’s take a closer look at the charts and find out (charts courtesy of http://stockcharts.com).
Looking at the weekly chart, we see that crude oil broke above the 50-week moving average and closed the week above it.Monday, July 31, 2017 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Oil Trading Alert: Time for Drop below $50 |
| Oil Trading Alert originally sent to subscribers on January 19, 2017, 7:11 AM.
Trading position (short-term; our opinion): Short positions (with a stop-loss order at $56.45 and an initial downside target at $45.81) are justified from the risk/reward perspective.
On Wednesday, crude oil lost 2.57% after the head of the IEA warned of a significant increase in U.S. shale output as OPEC and non-OPEC producers cut output. This news negatively affected the investors’ sentiment and pushed the black golThursday, January 19, 2017 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Oil Trading Alert: Crude Oil – Precious Metal Link |
| Oil Trading Alert originally sent to subscribers on December 7, 2016, 9:39 AM.
Trading position (short-term; our opinion): Short positions (with a stop-loss order at $54.51 and initial downside target at $45.43) are justified from the risk/reward perspective.
On Tuesday, crude oil moved lower and lost 1.66% after data showed that OPEC production rose to about 34.2 million barrels per day in Nov, hitting another record high. In this environment, light crude slipped under $51 and approached the baWednesday, December 7, 2016 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Oil Trading Alert: Breakdown and Slide in Crude Oil |
| Oil Trading Alert originally sent to subscribers on November 29, 2016, 9:35 AM.
Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.
Crude oil gained 2.21% yesterday and came back above $47, but taking a dive today, confirming that closing the long positions yesterday and taking profits off the table was a good idea. Now, the question is how much does today’s decline actually change.
Let’s take a look at the charts to find out (charts courtesy Tuesday, November 29, 2016 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Oil Trading Alert: Where Will Crude Oil Head Next |
| Oil Trading Alert originally sent to subscribers on October 24, 2016, 6:52 AM.
Trading position (short-term; our opinion): Short positions (with a stop-loss order at $53.22 and initial price target at $46) are justified from the risk/reward perspective.
On Friday, crude oil gained 0.43% after Russia renewed its commitment to joining a producers' output freeze. Thanks to this news, light crude bounced off session’s lows and closed the week slightly below $51. But did this move change anything in Monday, October 24, 2016 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Crude Oil – Gold and Crude Oil - General Stock Market Links |
| Crude Oil – Gold and Crude Oil - General Stock Market Links
Based on Oil Investment Update originally published on Oct 11, 2016, 4:59 PM
Without a doubt the most important event of the recent month (or even the recent years) was unexpected OPEC’s decision to limit its production to a range of 32.5-33.0 million barrels per day. The agreement reached in Algiers (which is expected to be implemented this year) improved oil investors’ sentiment and pushed the price of crude oil above the barrier of $Wednesday, October 12, 2016 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Oil Trading Alert: Crude Oil – Double Top or Further Rally |
| Oil Trading Alert originally sent to subscribers on October 5, 2016, 10:04 AM.
Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective. In other words, we think that taking profits off the table and closing the previous long positions is a good idea.
On Tuesday, crude oil gave some of earlier gains after news that Iran and Libya have continued to increase production. In these circumstances, light crude slipped to the previously-broken resistance zoWednesday, October 5, 2016 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Oil Trading Alert: Crude Oil Verifies Breakouts |
| Oil Trading Alert originally sent to subscribers on September 22, 2016, 10:22 AM.
Trading position (short-term; our opinion): Long positions (with a stop-loss order at $42.95 and initial upside target at $50) are currently justified from the risk/reward perspective.
On Friday, crude oil corrected earlier gains after report that Saudi Arabia did not expect a freezing deal between major crude exporters. Thanks to this news, light crude moved lower and reached the previously-broken levels. Where wiMonday, September 26, 2016 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Oil Trading Alert: Oil Bulls vs. Resistance Area |
| Oil Trading Alert originally sent to subscribers on August 22, 2016, 9:50 AM.
Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.
Although U.S. dollar moved higher on Friday, crude oil extended gains and closed the day above $49 for the first time since the beginning of Jul. Thanks to this increase light crude gained 0.45% and approached a resistance zone. Will it encourage oil bears o act in the coming week?
Let’s take a look at the charts anMonday, August 22, 2016 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Crude Oil – Precious Metals Link |
| Based on Oil Investment Update originally published on Jul 8, 2016, 3:01 PM
In the recent few weeks oil bulls and bears fought battles between the barrier of $50 (the key resistance) and the green support zone based on the Apr and early May highs. After several unsuccessful attempts to move higher oil bears took control and crude oil closed Thursday’s and Friday’s sessions under its first important support zone. How did this drop affect the oil-to gold and oil-to-silver ratios? Let’s jump right Monday, July 11, 2016 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Oil Trading Alert: Crude Oil – Technical Juncture |
| Oil Trading Alert originally sent to subscribers on March 14, 2016, 8:42 AM.
Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.
On Friday, crude oil gained 1.24% as rig count declined to the lowest level ever. Thanks to this news, light crude hit a fresh March high, but will we see further rally in the coming week?
In our last Oil Trading Alert, we wrote the following:
(…) earlier today, the IEA, said that non-OPEC output would fall by 750,00Monday, March 14, 2016 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Charts Suggest Decline in Crude Oil May Be Over |
| Based on the December 10th, 2013 Oil Investment Update
In our previous essay, we examined the situation in crude oil in different time horizons. Back then, we wrote that the short-term situation had improved as crude oil had broken above both short-term resistance lines on relatively high volume and had come back above the previously-broken medium-term support line and the long-term one.
In the following days, crude oil extended gains and approached its 200-day moving average. What’s next? Is Tuesday, December 10, 2013 |
|
 | Egon von Greyerz - Matterhorn AM |
| Resource Wars in The Middle East – the question is when |
| “The Middle East will blow up – the only question is when”
In this exclusive interview, the renowned economist and energy expert Hossein Askari reflects on some crucial topics of our time, inter alia: current developments in the energy business; the high oil price and the main drivers of it; the Iranian conflict and other challenges in the Middle East; China as the rising energy power; gold-for-oil trading; and Islamic Finance.
By Lars Schall
Hossein Askari, who was born in Iran and went to theSaturday, March 2, 2013 |
|
