4 Feb 2015

Breakout or fake-out? To find out, oil needs to retreat and find support at 47

by | posted in: Commodities, Currency, Derivatives, Economy, Equities, Technicals | 1

Signs late last week WTI itching to move higher play out perfectly Oil as much a physical commodity as it is for investment/speculative purposes After 20-plus-percent move in four sessions, healthy if it retreats and finds support at 47 Some … Continued

25 Jun 2014

XLY’s near-term direction probably down in midst of energy uncertainty

by | posted in: Derivatives, Economy, Equities, Technicals | 0

Crude oil is on the move.  Since early April to last week’s high, the Brent has gone up by over 11 percent.  The West Texas Intermediate found a trough much earlier – early this year – and until the high … Continued