October Crude oil recently traded above $112/barrel but as of this post futures are trading $5 under that level below its 8 day MA (orange line). I often use the 8 day MA and 18 day MA as key pivot points when navigating the energy sector and as one can see on the chart below […]
High to low on the week Crude oil jumped $6/barrel but front month futures failed above $108 just as that level capped upside on 7/19 and again on 7/22. Crude oil fell short of its contract highs by 11 cents and has traded south since. Early support came from upbeat news out of China and […]
We heard market moving news out of the Euro-zone this weekend. Stringent terms on a potential ECB-Cyprus bailout triggered talk of bank runs. In my opinion such an event is precisely the type of catalyst that could derail the bull market in equities. I’ve been anticipating a correction for some time now…this may be it. […]
