Tag Archives: Oil
WTI Crude: Forecast for Feb/Mar
WTI met my targets of 62 and 59 from the 64-65 levels. What’s next? Here is an update: The US output is spiking as projected in my December forecast. It is expected to cross 11 Mbpd sooner than expected (Bloomberg). … Continue reading
WTI – update
Comments are in the chart. I would maintain a short position until 50.75 is taken out as the break above the 200 DMA has not produced a significant run (as yet) and the daily & weekly stochastics are signalling a … Continue reading
WTI still trending sideways
Despite the OPEC output cuts (promises?), various supply disruptions in the Gulf & the worsening situation in Venezuela, WTI hasn’t been able to break out of the 14 month sideways range (42-52). Now come the effects of Hurricane Harvey and … Continue reading
WTI Crude & Nat Gas – Long Term trends & Critical Levels
Natural gas may be warming up, in anticipation of warmer temperatures. NG’s price trend seems to be in that typical 24-26 month cycle which we have seen from 2010. We are probably in that 2 year bullish trend that started … Continue reading
Crystalballing with Venkat 