Speculators in crude oil futures are back near their “obscene” record net-long position set just prior to the 2014 collapse in oil prices. When we…
Tagged $SCO
Oil Stocks Still Treading 30-Year ‘Line In The Sand’
A key index of oil stocks continues to hold above its reclaimed 30-year old Up trendline; however, it’s been unable to mount any bounce off…
Is The Oil Rally Getting Clogged Up?
Crude oil prices may be hitting the most significant level of resistance since launching their rally in February. In a year of interesting market moves,…
Calmer Days Ahead For Oil Prices?
The Oil Volatility Index convincingly broke below its post-2014 Up trendline today; that could mean less volatility ahead for oil prices. Volatility indexes have become…
Saudi Stocks (& Oil?) Hanging In The Balance
The Saudi Arabian stock market is testing key support; the resolution here will likely lead to a big move, up or down, for Saudi stocks…
Oil Services Sector Reaches Resistance Magnet On March 19, as the oil complex was attempting to hammer out a low, we posted a chart on…
A Glimmer of Hope for Oil Bulls
On March 13, we posted a piece on the divergence between the Euro and the Euro Volatility Index (EVZ). The EVZ (like most volatility indexes)…