Crude
Gold, Silver and Crude Oil Continue Their Slide ... while the US Dollar Attempts to Confirm a MAJOR Bottom
Submitted by Fibozachi on 12/11/2009 15:34 -0500Examining today's sell-off in Gold, Silver and Crude Oil and the concurrent rally of the US Dollar Index across daily and 1-minute charts
Crude Oil - Déjà Vu Year 2008, No Fundamentals Required
Submitted by asiablues on 10/18/2009 17:14 -0500Last Friday, U.S. crude oil futures finished above $78, the highest level in a year, even though the U.S. continues to sit on ample supply of petroleum. Some analysts said a sudden upward spike was still unlikely, while others are predicting an immanent correction down below $70. However, if you take a closer look, it is evident that the current crude oil market is almost entirely detached from fundamentals. Furthermore, there are several factors supporting oil rising to new levels, as fundamentals are out the window in the near to medium term.
A Weak Outlook On Crude Oil Going Forward
Submitted by Cornelius on 08/18/2009 15:58 -0500Crude supplies continue to accumulate as the demand picture continues to deteriorate.
Are April WTI Crude Futures Going to Skyrocket Today
Submitted by Tyler Durden on 02/06/2009 19:27 -0500Curious note: the US Oil Fund, which is an ETF, holds 20% of the outstanding March futures contracts, and these have to roll by the end of NYMEX trading today from March to April. The ETF holds 81,050 March contracts as of February 5 according to its website, which is 4x the amount it held in December. It is possible that the 1-2nd months contango could exhibit some very odd behavior today as USO rolls. The only way the contango won't explode is if there are buyers on the other side of the trade.
