ENERGIES: PETROLEUM: 10July The sector is on its heels a bit this morning after the Norwegian government ordered arbitration to settle the oil workers’ strike that was scheduled to start at midnight last night. China, the world’s second largest consumer, also saw imports drop to the lowest levels since December: http://www.bloomberg.com/news/2012-07-10/oil-declines-as-norway-ends-energy-strike-chinese-import.html The recent wide consolidation […]
By Matthew Pierce Coming back from the weekend we see no “resolution” concerning the EU debt situation but that doesn’t seem to be a bitter pill to swallow. All markets are mixed to modestly higher after Chinese PMI numbers offered support. There is some sentiment that the Chinese contraction pattern has reached its apex offering […]
Energies Crude oil has become so closely tied to the global economic outlook that the demand side pressure is seemingly outweighing the supply side premium. That means a strong dollar and weak global demand outlook should push oil prices below $90. Gasoline and heating oil should follow suit while natural gas remains a long term […]
In my opinion, every trade you consider should be laid out ahead of time with a roadmap. A complete map should have an “off ramp” or a place where it makes sense to enter the market. It should also have exits for your destination (profits) as well as off ramps for emergency exits. This part […]
The End of the Commodity Boom Welcome to the calm before the storm. I believe we are still in a deep global economic recession, but the rate of decline has clearly stabilized in recent months and if investors feel that the stability is giving way to more economic slowdown then the stock and […]
