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Featured Articles: GEMS of the Week
Category: Crude Oil
The news items published under this category are as follows.
Wednesday, November 12, 2008
Crude Oil Heading to Below $50 / Commodities / Crude Oil
By: Donald_W_Dony
As crude oil continuously declines, it reinforces what mid-term economic models have suggested for several months; that oil prices should remain in a downtrend until the end of the business cycle in 2010. Global economic activity, coupled with supply considerations and U.S. dollar movements are the overwhelming forces behind commodity price adjustments. Read full article... Read full article...
Wednesday, November 12, 2008
Crude Oil Heading Into Severe Oversold Territory / Commodities / Crude Oil
By: Mike_Paulenoff
Yesterday's break in crude oil and downside follow-through from the 7-year trendline at $61.60 to new bear-market lows at $56.35 has accelerated into a new downleg that is pointed right for a test of the Jan 2007 low of $49.90 next. Such a decline represents another 12% on the downside, which should press weekly oil into relatively severe oversold territory for oil and its related US Oil Fund ETF (AMEX: USO). Only a rally that sustains above $62.00 will begin to repair the technical damage inflicted during the past few sessions.Read full article... Read full article...
Monday, November 10, 2008
Obama Faces Hard Political Decisions on Oil Depletion / Politics / Crude Oil
By: Ronald_R_Cooke
Washington insiders are well aware of oil depletion. It has been the subject of at least four reports funded by the United States Government, more than a dozen books, and multiple independent reports. Congress has taken testimony. Key figures in Washington have made speeches. Although there are some differences in the details, they are trivial in comparison with the broader perspective.Read full article... Read full article...
Friday, November 07, 2008
Crude Oil Crashes to New Lows, Where is the Bottom? / Commodities / Crude Oil
By: INO
I'm sure as a trader you've heard the expression, the "trend is your friend." That was never more true than today as crude oil (NYMEX_CL) crashed to new lows and the stock market resumed its downward trend. Read full article... Read full article...
Tuesday, November 04, 2008
Crude Oil Turns Bullish / Commodities / Crude Oil
By: Mike_Paulenoff
Let's notice the rounded bottom in the U.S. Oil Fund ETF (AMEX: USO), carved out since Oct 21, and though it represents a relatively minor base pattern, it should propel the USO into the 60.00-62.00 area in the upcoming days. Only a sudden downside reversal and plunge beneath 52.00 will wreck the developing pattern.Read full article... Read full article...
Wednesday, October 29, 2008
Wild Crude Oil Markets Long-term Trend / Commodities / Crude Oil
By: Money_and_Markets
Sean Brodrick writes: When people ask me if I think crude oil is going to $50 or $150, I nod sagely and say: “Yes, probably.”
I'm not being flip. I'm simply giving both the short-term and the long-term timeframes.
Read full article... Read full article...
Monday, October 27, 2008
Crude Oil Truth / Commodities / Crude Oil
By: Mike_Paulenoff
I am not ready to step up to add the U.S. Oil Fund ETF (AMEX: USO) to our model portfolio just yet, but I am getting much friendlier to the idea technically. Looking at the weekly crude oil chart, it's the time of truth for nearby oil prices, as the price structure pressed against its 7-year support line in the $61.60 area, which was violated marginally this morning ($61.30), but NOT by 1-1/2% ($60.60), which would have triggered another bout of weakness to $55.00-50.00 next. Read full article... Read full article...
Tuesday, October 21, 2008
Mixing of US Election Politics with Crude Oil / Politics / Crude Oil
By: Gary_Dorsch
With two weeks left before the US presidential election, is Arizona Senator John “Maverick” McCain's sprint for the White House at a dead-end? His challenger, Illinois Democrat Barack Obama raked in $150 million in donor contributions from domestic and possibly foreign sources last month, and is planning an unrelenting brainwashing campaign until Election Day, in order to cement his lead in the opinion polls, and guide the Democrats to complete control of the US-government.Read full article... Read full article...
Friday, October 17, 2008
A Great Time to Buy? / Commodities / Crude Oil
By: Mike_Stathis
Buy you ask? Yes. Not stocks, unless you're talking about oil. And unless you're the best of the best of traders you'll probably want to buy the oil trusts, but only if you believe in the peak oil story. Today? Not likely….at least wait until the next market crash, which appears to be coming any day now. And I highly doubt you're anywhere as good of a trader as you think. Read full article... Read full article...
Thursday, October 16, 2008
China Beating the United States in Global Crude Oil Deals Game / Commodities / Crude Oil
By: Money_Morning
Keith Fitz-Gerald writes: recently signed its first oil deal in 35 years with a foreign company.
And – quite surprisingly to many observers – the company wasn't one of ours.
Read full article... Read full article...
Wednesday, October 01, 2008
Crude Oil Rally Fails / Commodities / Crude Oil
By: Mike_Paulenoff
Crude oil prices are down about 7% from the intraday high and point towards a retest of the September lows at 93.36 and 90.50 next. Let's notice that yesterday's rally and today's initial attempt at extending yesterday's rally failed right at the sharply declining 20 DMA, which also represents the mid-point of the (width) of the declining Bollinger Bands. This is classic action: in a bull market, pullbacks find support at the rising 200 DMA, while in a bear market rallies fail and reverse to the downside from the declining 20 Day -- as is the case right now. I expect oil prices to plunge through the September lows on the way $80 next. Lower oil equates to a downside target of 70.00 in the US Oil Fund ETF (AMEX: USO).Read full article... Read full article...
Wednesday, October 01, 2008
$700 Billion Banking Bailout Will Drive Crude Oil to $250 / Commodities / Crude Oil
By: Money_Morning
Keith Fitz-Gerald writes: I've been predicting record oil prices for a number of years now, so when crude oil prices recently plunged from their record highs, I warned investors and consumers that the decline was nothing more than a temporary respite.
But now it's clear that the fallout from the $700 billion banking bailout pact will virtually guarantee that my prediction will come true.
Read full article... Read full article...
Tuesday, September 23, 2008
Peak Oil is Here Now / Commodities / Crude Oil
By: Submissions
The late A. M. Samsam Bakhtiari was quoted in MoneyWeek in 2006: “The fact of being in 'Post-Peak' will bring about explosive disruptions that we know little about and which are extremely difficult to foresee. And the shock waves from these explosions rippling throughout the financial and industrial infrastructure could have myriad unintended consequences for which we have no precedent and little experience. Thus, in the face of Peak Oil and its multiple consequences, which are bound to impact upon almost all aspects of our human standards of life, it seems imperative to get prepared to face all the inevitable shock waves resulting from that. Preparation should be carried out on individual, familial, societal, and national levels as soon as possible.”Read full article... Read full article...
Monday, September 22, 2008
Crude Oil Explodes Higher to $130 Illustrating Irrational Markets / Commodities / Crude Oil
By: Nadeem_Walayat
The financial markets being hit by ever larger and more volatile waves of panic today saw crude oil surge from Fridays close of $102 to a high of $130, this is as a direct consequence of last weeks decision by the US governments decision to initially buy up $700 billion of bad bank debt that looks set to eventually run in the many trillions. The proposed plan is highly inflationary and hence scared capital is attempting to seek safe-havens. Read full article... Read full article...
Friday, September 12, 2008
Crude Oil $200 a Barrel, What happened? / Commodities / Crude Oil
By: INO
It's true, the rumors were circulating heavily when crude oil was trading at $145 a barrel that it was going to be hitting $200 a barrel in a matter of days or weeks at the very latest. Well, that never happened. Crude oil learned that gravity plays a part in every commodity market's life. Read full article... Read full article...
