For oil traders and speculators the summer months continue to deliver stellar trading opportunities, and whilst equity investors are wringing their hands, the WTI contract shows no signs of wanting to reverse just yet.
When considering the chart for crude oil, there is really only one question to answer and it is simply this – how low can it go! And to answer that particular question we need to consider the charts across a variety of timeframes.
As speculative commodity traders, there are few occasions when it is hard not to make money, and certainly at present we have several stand out opportunities. These opportunities are rare, but when they occur, it’s time, as they say to ‘fill your boots’.
Nature and Man’s ideas can be amazingly beautiful, overwhelming, and sometimes disastrous.
As we come towards the end of another trading month, crude oil price remain firmly rangebound as OPEC’s policy of taking on the alternative energy suppliers in a price war continues.
Stealing a phrase from Timothy Leary and adding a twist. The sixties were a tumultuous time and marked a time of rapid change. Today, I think that many people, businesses and government are suffering Futureshock, with its debilitating effect of paralysis, and creative destruction of old guard business power.
Great expectations was a classic novel following the growth of a poor child and his trials and tribulations to find success in his life. Fabulous story.
Billion dollar Unicorns are more evident today than when Noah was filling the ARK. The speed at which companies are becoming uber valuable is flat out amazing. Surprising yes, unless one was smart enough to understand how the internet, and software was connecting people in ways that only few ascertained.
In the past investors were limited in choices between paper assets like stocks , bonds and trust deeds, and physical assets. Physical assets were all forms of commodities (DBC, quote) , real estate, precious metals, agricultural, energies etc , along of course their labor.
Whilst fundamentals and weather play a huge role in driving the price action for natural gas, the technical picture is now increasingly taking center stage as we move into the warmer months of the year and the commodity responds accordingly.
