Tag Archives: oil

Pairs to beat the index blues

In a post on Tuesday I noted how difficult it is to predict daily moves in the Australia 200 index at the moment. On cue, I was stopped out of a short trade very soon after entry. What’s a trader … Continue reading

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BHP – The Big Picture

The world’s largest listed mining company has turned a corner. Better global growth prospects have investors contemplating their exposures. Dividend yielding stocks are at the heart of many re-built portfolios,and despite recent rises in share prices still make a sound … Continue reading

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Oil – Decision Time

Oil in the US is at a key level. The weekly inventories report overnight saw production at levels three times forecast – 5.9 million barrels produced against 1.8 million barrels estimated. This pushed oil through support on the charts, and … Continue reading

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Brent Oil – sell set up

The Brent cash chart looks close to completing a corrective rally. A weak close tonight would complete the sell set up outlined on the chart below

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Sell Oil on Short Leash

West Texas Crude Oil has rallied more than 12.5% in less than 3 weeks. While the fundamental picture may be improving, retracement analysis and RSI divergence are pointing to a short term sell.

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Mean reversion and the great headline turnaround of 2012

Was it the news itself or the fact that European leaders found some common ground that drove markets higher? Whatever the case I think what we have seen in a number of markets is something of a bump on both … Continue reading

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Bollinger Bands in Focus – US Crude Oil at a reversal point

Many analysts believe that Saudi Arabia views a US oil price of $US 70-$85 as being about right. This is low enough to support world growth but high enough to achieve good profits for low cost producers. It has the … Continue reading

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Oil and Copper – Buy Shares

Oil and copper are two key industrial inputs. Additionally, the growing presence of investors in commodity markets mean that they are a leading indicator of global sentiment around industrial production. At the moment they’re both saying the same thing – … Continue reading

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Unknown Knowns – Shares, AUD and Oil

“Unknown knowns” are a trap for traders – the assumptions we make without realising. Lately, there’s a lot of commentary suggesting higher oil prices and a higher Australian dollar are dragging the sharemarket down. These ideas are intuitively appealing – it … Continue reading

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Risk Diverges – Warning

Overnight action in markets presents a problem that needs resolving – shares and risk currencies rose strongly, but oil fell below key support levels – and appears to be

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