An article in The Guardian reveals that the world's oil storage is now at 75% of capacity, and Canada may be just days away from reaching capacity. The rest of the world may still have a couple months. But as oil storage runs out, storing excess crude is going to become less of an option for producers. They will have to either stop production or sell at lower...
The EIA this morning reported a larger than expected oil inventory build of 5.7 million barrels. This compares to the 729,000 barrel build analysts expected. Oil prices should fall for a few days on this news. DWT, an inverse leveraged oil fund, is a good way to play.
Yesterday the American Petroleum Institute reported a crude inventory build twice as large as what analysts expected, so I am shocked this morning to see the Energy Information Administration report an oil inventory draw of 1.7 million barrels. That's a huge difference from analyst expectations of an over 2 million barrel build, and it's an ever bigger difference...
This week there was a huge surprise US oil inventory build (10 million barrels, 3 times the analyst estimate) due to US sanctions against the shipping company COSCO. However, we also got a Brexit deal today. Oil has been struggling to decide which way to move on all this news. The trend appears to be downward, but it's not confirmed until it breaks below the...
After running up due to corporation Buybacks, MCD has failed to hold those new highs as heavier than normal Dark Pool Quiet Rotation™ to lower inventory of shares continues. The stock is now stepping down in a short-term topping formation.
With rising tensions in the Middle East and a large crude oil inventory draw yesterday, we're looking likely to stay in an upward parallel channel that formed in the last couple weeks. We may get a pullback the rest of today due to resistance, but tomorrow we should be up again. As always, keep your stops below the channel and move them up each day.
In anticipation of spikes following the release of the CL Inventory Report at 10:30 AM EST, our "Shorting" Level has been moved up higher to 46.07. Look for a Long position at 44.15. Use Stops of 15 ticks and Targets of 45 ticks for all positions..
Inventories to Sales Ratio has been moderately ascending recently above its relevant risk-free levels of 1.3 along the relevant trend line. It means that Inventories have been growing at a higher pace than Sales over the last several months Savvy traders would be interested in watching this ratio as a potential risk indicator of the US economy. If the ratio...
Inventories to Sales Ratio has been rapidly ascending recently above its usual levels of 1.3. It means that Inventories have been actually growing at a higher pace than Sales over the last several months! Savvy traders would be interested in watching this ratio as a potential risk indicator of the US economy. If the ratio continues to ascend at the current...