Volatility abounds as the year of the rabbit brings unforeseen moves. The banking crisis has caused a strong sell-off in energy markets testing support. There are so many events unfolding: the war in Ukraine, the energy crisis, rising interest rates, the collapse of the European economy, and numerous political allegations from Trump to Biden. Bank losses from long duration … [Read more...] about 2023 Bank Run – The Chase Begins
Crude Oil
Oil Retests Support in Defiance of Physical Realities
Meanwhile OPEC+ is contemplating cutting production to balance supply and demand in light of the growing risk of recession risk. Saudi Arabia is producing at levels which have never been sustained raising the question of the true spare capacity. Supply risks are rising with tensions continuing in Libya continuing and rising in Iraq. … [Read more...] about Oil Retests Support in Defiance of Physical Realities
Battle of the Tiger
Battle rages between Recession Fears and Supply Side Shortages $200 Oil on Track WTI remains bullish long-term supported by strong fundamentalsWTI on track for $200 next year, Potential to retest $85 support Temporary Weakness (Support at $85/bbl followed by $77) Caused byIEA members release strategic reserves providing 1mbdpResurgence of Covid lockdowns in … [Read more...] about Battle of the Tiger
Energy Markets Explode to the Upside
2019 Year of the Boar
Volatility continues to contract as European and Chinese economies respond to rising rates and high leverageWar intensifies in the Middle EastCrude Markets and US Equity Markets end 2018 bearish, March Low or High? Natural Gas remains bullish supported by LNG Exports 2 … [Read more...] about 2019 Year of the Boar