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Macro
2023 Bank Run – The Chase Begins
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
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
Commodity Cycle Emerging
Energy Bull Market signaled by muted E&P investment outlook supported and price action Crude oil and natural gas prices have broken above long-term downward trend lines and are now back testing this support. Oil support at $ 58-60/bbl technical resistance at $77/bbl Natural gas support … [Read more...] about Commodity Cycle Emerging