In my my oil price forecast dated May 4, 2017 and found here I discussed a CME Report from March 2017, on the relationship between Soy Oil and Crude Oil. I thought it would be worthwhile to review what has transpired since (please go to my previous blog post or the CME Report to get the […]
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Soy Oil and Crude Oil – Update
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Oil Speculators
Dana Lyon has a very realistic warning about extreme levels of longs in oil speculators. Dana Lyon’s Tumblr I thought it would be interesting to see if there are any other measures that are less alarming. Below is Large Speculators Longs and Large Speculators divided by inventories. Yardeni Research However, whatever measure is correct, should […]
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Update of Oil Chart
CME Group Even with the drop today WTI oil finished up on the week. The big question is will the lower Bollinger Band hold? It has previously, but….
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Oil Chart
CME Group This chart of the weekly WTI contact poses a interesting question. The price of WTI looks to finish positive for the first time in a month and third time in the past two months. The weekly candle is bouncing off the lower Bollinger Band. The bands width is contracting suggesting a big move […]
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