Why The United States Rule Oil Prices... Not OPEC (In 4 Simple C...

US crude oil exports - - so, umm, screw OPEC.

1

20170614_doe.jpg (962×507)

After a modest drop in production in the Lower 48 last week, US crude production rose once again this week to its...

1

20170613_death.jpg (960×502)

The crossover is typically seen a loss of short-term momentum and last occurred in the second half of 2014, when p...

2

20170613_death1.jpg (963×506)

As Bloomberg notes, OPEC and its partners will be hoping their efforts to curb output will be enough to support pr...

crude-falling-hard-after-kissing-resistance-may-5.jpg (1569×733)

Below looks at Crude Oil over the past decade and what is taking place after it hit an 800-pound resistance line.

crude-oil-kissing-underside-of-resistance-for-weeks-with-crude-feal...

Kiss of death

3

crude-oil-testing-resistance-as-most-bullish-crowded-trade-in-histo...

Crude oil - most crowded bull trade in history

2

20170122_oil1.jpg (961×510)

The Last Time Oil Speculators Were This 'Long', Crude Collapsed

5

image

Optimism around oil is horribly high. I'm fading it.

1

crude-facing-800-pound-resistance-test-dec-16.jpg (1568×733)

Crude oil beneath broken channel

2

crude-oil-testing-multi-falling-channel-resistance-dec-14.jpg (1...

Crude oil long term view

3

oil-sector-working-on-neckling-breakouts-dec-12.jpg (1568×704)

Energy sector breakout

1

crude-nyse-testing-short-term-rising-support-nov-7.jpg (1571×735)

Oil and Stocks

Oil - Weekly - 11.2.16.png

Oil - weekly chart. This is not investment advice.

4

Oil - Daily - 10.19.16.png

Oil - daily chart. This is not investment advice.

7

crude-oil-falls-hard-after-kissing-resistance-aug-1.jpg (1571×735)

Crude oil

Oil - Monthly - 7.22.16.png

Oil - monthly. This is not investment advice.

9

crude-peaked-ahead-of-broad-market-july-13.jpg (1572×734)

Big divergence in oil versus stocks. Obviously I'm hoping stocks do their job and re-connect with oil at lower prices.

oil 31.05.16.png

update on crude

1

joefridaycrudeoilfacingfallingresistancemay13.jpg (1178×662)

Crude oil mashed at the top of its descending channel (and keep in mind, Gartman is bullish as of today)

1

joefridaycrudetestingresistefearonsupportmay6.jpg (1572×732)

Crude oil at an important crossroads

crude-oil-spx-facing-falling-resistance-first-of-may-may-2.jpg (...

Sell in May for crude oil

joefriday-largest-2-year-rally-in-history-feb-26.jpg (1466×689)

Crude oil very overbought

economist front page.png

The economist front page indicator:Crude has bottomed out

1

crude 01.04.16.png

crude 23.03.16 (60min).png

crude approaching a turning point

1

Oil - Daily 2.9.2016.png

Oil daily. This is not investment advice.

2

Janet Yellen and the Fed in focus - Fed’s week... • The Market Zone

Oil prices drove markets lower as $SPX about to re-test 2000. Harmonic pattern still valid but its fate will be de...

Terror hits Europe - How will the markets react? • The Market Zone

Crude oil may rally due to Friday's attack. This weekly pattern (bullish) is still valid. Read this week's forecas...

4

SPX - CRUDELY SPEAKING - 11-12-15.png

SPX - CRUDE CORRELATIONS - 11-11-15.png

CRUDE - REMARKABLE FRACKIN FIBS - 10-25-15.png

20150814_oil.jpg (1168×719)

A terrible summer for oil

2

crudecopperfedpumpingbreakingsupportaug13.jpg (1566×684)

Major trendline breaks in both crude oil and copper

1

crudeoilhitsdualresistanceaug6.jpg (1573×733)

Crude oil's sad, sad plunge.........

2

CL_Daily_June102015.jpg

Nothing like a good API -6.7mil DRAW to scare the children overnight. Once again we've broken outside of the do...

1

CL_Daily_June022015.jpg

With the bull flag breakout in /cl underway, let's look at potential targets higher. /cl could not even correct...

1

CL_ChannelBreak_May292015.jpg

Where did /cl stop its up move once it broke above the down channel you ask? The red line knows. It was probab...

2

Crude.png

A truce was concluded by Houthi insurgents and the Saudi's. I believe this news will encourage a pullback in crude...

CRUDE

oil

Crude Oil approaches target of 64. News of US supply glut ease and Saudi price increase followed the chart.

Crude Oil COT Report data commercial traders

Commercial net short constructive for crude, says McCellan.

1

USO03252015.png

Looks like Yemen attacks are saving crude from weakness short term. No position here, just offering a $USO chart.

uso

Crude fund USO tickles a lower low today, calling its would-be bottom stance into question.

crudeoilsmallbounceoffsupportfeb12.jpg (1570×707)

Crude oil's bounce

1

Crude oil cycle

UD

1

CL_4Hour_Feb022015.jpg

Crude bears DO NOT FRET ... just yet. Coming into Monday morning trading (Feb. 2nd) we have us a familiar set-u...

7

CL_4Hour_Jan222015.jpg

WTI Crude Light futures, an ugly Gartley pattern nearly fills on 4-hour. Potential bounce on the near-fill

1

crude vs dow

Crude oil vs Dow Jones

OIL

oil

2