Oil Market Waiting For A Catalyst

Robert Boslego - INO.com Contributor - Energies


On November 15th, Saudi Energy Minister Khalid al-Falih said, “We need to recognize that by the end of March we’re not going to be at the level we want to be which is the five-year average, that means an extension of some sort.”

He went on to say that Saudi Arabia favors making an extension decision at the OPEC meeting at the end of this month. “My preference is to give clarity to the market and announce on November 30 what we’re going to do.”

At the conclusion of the last OPEC meeting in May, the Saudi minister had stated that the current production quotas will “do the trick” of rebalancing stocks to normal levels within six months. Earlier this month, the DOE projected that global OECD stocks at end-2017 would be right where they were at end-2016. And it projected that 2018 inventories will be higher, not lower.

Russia’s continued participation seems to be a linchpin, and the Russian energy minister, Alexander Novak, reportedly met with Russian oil producers about their view of extending the production deal. According to TASS, everyone but Gazprom Neft agreed to a six-month extension, not the nine-month extension favored by Mr. Al-Falih. Gazprom Neft expects to launch new projects in 2018. Continue reading "Oil Market Waiting For A Catalyst"

Short-Term ETF Investment Capitalizing On This Time Of Year

Matt Thalman - INO.com Contributor - ETFs


The Holiday Season is now upon us, and in just a matter of days, millions of dollars will be spent buying presents. On Thanksgiving Thursday, Black Friday, Small Business Saturday, and Cyber Monday we will see millions of shoppers spending billions of dollars on gifts for the holidays.

But since we have a 'holiday' shopping season every year the more important thing from an investors perspective is whether holiday sales will be higher or lower than last year. Luckily this year the National Retail Federation expects annual holiday spending will increase by 3.6% to 4% this holiday season over last year.

Soon after the weekend, sales figures will start rolling in, and investors will either start selling or buying shares of the companies winning the retail holiday war. This makes it hard for investors to accurately predict ahead of time which companies will be the winners and which will be the losers, and therefore Exchange Traded Funds are the best way to make this investment.

With ETF's you can easily purchase a small or large basket of retail stocks right before the holiday shopping season, benefit from the winners while not getting crushed by the losers, and then get out of investing in retail before the end of the year.

So, if this sounds like the kind of purchase you want to make this holiday season, let's look at a few different ETF's you can buy now. Continue reading "Short-Term ETF Investment Capitalizing On This Time Of Year"

Gold & Silver: The Calm Before The Storm

Aibek Burabayev - INO.com Contributor - Metals


In September I warned you about the possible weakness in both gold and silver after a good rally as strong reverse signals appeared on the chart. That warning alert paid well as the metals dropped heavily – gold lost more than 7%, and silver fell more than 10%. I hope it helped those of you who had market exposure that time.

There are updated charts below with further price action forecast, which is based on pattern recognition and market staging approach. I hope my detailed graphs with annotations will help you understand market behavior, training your eyes to recognize patterns and determine market stages with me.

Chart 1. Gold Daily: The Baby Bird Could Fall Out Of The Nest

Gold Chart
Chart courtesy of tradingview.com

In the previous gold chart I put two zigzags to show you possible paths for further price action, the red zigzag was the main option, it showed the downside move with a small consolidation inside. In reality, the drop has been even sharper with just a minor correction within. Continue reading "Gold & Silver: The Calm Before The Storm"

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the December contract settled last Friday in New York at 1,274 an ounce while currently trading at 1,284 up about $10 for the trading week and right near a four week high. I will be recommending a bullish position if prices close above 1,290 while then placing the stop loss under the 10-day low standing at 1,269 risking $2,100 per contract plus slippage and commission as the chart structure is outstanding due to very low volatility. Gold prices are trading above their 20 & 100-day moving averages as the trend is to the upside and I am also looking at entering into a bullish silver position as the U.S. dollar is near a four week low helping push prices up here in the short term. Gold prices have gone nowhere over the last month or so with extremely low volatility, and I don't think that's going to last much longer so keep a close eye on this market to the upside. If you have been following any of my previous blogs you understand that I am bullish the commodity markets as they are very cheap compared to the U.S. stock market and I think the volatility will be to the upside not to the downside as demand will start coming back into these products.
TREND: HIGHER
CHART STRUCTURE: EXCELLENT

VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery"

Stocks Dip On Tax Reform Concerns

Hello traders everywhere. Tax Reform has taken center stage this week as the House approved its version of the legislation. We now wait on the Senate who is still debating its own plan.

I feel like the market is uncertain about the tax bill's ability to move to the next stage of approval, thus letting some volatility enter the picture as indicated by the VIX and the recent market action over the past few days. The VIX hit it's highest level since August.

MarketClub's Mid-day Market Report

Elsewhere, bitcoin is hovering just under $8000. Crude oil jumped to $56 a barrel as Saudi Arabia, and OPEC moved to dispel doubts over Russia's readiness to extend output curbs. The Japanese yen gained the most in more than two months against the dollar and the emerging market shares headed for the highest close in six years.

Key levels to watch next week: Continue reading "Stocks Dip On Tax Reform Concerns"