Category Archives: Commodities

Ouch! Monthly average WCS discount to WTI

WCS discount to WTI

http://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices

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“Technical Analysis is about identifying trends”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

Major trend for natural gas is sideways

Major resistance is around $3.00 and major support is around $2.50

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“Technical Analysis is about identifying trends”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca InvestOnline.ca

Major uptrend for West Texas Intermediate

High probability for another test around $75.00

Chart for WTI showing major uptrend,.

Reference my last chart analysis for WTI.

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“Technical Analysis is about identifying trends”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca InvestOnline.ca

CRB Index 4-year chart

In a report in June, the World Bank calculated that almost all the growth in the past 20 years in global metal consumption, two-thirds of the increase in energy demand and two-fifths of the rise in food consumption came from seven countries: Brazil, China, India, Indonesia, Mexico, Russia and Turkey.

CRB Index 4-year chart

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Here is a longer-term view from 2006

CRB Index chart for the period 2006 to 2018

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The following is an excellent article in The Economist:

https://www.economist.com/finance-and-economics/2018/08/25/global-unease-from-commerce-to-currencies-rattles-raw-materials

Reference the following background information on the CRB Index:

https://en.wikipedia.org/wiki/Thomson_Reuters/CoreCommodity_CRB_Index

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“Technical Analysis is about identifying trends”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

WCS discount to WTI

This chart shows the WCS discount to WTI

http://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices

______________________________

“Technical Analysis is about identifying trends”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

Gold at major support zone

Gold at major support

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“Technical Analysis is about identifying trends”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

Commodities’ returns for the first half of 2018

First half of 2018 performance for commodities

First Half of 2018 Performance for Commodity Groups

The following is an excellent article on commodities:

Investors Disappointed in First Half

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“Technical Analysis is about enjoying the ride and knowing the exit”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

 

West Texas Intermediate testing major resistance

There is a high probability that WTI will break above the May high of $$72.90. It is in the cards!

West Texas Intermediate Daily Chart

West Texas Intermediate Daily Chart

Reference my last chart analysis for black gold.

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World oil demand and supply

http://www.oilsandsmagazine.com/energy-statistics/world#consumption

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World crude oil production

What are Natural Gas Liquids – NGL

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http://www.oilsandsmagazine.com/energy-statistics/world#consumption

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“Technical Analysis is about enjoying the ride and knowing the exit”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca