The Arora Report

July 27, 2016

RATING ON OIL $USO $SCO $UCO $DWTI $UWTI $CL_C #OIL

This post was just published on ZYX Buy Change Alert.

Oil price movements have a major impact on all markets including U. S. stocks, international developed market stocks, emerging market stocks, bonds and currencies.

Here are our current rating on oil.

Short-term: Negative

Medium-term: Neutral

Long-term: Positive

We follow a large number of indicators on oil, here are the main ones.

Geopolitics: positive
Sentiment: positive
Fund Flows: positive
Supply/Demand: negative
Inventories: negative
Risk Appetite: positive
Economic Indicators: positive
Currencies: neutral

You are receiving less than 2% of the content from our paid services …TO RECEIVE REMAINING 98%, TAKE A FREE TRIAL TO PAID SERVICES.… Please click here or the title below to read more.

July 27, 2016

TAKE MORE PARTIAL PROFITS ON REGULAR OIL SHORT POSITION $USO $SCO $UCO $DWTI $UWTI $XLE $XOP $OIH #OIL

This post was just published on ZYX Short Change Alert.

Yesterday we took nice profits on short oil trade around position. Today it is time to take more partial profits on regular oil position.

ETF USO is short from $11.31. IT is trading at $9.88 as of this writing. Consider taking profits on 20% of the remaining position in the zone of $9.66 to $10.05. Consider continuing to hold the remaining position.

EIA report shows crude build of 1.67 billion barrels vs. consensus of a draw of -2.6 million barrels. Gasoline had a build of 0.452 million barrels vs. consensus of a draw of -0.5 million barrels.

… Please click here or the title below to read more.

July 27, 2016