Will oil go to $26 or $60? This is the question of the moment. There are more than a few opinions by gurus on both the bullish and bearish sides. The dilemma that investors and traders face is that most of the gurus have been continuously wrong on oil. Do
Here are the answers to your questions on EIA. EIA stands for U. S. Energy Information Administration. EIA collects, analyzes, and distributes energy information on a wide range of topics. EIA is completely independent within the U. S. Department of Energy. We often reference EIA weekly report on oil inventories
This post was just published on ZYX Short Change Alert. It is time to take more partial profits on regular oil position. ETF USO is short from $11.31. IT is trading at $9.56 as of this writing. Consider taking profits on 30% of the remaining position in the zone of $9.34
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
This post was just published on ZYX Short Change Alert. Oil has fallen to $46.42 as of this writing. USO is at $11.11. Consider reducing or taking partial profits on a 15% tranche in the zone of $1o.82 to $11.13 in USO. Consider continuing to hold the remaining position. We still
This post was just published on ZYX Short Change Alert. Oil continues to be aggressively bought by the momo crowd. However, Smart Money continues to lightly sell it. EIA Oil Inventories came at -4.2 million vs. consensus of -2.65 million. It is important to look at gasoline inventories, especially as we
This post was just published on ZYX Short Change Alert. Initiate or add to USO up to 25% of the full core position size in the zone of $11.88 to $12.23. Buy stop on a 15% tranche is in the zone of $12.37 to $12.58. Target zone to buy to cover is $9.75
This post was just published on ZYX Short Change Alert. Oil market is one of the most volatile markets in the world. Therefore it is suitable only for aggressive investors. To properly handle the volatility, the top band to short USO is being raised to $11.75. Stop zone on one-half of
This post was just published on ZYX Short Sell Change Alert. Starting a new trade around position short selling USO scaling in right here at $11.28, up to $11.47, with a stop on one-half of the position in the zone of $11.68 to $11.88 and mental stop on the other half in the
This post was just published on ZYX Buy Change Alert. Due to high interest in oil, two posts published in ZYX Buy Change Alert this morning are being reproduced below: TAKE MORE PARTIAL PROFITS ON SCO HEDGE SCO hedge is from $25.87. As of this writing it is trading at $185.50.