CUPandHANDLE_CHARTS
Posted - 12 hours ago
$USO ~ Crude Oil ETF. Weekly Close. Bullish action in Oil. Notice the large {Cup} setting up. Oil also in a bullish Elliott Wave 3 setup.
Oil is on it's way back to 100 bucks.
Commodities are exploding on the anticipation of 3 Fed rate cuts & a weaker
USD in 2024. Inflation coming back in 2nd half of 2024. $XLE $SPY $DIA $XOM
CUPandHANDLE_CHARTS
Posted - 12 hours ago
$XLE ~ Oil Stocks ETF. Weekly Close. Big breakout of the bullish cup setup. Crude oil on it's way back to 100 bucks this summer.
Inflation coming back big in 2nd half 2024. Will the Fed do 3 rate cuts with Oil at 100 bucks. Commodities exploding with a weaker USD on expected Fed cuts. $USO $GLD $SPY $XOM
macroQmicro
Posted - 14 hours ago
Asset Classes ranked by price strength and momentum re March 28 close: $DBA $UUP $GLD $FAD $USO
The_Harmonist
Posted - 15 hours ago
$USO $XOM looking for a small bearish trade next week
Wouldn’t doubt if we are getting close to peak oil prices for the year. Equities will do well over a sustained period but I’m sure if things remain elevated opec members will step in and add supply within the next 3 months
RockMo
Posted - 15 hours ago
$CL_F, $USO tbh, not trusting this price on CL_F reason: the spread between CL_F and Brent has narrowed to sub $4, which does not seem justified. I'm aware that JPM are again chatting about +$100 but those guys have been wrong more times than they are right. otoh, their batting avg is still better than the IEA, who quite frankly know about as much about the energy markets as I know about various types of woolen yarn. I'm still bullish on oil over the nxt qtr, but I can't help thinking that WTI is a tad overpriced. glta
Arooba2
Posted - 15 hours ago
My mistake i was short $USO and cover but I think it's fine i own $PBR 😆 But USO moon 👩💻🤷♀️
I sold $xom too early I did not know such focus on energy all month
CUPandHANDLE_CHARTS
Posted - 16 hours ago
$SPY ~ WARNING: Canadian bankruptcy filings are beginning to skyrocket. $DIA $USO $GLD $TLT
CUPandHANDLE_CHARTS
Posted - 16 hours ago
$USO ~ Agricultural commodities are now up 21% annually. That has a 3-month lead on CPI. A second wave of inflation is emerging just as the Fed wants to cut rates 3 times this year. $SPY $DIA $GLD $FCX
OMillionaires
Posted - 16 hours ago
YTD/Q1 Performance: S&P: +10.16% Nasdaq: +9.11% Dow: +5.62% Small caps: +5.05% Gold +6.80% US dollar +3.49% Oil: +13.54% Bitcoin: +67.71% #YTDPerformance $SPY $DIA $QQQ $GLD $USO
Goodlongs
Posted - 17 hours ago
$USO , $UCO , $OILK ، $CL_F Clean energy is today & the future "ENERGY & ENVIRONMENT
Last coal plants in New England to close; renewables take their place
BY CLAYTON VICKERS 03/27/24 06:09 PM
Bad for crude
ASM
Posted - 18 hours ago
$USO Why the huge pop in oil and why market doesnt care do you guys see literally every commodity has skyrocketed in the first 3 months of the year how does this not trickle into higher pricing of goods ovr the next few months .... infnlation is not dead $spy $qqq
IntelligentInvesting
Posted - 18 hours ago
Another two weeks later (See our previous post here: https://stocktwits.com/IntelligentInvesting/message/566001073) $XLE keeps soaring (up>11% since our February 16 alert), and $USO is now joining the party for real (still up 7% since our alert) as it tries to break above the $78.37 level, which can launch it to $80.72 based on simple symmetry. We are now looking for $100 and $83+, respectively. FYI, Federal Reserve Chair Jerome Powell said in his semiannual testimony before the U.S. Senate Banking Committee in March 2022 that, as a rule of thumb, every $10 per barrel increase in the price of crude oil raises inflation by 0.2% and sets back economic growth by 0.1%. Crude oil has increased by almost $20 since its December '23 low. $UCO $WTIC $BZG23
Kamuxyz
Posted - 19 hours ago
$BOIL US Oil Week +/-: -3
US Gas Week +/-: 0 $USO $UNG
Ro_Patel
Posted - 19 hours ago
Baker Hughs: US Oil Rig Count down -3 w/w to 506 & down -86 y/y/ Nat Gas rigs unchanged w/w to 112 & down -48 y/y $USO $UNG $XLE $XOP $OIH
Rino_Rally
Posted - 19 hours ago
$CL_F $USO $XLE make it go cocoa loco make it go cocoa 🍫
Rino_Rally
Posted - 19 hours ago
$CL_F $SPY $USO $XLE well well well look who’s stepping off Air Force One today with “President” Biden. Barrack Hussein Obama. I guess this terrible foreign policy of throwing money at Iran 🇮🇷 all makes sense now. JB in his right mind wouldn’t be doing something this dumb.
Rino_Rally
Posted - 20 hours ago
$USO $XLE $CL_F A little pathetic if you ask me. Oil 🐻 only argument now is “ceasefire now” I know VP Kamala has “studied the map” but ceasefire ain’t happening. And when they finish in southern gaza get ready for something much much bigger 🇱🇧 🛢️💣📈📈📈
davooo
Posted - 21 hours ago
$USO Bullish on Energy
Commodity analysts at Standard Chartered have noted that energy markets kicked off the new year with an overly pessimistic view of oil demand, and sees an oil price rally unfolding in the coming months. StanChart estimates that January oil demand clocked in at 100.24 million barrels per day (mb/d), good for a 2.67 mb/d year-over-year increase and 0.25 mb/d higher than StanChart’s latest forecast. StanChart has now revised its earlier 2024 demand growth forecast to 1.69 mb/d from 1.64 mb/d previously. The analysts have also predicted a sustained period of inventory draws in H1-2024, with the cumulative draw coming in at 185 mb compared with a H1-2023 build of 230 mb. StanChart has predicted that global demand will hit a new all-time high of 103.01 mb/d in May, with June setting a new record at 103.62 mb/d while August demand is expected to be even higher at 104.31 mb/d. StanChart says tightening oil markets will continue to power the oil price rally!😔😔
l4ndsh4rk
Posted - 21 hours ago
$XLE $GUSH $USO World still needs energy, what do you know
davooo
Posted - 22 hours ago
$USO The AI boom and Big Tech might be hogging all the media limelight right now, but the smart money is quietly piling into energy stocks. Indeed, the energy sector is the most crowded of all 11 U.S. market sectors, with the sector’s favorite benchmark, Energy Select Sector SPDR Fund (NYSEARCA:XLE) up 10.7% in the year-to-date compared to a 7.9% return by the Technology Select Sector SPDR Fund (NYSEARCA:XLK) and 9.4% gain by the S&P 500.
But not everybody is bothered by the energy sector’s huge momentum. Morgan Stanley remains pessimistic about the U.S. stock market overall; however, MS has upgraded energy stocks to overweight from neutral, noting that energy companies have lagged the performance of oil, and the sector is favorably valued.
“Taking the Fed’s recent messaging into account and assuming it is less concerned about inflation or looser financial conditions, commodity-oriented cyclicals and energy in particular could be due for a catch-up," they have said.
📯
Goodlongs
Posted - 22 hours ago
$USO , $UCO , $OILK , $CL_F Too much supply, cheating OPEC , US #1 producer.
No need for SPR at all.
CoyoteUgly
Posted - 22 hours ago
$USO ^
Rino_Rally
Posted - 23 hours ago
$USO $XLE go ahead and place the order for 300M barrels Mr. President before oil rips over $100🛢️ by summer. Huge election liability, dumped 45% of the SPR refills 2% $CL_F
Investorinss
Posted - 23 hours ago
OPEC cant afford high (oil) prices. Because they "might" have 5-10y left in the tank. High oil would just accelerate change, but what do I know. $USO $XOM $XLE $NVDA https://www.youtube.com/watch?v=AypUDutNK54
JLInvest
Posted - 23 hours ago
$SPY $QQQ all things up. $GLD up $IBIT up $USO up. Plenty was made about M2 falling in 2022 when the distortion in printing post pandemic was so great that even now, post tightening cycle, we are still far above the long-term trend of money supply growth. This is probably why we are back into bubble mode after just temporarily deflating the 2021 meme mania.
livecattlefutures
Posted - 1 day ago
$GDX $GLD $GOLD wow more of the same $USO $XOM
Goodlongs
Posted - 1 day ago
$USO , $UCO , $OILK , $CL_F Petrobras (PBR) Buys I-RECs to Achieve 100% Renewable Energy
Zacks Equity Research Published on March 27, 2024
PBR SUN MUSA AROC
Crude is doomed