Wealth Creation Through Natural Resources
Via Bespoke: The chart is pretty self explanatory, but nonetheless stunning. It hasn’t been this bad for commodities since the post-dotcom crash recession, and in many ways it’s much worse than it was in 2002. A few takeaways from … Continued
Energy stocks have been in a steady downtrend for more than 2 months. Today investors received the strongest indication yet that a reversal might be at hand with the two largest energy sector ETFs (OIH and XLE) both printing large … Continued
At the beginning of May we pointed out that energy stocks were set for a pullback. Now after dribbling lower for the last month it’s time to get back into energy equities: A large bullish outside reversal following this … Continued
After a record run of 16 consecutive weekly U.S. crude oil inventory builds the tide has turned and we are currently experiencing a streak of 4 consecutive weekly drawdowns: Via Sober Look Given that we aren’t even at peak demand … Continued
We have been cautious and calling for a pullback in energy stocks for a couple of weeks. Like clockwork, a 3-5% correction in the majority of energy names has since come to fruition. However, it might be time to begin adding … Continued
After months and months of inventory builds to extreme record levels crude oil has finally begun to see some draws including a surprise 2.2 million barrel draw last week: There are likely to be additional inventory draws over the … Continued
After being absolutely crushed during the 2nd half of 2014, thus far energy stocks are one of the best performing sectors in 2015. However, that may be about to change as a number of technical factors indicate that the 2015 energy … Continued
Back in January and February when the crowd was extremely bearish on crude oil we witnessed a striking bullish divergence in the strength of energy stocks. This relative strength from energy stocks proved to foreshadow the bottom that crude oil … Continued
Wednesday morning we highlighted mega uranium producer Cameco (CCJ, CCO.TO) and the potential for multiple chart pattern breakouts along with improving fundamentals. Since then Cameco shares have rallied ~10% and broken out above a 13-month downtrend line while completing a rounding … Continued
After enjoying a meteoric rise between 2002 and 2007 Cameco (CCJ) has endured an extremely challenging few years since the Fukishima disaster in March 2011: Technically speaking, there are a lot of positive developments in the CCJ chart including … Continued