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Oil is trading at a premium based on historical data points. U.S. supply is beginning to come online again. Increased oil demand for energy in the EU is likely only temporary. Global recession risk is rising. The Iran deal is likely to close. (Editor's Note: CL1:CO...
Gainers: Pacer Ipath Gold Trendpilot ETN ( PBUG ) +46% . BMO MicroSectors U.S. Big Oil Index 3X Leveraged ETN ( NRGU ) +28% . ProShares Trust II - ProShares UltraPro 3x Crude Oil ETF ( OILU ) +25% . Direxion Daily MSCI Mexico Bull 3X ETF ( MEXX ...
EIA weekly data is likely underestimating U.S. implied gasoline data by overstating gasoline exports. This will all be corrected in the monthly report, but in the meantime, we think EIA is underestimating demand by ~300k b/d. Going forward, we see demand bottoming now. One good pr...
Gainers: Direxion Daily S&P Biotech Bull 3x Shares ETF ( LABU ) +44% . Axs 2X Innovation ETF ( TARK ) +22% . ProShares Trust II - ProShares UltraPro 3x Short Crude Oil ETF ( OILD ) +22% . Bank of Montreal Microsectors Travel 3X Inverse ( FLYU ...
EIA reported that the U.S. implied gasoline demand on a 4-week basis is now below 2020. This raises far more questions than answers, as all the other empirical data suggests otherwise. While we do acknowledge that demand has weakened, one has to question if it's that weak. Sad...
EIA reported a very bullish oil storage report yesterday. U.S. crude with SPR fell below ~900 million bbls last week, and on a YTD basis, U.S. crude with SPR is down ~105 million bbls. Gasoline demand rebounded strongly last week, with the core 3 showing some signs of recovery. ...
The United States Petroleum Reserve, aka the "SPR," holds hundreds of millions of barrels of crude oil in case of an emergency. Over 129 million barrels of oil have been released from the SPR over the past 12 months. 3 critical facts investors must know about the SPR. Ev...
We have been cautious since June, but following the recent pullback in energy equities, we are fully invested again. For energy investors, China's oil demand, OECD oil demand, and 4 other factors will be the key drivers of the oil market going forward. Under our base case, we have...
The latest oil price volatility has everyone scratching their heads. Without any real fundamental changes to the market, why have oil prices fallen so much? We believe the market is trying to test just how low oil prices could go before demand starts to rebound. We think that ...
U.S. implied oil demand continues to disappoint. We believe the market has figured out the "upper band" of where oil prices can go. Over the summer, crude should remain in a range, while refining margins fall. If demand improves, we could see crude move higher to $130/$135. But th...
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2024-04-13 16:26:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
A look at the top 10 most actives in the United States Next.e.GO N.V. (EGOX) rose 90.8% to $0.075 on volume of 125,000,352 shares Fisker Inc. Class A (FSR) fell 28.2% to $0.08965 on volume of 60,620,440 shares Lucid Group Inc. (LCID) rose 17.3% to $3.2489 on volume of 33,193,462 shares ...
A look at the top 10 most actives in the United States Ontrak Inc. (OTRK) rose 214.5% to $0.5975 on volume of 79,666,583 shares Direxion Daily Semiconductor Bear 3X Shares (SOXS) rose 5.0% to $3.7703 on volume of 36,416,698 shares Enveric Biosciences Inc. (ENVB) rose 35.5% to $1.49 on vol...