The ACD Method

I'm trying to determine what's going on in the energy space. As mentioned previously by Mav, crude has really underperformed since hitting 100.

With UNG under its monthly, and previous superheros like APA and OXY under their monthlies, what's the fundamental take on energy right now?

Throwing this out to anyone in the forum now, not sure if anyone follows this stuff, (I just get curious). :)
 
Quote from Maverick74:

Gold at the intra-day A down at 1662. ES A down at 1226.50. XLF 12.77.
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I went long GLD on Thursday at 166 given it looked like it was bottoming just above one my levels and a bounce was expected. It indeed bounced on friday but unable to get through my weekly OR, a clear signal that mean reversion wasn't the name of the game and reversed the position.
New day, new week, let's see how price behaves around the new levels and if it makes sense taking profits or letting it run.
 
Quote from Quon:

I'm trying to determine what's going on in the energy space. As mentioned previously by Mav, crude has really underperformed since hitting 100.

With UNG under its monthly, and previous superheros like APA and OXY under their monthlies, what's the fundamental take on energy right now?

Throwing this out to anyone in the forum now, not sure if anyone follows this stuff, (I just get curious). :)
More...

The inventory numbers have been bearish for quite some time now. The heated talk out of Iran has calmed down some as well. Very very few people believe Oil can stay above $100 without very strong economic data coming out of China.
 
Quote from Maverick74:

The inventory numbers have been bearish for quite some time now. The heated talk out of Iran has calmed down some as well. Very very few people believe Oil can stay above $100 without very strong economic data coming out of China.
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I was thinking the Iran situation, and the build in inventories, but wasn't thinking about the lack of strong data in China and it's relationship to 100/barrel. Much appreciated, great insights.

Thanks Mav
 
Quote from Quon:

I was thinking the Iran situation, and the build in inventories, but wasn't thinking about the lack of strong data in China and it's relationship to 100/barrel. Much appreciated, great insights.

Thanks Mav
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China is "the" driver in Crude demand. Ultimately over the long run, China will probably send Crude to $250. But China's demand should be tame for awhile.
 
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