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Here’s How I Know Oil Is Now Oversold

Here’s How I Know Oil Is Now Oversold

This week, oil prices peeled back to their lowest levels since March.  Despite OPEC’s cuts in early April and Goldman Sachs (GS) projections that oil would hit $95 very soon, the black commodity has been sinking fast.  The June 2023 futures contract sank from about...
It’s Time to Trade Oil… Like This…

It’s Time to Trade Oil… Like This…

Over the weekend, the global oil cartel OPEC announced plans to cut production by 1 million barrels per day by the end of the year. The news sent crude oil prices into the stratosphere.  West Texas Intermediate crude – the U.S. benchmark – rose more than 6% and pushed...
The Insiders Are Buying

The Insiders Are Buying

Executives who sell their stock could do so for any reason.  Perhaps a CFO needs to send a child to college. Or they own a jumbo mortgage payment. Or maybe they believe that their cyclical business is facing strain. There are a large number of reasons why executives...