Theoretical Positions: Traders are likely on the sidelines for now. Cash needs can still be bought on an as needed basis. Seasonal Analysis: Neutral The spot-month contract tends to trend [...]

Theoretical Positions: Traders likely moved to the sidelines given the market's seasonal downtrend during the rest of the summer season (see below). Seasonal Analysis: Bearish Seasonally, the market tends to [...]

Theoretical Positions: Traders are likely on the sidelines for now. Cash needs can still be bought on an as needed basis. Seasonal Analysis: Neutral The spot-month contract tends to trend [...]

Theoretical Positions: Traders might’ve bought near the recent weekly close of $64.58, a new 4-week high weekly close. If so, sell stops would be below the previous 4-week low weekly [...]

Theoretical Positions: Traders are likely on the sidelines for now. Seasonal Analysis: Bullish The spot-month contract closed Friday at $2.5418, up 18.31 cents for the week. The Commitments of Traders [...]

Theoretical Positions: Traders might've bought near last Friday's close of $64.58, a new 4-week high weekly close. If so, sell stops would be below the previous 4-week low weekly close [...]

Theoretical Positions: Traders are likely on the sidelines for now. Seasonal Analysis: Neutral The spot-month contract closed Friday at $2.1253, up 11.99 cents for the week. The Commitments of Traders [...]

Theoretical Positions: Traders are likely on the sidelines given the market’s contra-seasonal downtrend and continued backwardation of its forward curve (see below). Seasonal Analysis: Bearish The market remains in a [...]

Theoretical Positions: Traders are likely on the sidelines for now. Seasonal Analysis: Neutral The spot-month contract closed Friday at $2.0172, up 8.76 cents for the week. The Commitments of Traders [...]

Theoretical Positions: End users might've bought when the spot-month contract took out its previous 4-week high of $2.2010. If not, buy orders could be put in near last Friday's close [...]

Theoretical Positions: Traders are likely on the sidelines given the market’s contra-seasonal downtrend and continued backwardation of its forward curve (see below). Seasonal Analysis: Bearish Despite last week's higher close [...]

Theoretical Positions: There are no 2025 positions at this time. Seasonal Analysis: Bearish The spot-month contract closed Friday at $2.0664, up 7.32 cents for the week. The Commitments of Traders [...]

Theoretical Positions: Traders are likely on the sidelines given the market’s contra-seasonal downtrend and continued backwardation of its forward curve (see below). Seasonal Analysis: Bearish The spot-month contract closed Friday [...]

Theoretical Positions: There are no 2025 positions at this time. Seasonal Analysis: Bearish The spot-month contract closed Friday at $1.9932, its lowest weekly close since $1.9082 the week of August [...]

Theoretical Positions: Traders are likely on the sidelines given the market’s contra-seasonal downtrend and continued backwardation of its forward curve (see below). Seasonal Analysis: Bearish Seasonally, the spot-month WTI contracts [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Traders are likely on the sidelines given the market’s contra-seasonal downtrend and continued backwardation of its forward curve (see below). Seasonal Analysis: Bearish Seasonally, the spot-month WTI contracts [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Traders are likely on the sidelines given the market’s contra-seasonal downtrend and continued backwardation of its forward curve (see below). Seasonal Analysis: Bearish Seasonally, the spot-month WTI contracts [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Traders are likely on the sidelines given the market’s contra-seasonal downtrend and continued backwardation of its forward curve (see below). Seasonal Analysis: Seasonally, the spot-month WTI contracts tends [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Traders are likely on the sidelines given the market’s contra-seasonal downtrend and continued backwardation of its forward curve (see below). However, buy orders could be above the previous [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Traders are likely on the sidelines given the market’s contra-seasonal downtrend and continued backwardation of its forward curve (see below). Seasonal Analysis: WTI Crude Oil remains in a [...]