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 [...]
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 [...]
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 [...]
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 [...]
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. [...]
