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Please note the following time change. The daily energy webcast for today, Wednesday 22 November, will be held at 3 pm EST instead of 4 pm EST. We will resume our regularly scheduled broadcast at 4 pm EST Friday 24 November. Wishing all a Happy Thanksgiving.
Please note the following time change. The daily energy webcast for today, Wednesday 22 November, will be held at 3 pm EST instead of 4 pm EST. We will resume our regularly scheduled broadcast at 4 pm EST Friday 24 November. Wishing all a Happy Thanksgiving.
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Note: While we are forced to treat any sideways to higher price action as temporary relief for an overextended condition, I suggest keeping a close watch on this weekend’s emergency meeting of the Arab League in Riyadh to see if we may need to quickly alter our posture. For us to seriously entertain the possibility for the end of 1) an a-b-c pattern down from the September highs and 2) an early seasonal cycle bottom, low hanging resistance must be decisively exceeded across the board.
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