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May 3, 2013
-- Fed to Continue Intervention in the Markets April 24, 2013
-- Falling Gas Prices Could Boost Economy April 17, 2013
-- Global Growth Slowdown?April 10, 2013
-- Encouraging Signs in Housing Sector March 28, 2013
-- China Equity Lag Behind U.S.March 21, 2013
-- The Fed Continues to Push On March 13, 2013
-- The Grand Bargain March 6, 2013
-- Bull Market or Bull Trap February 28, 2013
-- Oil Prices to Test Economy’s Resiliency February 20, 2013
-- Best Investment over the Long Run?February 13, 2013
-- What is the State of the Union?February 6, 2013
-- The Next Decade for the American Economy January 30, 2013
-- Is the Fed leaving the US Economy at Risk?January 23, 2013
-- U.S. Fiscal Woes Threaten Global Economy January 16, 2013
-- The Debt Ceiling Looms Large January 11, 2013
-- Get Ready for the Debt Ceiling January 4, 2013
-- A lack of growth for the United States in 2013?December 19, 2012
-- Oil at $50 a barrel?December 12, 2012
-- Unlucky ‘13?December 5, 2012
-- Should Investors Stay Away from Investing Abroad?November 28, 2012
-- Time to get out of Mutual Funds?November 21, 2012
-- Major Banks Bearish on the Market in 2013 November 14, 2012
-- TAX BENEFITS November 8, 2012
-- Does the Election really matter?October 31, 2012
-- Is the Gusher Age coming back to save employment in the U.S.?October 24, 2012
-- Can China Avoid a Hard Landing?October 16, 2012
-- What is the impact of the “fiscal cliff” that our home economy is headed towards?October 4, 2012
-- The Federal Reserve & The Future of the US Economy September 26, 2012
-- Is the housing market really rebounding as fast as everyone thinks?August 29, 2012
-- Goldman Sachs says Crude will go up……Eventually August 24, 2012
-- This isn’t driving season, it’s grilling season!August 16, 2012
-- Are Treasuries fueling our recovery?August 2, 2012
-- Is the dream of double-digit growth over for the BRICs?July 26, 2012
-- Panda Bears are heading into the market!July 11, 2012
-- What can Cinnamon Toast Crunch tell us about commodity prices and inflation?June 28, 2012
-- Is Europe the biggest factor influencing a potential US market collapse?June 22, 2012
-- Has Oil hit a bottom and ready to rebound?June 14, 2012
-- Is the risk trade back on in the commodity sector?June 7, 2012
-- Who gets bailed out first; China, Europe or the United States?May 30, 2012
-- Greece or Spain; who is jumping off the Euro train first?May 23, 2012
-- “For those who think interest rates have got to go higher … think again!!”May 16, 2012
-- JPMorgan Shakes the Financial Markets May 10, 2012
-- You’ve heard the bears trashing the greenback; let’s see what the bulls are saying May 3, 2012
-- Is the Dollar losing its global status?April 25, 2012
-- Is America’s biggest Oil producer moving east?April 20, 2012
-- “Those Evil Speculators, They Are Everywhere!”March 23, 2012
-- Is The Oracle of Omaha, Warren Buffett, dead wrong on Gold?March 2, 2012
-- Is China using Gold as a mechanism to replace the dollar as the world’s reserve currency?February 23, 2012
-- Is the Transportation sector the key to a coming correction?February 15, 2012
-- Is the market due for a correction in the very short term?February 8, 2012
-- Is it time to buy Gold again?February 1, 2012
-- Social media IPOs: gold mine or new bubble?January 26, 2012
-- Get Ready for a Stock Market Reversal January 25, 2012
-- Europe’s Rocky Road Ahead January 18, 2012
-- Why oil prices will stay high January 12, 2012
-- Gold Could Hit $1,940 an Ounce January 11, 2012
-- Crude Oil: The Best Bet for 2012 January 9, 2012
-- Markets cautious ahead of Merkel, Sarkozy meeting December 30, 2011
-- Resolving the European Debt Issue: The French Are Pitching in With Their Austerity Measures December 28, 2011
-- For the gold bugs …December 28, 2011
-- Euro at 11-month low; S&P 500 erases 2011 gains December 16, 2011
-- Gold headed below $1,500?December 9, 2011
-- The Rising Fear in Bank Stock Prices December 8, 2011
-- Gold: Five reasons why 2012 will be golden year for investors November 30, 2011
-- Dow Jones Skyrockets October 7, 2011
-- Operation Twist is in Effect September 30, 2011
-- Are We Heading Toward Another Recession?September 21, 2011
-- All Eyes are on the Fed This Afternoon August 26, 2011
-- All Eyes Are On Ben Bernanke This Morning August 3, 2011
-- U.S. Debt Visualized: Everyone needs to see this July 28, 2011
-- Is it Safe to Bet Against Conventional Wisdom? Low Interest Rates, Not Higher!!July 27, 2011
-- Home Prices in 20 U.S. Cities Fell 4.5% in Year July 27, 2011
-- Oil at $120 Becomes Biggest Energy Bet as Futures Leave Forecasters Behind July 21, 2011
-- Gold Rises in Longest Rally Since 1981 July 11, 2011
-- Wall St to open lower on global financial fears June 30, 2011
-- What to expect in late July after the recent market rally.June 30, 2011
-- Gold Bull Still Has Legs June 28, 2011
-- Why Some Pros Still Believe a Big Stock Rally Is Coming June 23, 2011
-- America’s own ‘Lost Decade’June 16, 2011
-- So that’s where all the jobs went!! You are in the wrong state.June 15, 2011
-- Euro Falls to Lowest This Month Versus Dollar on Greece Bailout Deadlock June 15, 2011
-- U.S. stock futures fall sharply on economic data June 10, 2011
-- Slow economy weighing on stock market, finally June 2, 2011
-- Are Commodity Prices Headed Higher?May 26, 2011
-- 7 Signs That Endgame Nears in Greece May 25, 2011
-- Gold Rises to 3-Week High on Europe Turmoil May 23, 2011
-- Is “Sell in May and Go Away” Confirmed by the Dollar?May 19, 2011
-- Are America and China Heading Towards Stagflation?May 13, 2011
-- So About That Speculative, And Undisputed, Silver Bubble…May 12, 2011
-- Energy Prices Heading Higher?April 27, 2011
-- Is the Age of America Coming to an End?April 27, 2011
-- Should gold bugs fear dollar’s revenge?April 21, 2011
-- Is the U.S. Banking System Still Broken?April 18, 2011
-- Gold Surges to Record as Global Inflation Concern Stokes Demand April 18, 2011
-- Gold Advances to Record on Global Inflation Concern and Weakening Dollar April 15, 2011
-- Radical gold bugs keep confidence April 13, 2011
-- Bill Gross Bets against U.S. Government Debt April 7, 2011
-- Is Your Mortgage Interest Tax Deduction in Danger?April 5, 2011
-- Mortgage interest tax deduction may be in danger March 31, 2011
-- The End of QE2?March 25, 2011
-- Gold Hits a New All-Time High Today March 10, 2011
-- Equity Bull Market Turns Two March 3, 2011
-- Gold Makes Record High February 25, 2011
-- Treasuries Head for Biggest Weekly Gain in a Year on Libya, Revised Growth February 25, 2011
-- Oil could hit $220 a barrel on Libya and Algeria fears, warns Nomura February 24, 2011
-- Will Oil Rise to $220 per Barrel?February 17, 2011
-- Is our Federal Budget Deficit Flying in the Danger Zone?February 9, 2011
-- Should you be long stocks on the first day of the month?February 3, 2011
-- What Are the Ramifications and Opportunities with $120 Oil in 2011 January 25, 2011
-- Long term effects on the gold price could be spectacular January 25, 2011
-- Oil above $100 – Get used to it January 25, 2011
-- Gold to hit $1600; Silver to touch $40 January 19, 2011
-- 3 Rules for Positive Returns in 2011 January 11, 2011
-- The Fed’s QE2 Traders, Buying Bonds by the Billions January 11, 2011
-- Gold, Silver Rise on Mounting Demand for Haven Amid Portugal Debt Concern January 11, 2011
-- Global Regulators Quietly Agree to Target Credit Bubbles December 30, 2010
-- Unemployment benefit applications drop sharply December 28, 2010
-- China Rate Increases in 2011 May Be Front-Loaded as Inflation Accelerates December 7, 2010
-- Bernanke on ’60 Minutes’: Grim outlook for jobs November 22, 2010
-- Hyperinflation is Guaranteed if U.S. Stays on Current Path November 9, 2010
-- What’s Next for China After Saving the World?October 18, 2010
-- The Japan Syndrome Goes Global October 6, 2010
-- Inflation on the Horizon? This Analyst Thinks So.October 1, 2010
-- Can an ETF Collapse?September 30, 2010
-- Is John Paulson’s Super Bullish Call On Housing Insane?May 12, 2010
-- Yu-Dee Chang: Opportunities for managed futures funds April 8, 2010
-- Opalesque Futures April 2010

Has Oil hit a bottom and ready to rebound?

June 22, 2012

Over the past six weeks WTI Light Crude Oil has sunk more than 25%. This drastic move has been fueled by constant doom and gloom coming from Europe and its impact on global economic growth.

This week’s poor data out of China further weakened the price. Now many analysts are predicting more movement to the downside. Never mind what OPEC officials have recently stated regarding where they would like to see Crude, television experts seem to be drastically retreating from the Energy risk trade.

Jeff Clark of Dailey Wealth focuses on a different view from a technical prospective:

“As you can tell from the chart below, oil is approaching the support line at last October’s low. That should at least cause the decline to pause. Also, the price of oil is now 18% below its 200-day moving average line. Oil rarely moves further away than that, before reversing and trending back toward the line.

Oil may not have bottomed for the year. But it has fallen so far and so fast that traders should be prepared for a short-term bounce.”

Read more from Jeff Clark at Daily Wealth: Is Oil Ready to Bounce?

Where do you see WTI heading? Will the $75 per barrel price support hold or will we see prices that haven’t been seen since the crash of 2008?

Email us at iinvest@chesapeakeinvestment.com.

“Always invest your time before you invest your money”

Chesapeake Investment Services
Managed Futures Specialists

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