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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Davy Crockett who wrote (18056)3/28/2016 3:59:21 PM
From: John Pitera1 Recommendation

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sixty2nds

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The weekly 10 Year Weekly Brent Crude chart has several bearish characteristics on the weekly time frame which are described in the chart. A Quandary for the Energy service sector and the E & P, Drillers, Integrated etc is that there is so much money that has been looking to enter into the Energy area that it is drawing out the process of eliminating excess supply on a global basis.

he weekly WTIC chart is a not showing


The weekly WTIC chart is structurally in somewhat better shape than Brent Crude.... it will be fascinating to see how the discrepancy plays out and what happens with these markets over the course of the year. it's very doubtful that a resolute bottom in commodities is in place yet.



John

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