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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (52786)12/18/2018 2:15:17 PM
From: Goose94Respond to of 203330
 
Gas Prices in Greater Shitty of Sudbury. gasbuddy.com Where's the correction in prices with crude oil below US$48? 1999 crude below US$20 gas was 48 cents a litre.




To: Goose94 who wrote (52786)12/18/2018 2:43:39 PM
From: Goose94Read Replies (1) | Respond to of 203330
 
Crude Oil: When I was last on I had switched from being a bear to a bull and showed off our SER energy bull mascot. At that time, our three checklist items to turn bullish on both oil and natural gas had all occurred. Those three conditions were: we wanted to see WTI below US$60 a barrel (low US$49.41 a barrel on November 28), the S&P/TSX energy index below 160 (it was 144 on December 10), and lastly the S&P Energy Sector Bullish Percentage Index to fall below 10 per cent (it fell to 3.45 per cent on November 27). We previously mentioned that investors should take advantage of the tax loss selling season in the first and second week of December to get appropriately invested. The energy bargains are there now!

The cathartic tax loss liquidation was the final phase of this bear market. A new energy bull market which could last five plus years should start early in the new year. Natural gas will become the best performing commodity and this is clearly being seen by the sharp rise the NYMEX natural gas, as low inventories and colder winter weather affect demand.

Josef Schachter on BNN.ca Market Call Monday Dec 17th @ 1300ET