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Energy Brief 236

Good Wednesday “Blue-Blood Moon day. Wow the eclipse was amazing as it fell below the western horizon before emerging from totality; simply beautiful. Today’s trade is stuck in the bearish cycle that began last week. After closing at a 3 year high of $66.14 on Monday this week, we have let the Bears gain a foothold in the midst of a Bull run. While this is not a bad thing, it shows we’re making, from a technical standpoint, a stronger…

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Energy Brief 235

Good Tuesday Morning! It’s crisp and clear here in Dallas and our markets are lost in a fog right now. We’re keeping an eye on several fronts to get a handle on direction, not the least of which is the value of the US dollar. A stronger showing in the dollar yesterday helped to tie a “sea-anchor” on the price of crude oil. With a slightly higher dollar, US commodities and those traded in dollars suffered. Adding to the confusion…

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Energy Brief 234

Good Monday Morning my friends, I’ve been all across the nation this am doing syndicated FOX radio and we’re getting a tremendous feel for what fuel prices are doing from everywhere. We’re down a bit this am and most of that is profit taking. It looks like most refineries have completed their turnaround or are finishing and we’re set for a complex run in the spring months. Adding to this morning’s confusion was last Friday’s Baker Hughes Rig Count. The…

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