Trump Says Banks Are Not Lending

Regardless of who you are or how much money you have, banks are just not lending, says Donald Trump, Trump Organization chairman & president.Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrad...

Hugh Hendry Latest CNBC Video, March 2009

VIDEO 1 Latest Hugh Hendry video interview on CNBC. Hugh Hendry is my favourite hedge fund manager and TV commentator. Fantastic videos. Hugh Hendry thinks we are in a deflationary spiral. VIDEO 2 Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader....

Did the Devil turn the S&P at 666?

In modern popular culture, 666 has become one of the most widely recognized symbols for the Antichrist or, alternately, the Devil. Earnest references to 666 occur both among apocalypticist Christian groups and in explicitly anti-Christian subcultures such as that surrounding some heavy metal bands. An appearance of the number 666 in contemporary Western art or literature is more likely than not an intentional reference to this number of...

Arthur Cashin: Bear Market Rallies are Short, Violent, Sharp

Art Cashin, director of floor operations for UBS Financial Services said that "in the old trader`s handbook says that bear market rallies are short, violent, shart and die on low volume." "Readers have to watch the volume. When volume dries up, the market will roll over." "We are going to have some kind of a retest on the lows. Yesterday`s rally was 70% short covering." Oil Traders Blog is a website for active online oil...

Hugh Hendry says Short Stocks, Buy Dollars

Hugh Hendry told CNBC today:"I've honestly never known a time of near-universal conviction that we have to worry about inflation today. For quantitative easing there's no successful precedent. It has never, ever succeeded."Hugh Hendry is very bullish on the US dollar and said,"I can't buy enough dollars"Hugh Hendry is short on precious metals and does not fear inflation:"Gold, silver, I'm shorting them right now. (Inflation) is coming back...

Meredith Whitney Video - Credit Cards Companies will be Unprofitable This Year

Meredith Whitney talks to Maria Bartiromo and comments the landscape for the credit cards. Are they the next shoe to drop? Meredith said she would buy Goldman Sachs at 70, not at 100. Goldman Sachs and Morgan Stanley will benefit from taking more market share. The other players are out of the market....

Meredith Whitney says Credit Cards are the Next Shoe to Drop

Meredith Whitney wrote in the Wall Street Journal that "credit cards are the next credit crunch," as contracting credit will lower consumer spending and hurt the U.S. economy even more."Few doubt the importance of consumer spending to the U.S. economy and its multiplier effect on the global economy, but what is under-appreciated is the role of credit-card availability in that spending," Whitney told the WSJ.American Express, Visa and Mastercard...

Outlook for Oil Prices and Energy Stocks

Tim Seymour on the oil market outlook: - Opec meeting next week; - Contango is diminishing, going away, that is bullish for oil prices; - Conoco makes sense in a relative basis at least, higher beta play then Exxon; - European oil stocks are cheap, BP and Total with 9% and 7% dividends; Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the...

Chinese Deflation?

China's CPI fell for the first time in 6 years last month, raising the threat of deflation. Consumer Price Index fell 1.6% from the year before, with easing food prices contributing to the decline. Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrad...

Dennis Gartman says Buy US Stocks

It’s time to become bullish. Buying stocks these days is almost like shopping at a five and dime." In other words, they're real bargains out there. This week I started buying stocks.Because they're the maker of real things. Things that if you dropped on your foot they would hurt. It’s time to stand up and say I want to own wonderful companies that have been around for years and pay dividends. And most of these stocks have stopped making...

Warren Buffett sees High Inflation Ahead, Video

"We are certainly doing things that can lead to a lot of inflation"Warren Buffett on CNBC, March 09, 2009These are the interview highlights:"The economy, ever since we talked in September, we talked about it being an economic Pearl Harbor and how--what was happening in the financial world would move over to the real world very quickly. It's fallen off a cliff, and not only has the economy slowed down a lot, people have really changed their...

Oil Keeps Rallying

Oil prices hit new highs for the year, as the oil rally continues.Oil has been ready for a recovery, and historically it's hard to find a 30-day window kinder to the market than about March 15 through April 15, said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service.The sazonality is good for oil prices and they are coming out of a very oversold condition so prices should continue to go higher.Oil Traders Blog is...

Dresdner Kleinwort Technical Analyst says Oil Will Move to 51 USD

Oil may rally near $51 a barrel if the market continues to close above its 55-day mean, according to technical analysis by Commerzbank AG’s Dresdner Kleinwort unit.“Nymex crude continues to show signs of embryonic recovery in its range,” Dresdner analyst Karen Jones said in a research note today. “We look for recovery to $50.50 to $51.”Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant...

Bloomberg`s Energy Page

Bloomberg`s Energy dedicated page is a good resource for oil traders. In this page you can track oil prices, natural gas prices and the market moving news.Here is the Link.Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrad...

Jim Cramer: Worst Case Scenario for Dow Jones is 5320

Jim Cramer run a study on the DJIA and his worst case scenario for the index is 5320. That would be the most extreme scenario, where Alcoa would trade at 2 dollars per share, Dupont at 11, Exxon at 56 and JP Morgan at 11.Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrad...

Jim Cramer: Buy Oil Stocks

Oil has bottomed, Jim Cramer said during Wednesday’s Stop Trading! on CNBC. He recommended that investors start buying the oil stocks like Occidental Petroleum, Exxon Mobil and Hess.“Most of these companies are going to make a lot of money” Cramer said, as long as oil stays above forty dollars a barrel.Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the...

Boone Pickens on Oil Prices

Boone Pickens forecasts that the price of oil will rise to 75 dollars/barrel by the end of 2009 as the economy starts its recovery.Still, he expects demand is going to surpass supply by 2011, and the price of oil will once again jump up.“I say 60 a barrel before it drops below 40” said Pickens to the business TV channel CNBC.Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy...

Futures Down in Pre Market Trading

Oil futures are falling 3 percent in pre market Globex trading, after yesterday`s rallyn, as U.S. stock futures pointed to a lower opening on NYSE. Crude oil for April delivery fell 1.2 dollars, or 3 percent, to 44.2 a barrel on Globex.Traders are disappointed with the lack of new stimulus packages from China officials and are selling oil and other risky assets like the australian dollar and stocks.Oil Traders Blog is a website for active...

China`s Manufacturing Data, PMI Rose in February

The main gauge of China's manufacturing sector, its PMI, rose in February, suggesting the biggest asian economy is already recovering. Chinese PMI index rose for the 3thh month in a row in February as factories restocked in anticipation of an early revival in the economy following the chinese stimulus package.The figures were contrast to data released earlier this week in the United States, which have showed the economy is still contracting.This...

Supertankers are Anchored

Supertankers that once travelled the world to satisfy a rising thirst for crude oil are now parked offshore, loaded, anchors down. In the United States, vast storage farms for oil are almost out of room. So oil companies and investors are stashing crude, waiting for demand to rise and the bear market to end so they can turn a profit in a future oil bull market.As demand for crude has fell of a cliff, the world suddenly finds itself awash...

Doug Casey Long Term Picks

Doug Casey gave an interview recently where he outlined his long term trend investment picks:"In terms of long term trends you have got to be long gold, long silver, long oil; you have to be short bonds. "Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrad...

Oil Crashes on Market Turmoil

Oil is down sharply today in line with the stock market and all other risky assets. Even Gold is down today. Is this a capitulation type of selling? Is this a final climax selling? We will find out soon.I recall Rockfeller`s words, "the time to buy is when blood is running on the street".Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or...

Gold to Oil Ratio

There is an interesting article about the Gold to Oil ratio in the Street.com website. Recently Gold traded at 25 times the oil futures price and that is near an historical high.Oil Futures trading will be volatile in the next few weeks and we expect oil to form a major bottom in the 30 to 40 dollar range.Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for...

Oil pulled lower by U.S. GDP data

NYMEX Crude Oil Futures for April delivery fell 0.80 to settle at 44.44 a barrel.That is 11% higher than Monday`s opening price. Even though, many oil traders say there is little chance prices will hold in the current economic environment, which has led to an anemic demand for energy. The sentiment is still bearish for oil prices.Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and...

Is USO under Investigation?

Today there is an article about a possible pending investigation in the United States Oil Fund in the Reuters Website:United States Oil Fund LP is not under investigation, despite the massive futures position the firm's exchange-traded fund holds in the U.S. crude oil futures market, the U.S. Commodity Futures Trading Commission said on Thursday."There is no indication there is an investigation," CFTC spokesman R. David Gary said. He added,...

Doug Casey is Bullish on Oil

Doug Casey, the famous investor and best-selling financial author and entrepreneur is bullish on oil.He said in an interview that "I don`t think oil will stay where it is. I think oil`s eventually headed back to 150 dollars a barrel or more". Doug Casey added "I would say that oil is a good thing to own. Oil is a real buy now. It is as good a buy at 40 as gold is at 900 right now. Maybe a better buy"Doug has written a monthly investment...

Oil near a Month High

Oil futures rose, trading near the highest in a month, as stronger equities markets and declining U.S. gasoline supplies increased speculation that fuel demand may improve. Yesterday, the contract rose 2.54 dollars a barrel, or 6.4%, to 42.50 a barrel, the highest settlement since January 26.Word on the Trading Desks:“The market is consolidating after last night’s gains on the back of a fairly bullish U.S. fuel inventories report” Andrey...

Oil Rallies on Inventory Data

For the second week in a row the inventory data fuels a rally in the crude oil NYMEX futures. This is the time to get in this market as a long term bottom maybe already made."Crude oil futures jumped about 2.5% in New York after government inventory data showed a smaller-than-expected buildup in oil stocks, and a sizeable drawdown on gasoline stocks. That could be a sign of a tepid recovery in demand in the world’s biggest oil-consuming...

Oil Rallies Over 4% and Trades along the Stock Markets

Crude oil was little changed this morning after rallying for the first time in 3 days as the U.S. stock market advanced. Oil futures climbed 4% yesterday.This is the word on the oil traders desks:“People do look at the Dow and the S&P for signs that the economy is recovering and if the economy picks up then oil demand will pick up” Clarence Chu, a trader at Hudson Capital Energy"The equities rally is supporting the market" Tony Machacek,...

Contango Impact on USO

I found a very good article on the contango in the oil market and its effect on the Oil ETF, United States Oil Fund or USO:USO: Death by a Thousand Contango Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrad...

Interesting Article on Oil and USO

This is an interesting part of an article on Oil I have found in Seeking Alpha: "Be a contrarian: Crude has fallen an unprecedented amount. This has caused USO to implode nearly 80% from last year's highs. It has simply dropped too much in too short of a timeframe. Those who have the risk tolerance to buy now, set themselves up for the biggest reward. To exploit an over-reactive market, prudent buyers hone in on unpopular ideas, and USO...

Oil Performs

Oil was the second best performing investment of last week, just behind Gold. I highlight the difference in performance between Gold and Oil during the last 52 Weeks. While oil is down 60%, Gold futures are up 6%. The contango has been brutally diminished and we are calling a bottom for the oil prices.Oil Traders Blog is a website for active online oil futures...

Merrill Lynch calls a Bottom in Oil

Merrill Lynch's Gary Dugan told the British Newspaper Weekly Telegraph he expects oil prices to rise from these levels. "We believe that oil will bottom out at around $30, and will average between $40 and $45 over the course of 2009" Gary Dugan, MLOil Traders Blog is a website for active online oil futures or ETF traders. We provide research and relevant oil and energy related news for the oil trader or daytrad...

George Soros adds to Energy Stock

George Soros, the famous hedge-fund manager bought more stock of Petroleo Brasileiro SA and Potash Corp. of Saskatchewan Inc. in the fourth quarter, almost doubling its holdings.Soros Fund Management LLC bought 16 million shares of Petrobras’ U.S.-traded stock, bringing its stake to 1.45 percent, according to a filing yesterday with the U.S. Securities and Exchange Commission. Petrobras and Potash are now the firm’s two biggest reported...

CNBC Commodities Page

CNBC now has a nice page where you can follow most commodity futures prices, like energy futures, agricultural futures, metals futures like gold and silver and commodities related ETF`s.Beside the quotes CNBC also displays some basic commodity charts and futures charts.A page to Bookmark if you are interested in commodity futures trading or online trading in gener...

Supply Problems Ahead?

The International Energy Agency said on Monday there could be an oil market supply crunch from next year once global oil demand begins to recover.The IEA's executive director, Nobuo Tanaka, told reporters on the sidelines of a conference in London that he expected world oil demand to resume growth from next year."Currently the demand is very low due to the very bad economic situation but when the economy starts growing, recovery comes again...

Reuters/Jefferies CRB Index at a Five Year Low

An Energy Department report tomorrow will probably show U.S. crude oil inventories rose 3.2 million barrels last week, according to the median of 11 analyst responses in a Bloomberg News survey.The Reuters/Jefferies CRB Index of 19 commodities prices fell yesterday to 203.25, the lowest since June 21, 2002, and has slipped 11 percent this year.If you are considering commodities futures trading maybe its time to begin buying some commodity...

Bad Economic News in Asia sends Oil Lower

Following Monday's report that the japanese economy contracted by the most since 1973, a Reuters poll showed confidence among japanese manufacturers is near record lows and service sector sentiment fell to its worst levels ever.Contango diminished Friday with the huge rally on ths front month future contract. If contango disappears, long term investors may begin to consider taking big long oil positions. But with this type of contango all...

Oil and Gasoline Price Divergence

The USA Today has an interesting article on this price divergence between NYMEX curde oil prices and gasoline retail prices, Low oil prices are not translating into low gas prices.Bespoke Investment Group also performed a good analysis on this divergence:And their respective Exchange Traded Funds performance year to date:Last week in the Wall Street Journal,...

Jeremy Grantham on Oil

In a recent interview Jeremy Grantham talked about the NYMEX Crude Oil Futures market and here is the transcript of the most important parts of that interview:"(...) But what people underestimate, even in the oil industry, is how volatile the asset class is. In other words, if the trend is 65 dollars a barrel, it is fairly routine for oil to sell below half, say 30 dollars a barrel, and more than double, say 145.And people never get that....

Major Short Covering Rally

NYMEX Crude Oil futures surged in the last trading day of the week, rallying more than 10%. A major short squeeze went through as investors bought the front month contract on the heels of 5 consecutive down days. Oil was at a 2 month low. Some investors who had been shorting the March contract were also buying back the contract to cover their short positions before the contract expires. Crude for March delivery ended up 3.53 dollars a barrel,...

IEA Warns of Possible Supply Problems Down the Road

World oil demand will contract in 2009 by the most since 1982 due to extreme economic weakness around the world, the International Energy Agency printed in their monthly energy report.Supply will be lower than previously expected this year but underlining that the world economy is risking a new price surge when demand recovers.Global demand is expected to diminish by 980,000 barrels per day to 84,700,000 bpd in 2009 while lsat month the...

IEA cuts Demand Forecasts for OIL

"The International Energy Agency on Wednesday subtracted 570,000 barrels a day off its 2009 world oil consumption forecast due to weak global economic activity and warned that increasing trade protectionism could further damage energy consumption.In its latest downward demand revision, the IEA forecast world oil consumption to slow to 84.7 million barrels a day, representing a drop of one million barrels a day, or 1.1%, from 2008 and the...

Oil Down on Bank Rescue Plan

Crude Oil NYMEX futures dropped to a 3 week low on skepticism about the U.S. government’s bank rescue plan. Oil dropped as much as 5.6% after Treasury Secretary Timothy Geithner said he is exploring a range of different structures to bail out lenders. Later today, a U.S. government report will probably show that crude oil stockpiles increased 2.75 mln barrels last week, according to the median of 14 analyst forecasts in a Bloomberg News...

A Big Explosive Move Coming?

Contrary to early 2008, oil and the stock market are now marching in lock-step. As the stock market's trading range tightened, oil's has done likewiseand volatility is down.Can we have an explosive move, up or down from these levels? A tight consolodation like this is a technical sign that a big move might occur soon. Oil is currently trading between 40 and 50 dollars a barrel. These are the support and resistance areas oil traders are...

OPEC is Cutting But Not Fast Enough

OPEC is cutting but not fast ebnough to catch up with the US demand destruction:"The Organization of Petroleum Exporting Countries cut crude-oil output by nearly 1.3 million barrels a day in January in an attempt to tame the supply glut that is anchoring prices near 40 a barrel.But as the cartel tightened the taps, crude-oil inventories in the U.S. were increasing...

Inflation Adjusted Record Low for Oil is 18.90 USD in 1986

Some analysts predict oil prices could fall to as low as 25 dollars a barrel in the second quarter comparing to the inflation-adjusted record low for Nymex oil is at 18.90 dollars a barrel, hit on April 1, 1986. In non-adjusted dollar terms, that low was 9.75 dollars a barrel, the only time in NYMEX history that oil fell below 10 dollars a barrel. When trading crude oil futures or oil ETF`s always look to trade with very low comissions...

United States Oil Fund reaches Record Investment Levels

Retail investors have poured record amounts of money into oil ETFs. Investment Data showed investment in oil ETFs like USO, DBO and OIL, a easy way to invest in oil for retail investors, has reached record levels. The number of crude futures contracts held by the United States Oil Fund the largest oil ETF, hit a record high near 80,000 recently.Oil Has Its Biggest Annual Fall Ever in 2008Last year, the commodity proved one of the best ways...

USO Oil ETF still Below 10 Day EMA

The most active oil ETF is still trading below its 10 day Exponencial moving average. I am looking forward to buy on the crossover. Risky assets like the australian dollar, stocks, copper are being bought in the last few trading sessions. The stage is set for an Oil Ral...