Is everyone bearish oil yet? – Commodity Research Group

January 15, 2016 by Jim Colburn Leave a Comment

Here is a recent chart from Barchart (http://www.barchart.com/):

And, Barchart also compiles a bunch of short term, medium term and long term indicators (yeah, you guessed it, all pointing downward):

A momentum trader might look at this and still be quite bearish; a contrarian would look for a place to buy (unless she had already used up a bottom picking quota); but no one expects this market to start moving sideways (implied vol is up around 55%)… I’m waiting for the $0 puts to trade!

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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