. . Market Sentiment Watch: Nervous broad conditions persist. FOMC statement yesterday prompted a dollar rally that reined in oil prices late in the session which along with a concurrent drop in the broad markets yielded a move from a bright green to light green day for the group. And the sideways move following the […]
. . Market Sentiment Watch: Nervous energy market conditions continue but this continues to look like the formation of the expected sideways trade. In energy land, the Goldman dual sector punt (E&P and Service) left gaps in all our charts. Meanwhile, OPEC remains fairly quiet and we don't expect the more vocal members to voice […]
. . Market Sentiment Watch: Nervous energy market conditions continue. In energyland, analysts are throwing in the towel on oil prices and the the E&P group. While we've said that analysts lowering their oil price decks and targets is part of the process of bottoming the group we'd note that some decisions to cut everything […]
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. . Market Sentiment Watch: Nervous market conditions continue and the sideways trade in Energyland continues to form up while oil prices knee jerk to each tiny scrap of OPEC related commentary. In today's post please find the natural gas inventory slide show (slightly better than expected, expect more rapid roll off in injection over next […]