Exclusive KE Report Commentary – Tue 11 Jul, 2017

Outlook for Crude and Energy Stocks

The Gold and Oil Guy, Chris Vermeulen, shares his insights on what the oil and XLE chart is showing him for the future price moves of energy. When looking at the XLE chart it is undeniable that the downtrend is in place and has been for this whole year. The energy sector is unloved at this time but Chris thinks it could continue for another couple months.

Click here to visit Chris’s website for more gold and oil related commentary.

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Chris VermeulenCory Fleck
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  1. On July 11, 2017 at 11:42 am,
    CFS says:

    I believe three things about hydrocarbon energy:
    i. Fracking technology has changed the supply-side of the equation forever.
    ii. Supply is more limited by infrastructure (pipelines, etc.) than anything else.
    iii. From here on out demand will be softened by increasing electrical technological change. (Solar panels, electric vehicles, etc.)

  2. On July 11, 2017 at 11:49 am,
    CFS says:

    Reuters is projecting that the US in 2020 will be a net exporter of 2.4 million barrels a day of oil.

    • On July 11, 2017 at 11:50 am,
      CFS says:

      Ira’s Morning TA:

      Iran increasing oil production.

    • On July 11, 2017 at 1:55 pm,
      OOTB Jerry says:

      Makes peak oil gurus look like NUT cases…James Pupava for example,