$100/Barrel Oil Justified
with Daniel Yergin, Cambridge Energy Research Associates;
Adam Hewison, INO.com
and CNBC’s Bill Seidman
11:20 CNBC - Adam analyzes crude oil LIVE
Don’t miss Adam today on CNBC. He will be analyzing Crude Oil live at 11:20 am (EST).
What has Adam been saying about crude lately anyways? If you have unfortunately missed our Traders Blog crude oil posts, you can see Adam’s most recent video on crude here.
If you can’t make it to your TV today, check back after the show to see a video of Adam’s appearance and don’t forget to leave us a comment with your own crude oil analysis.
Legally trade like an insider with this information
It’s no secret, earnings can make or break any stock.
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Enjoy,
The MarketClub Team
The real “Holy Grail” of Trading
Dear Trader,
Here are 10 trading rules that can make you an extremely successful trader. This is the real “Holy Grail” of trading, I don’t know of any successful traders who does not use some or all of these rules in their trading.
Enjoy,
Adam Hewison
New Video Lesson From Traders Whiteboard
One of the things I have always enjoyed, is sharing what I know with others. I have to thank my parents for teaching me the joy of sharing.
So it is in their memory, that I am excited to share with you, what I hope will be an informative, interesting and helpful series of trading lessons via our newly created … Traders Whiteboard.
Participating in the Traders Whiteboard experience will teach you everything you need to know to become a successful trader.
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You can credit my parents for that.
There’s no registration required or needed to experience the Traders Whiteboard videos.
Your journey towards greater trading knowledge begins right here.
Sincerely,
Adam Hewison,
President INO.com
About Adam Hewison
Adam Hewison is a former floor trader and past member of several major exchanges, including the International Monetary Market (IMM) a division of the Chicago Mercantile Exchange in Chicago, Index and Options Market(IOM) Chicago, New York Futures Exchange (NYFE) and The London Financial Futures Exchange (LIFFE). Adam is the author of “Right on the Money, The Definitive Guide to Forecasting Foreign Exchange Rates” and numerous other financial ebooks and web videos. His latest project with partner Dave Maher is INO TV. This newly created service is dedicated to educating traders through streaming video seminars. The new website can be viewed here.
A Trading Secret that’s over 800 years old!
I can honestly say that 30 years ago I learned how to trade the markets in the pits of Chicago.
It was there, in one of those sweaty, tumultuous, in your face trading pits, that I learned one of the most valuable trading secrets in the world.
This one trading secret opened my eyes to why things happen in the markets.
This trading secret, which is over 800 years old, is one of the most monumental mathematical discoveries of all time.
The publication in 1202 of the “The Book of Calculation” was never meant to be a road map to success in the markets. However, it turned out to be an extraordinary blueprint for how modern day markets work.
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My new 8 minute educational trading video that remains true to core principals of the “The Book of Calculation.” Show you step by step, exactly how you can benefit from using this trading secret.
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We do not require you to register to view this video.
Discover and benefit today, from what I learned over 30 years ago in the trading pits of Chicago.
Every success.
Adam Hewison
President, INO.com.
Happy Valentine’s Day
Crude Oil Rises as U.S. Retail Sales, Gasoline Use, Increase
By Mark Shenk
Feb. 13 (Bloomberg) — Crude oil rose after government reports showed that U.S. retail sales unexpectedly climbed and gasoline demand increased.
The 0.3 percent gain in retail sales for January reported by the Commerce Department is easing concern that the U.S. is in a recession. Gasoline demand advanced 1.2 percent to an average 9.02 million barrels
a day last week, the Energy Department said. Crude-oil supplies rose 1.07 million barrels.
“The up-tick in retail sales and up-tick in gasoline demand are combining to further the recent rally,” said John Kilduff, vice president of risk management at MF Global Ltd. in New York. “The smallish crude build is also providing support.”
Crude oil for March delivery rose 49 cents, or 0.5 percent, to settle at $93.27 a barrel at 2:48 p.m. on the New York Mercantile Exchange. Prices are up 58 percent from a year ago. Futures have dropped 6.8 percent since reaching a record $100.09 a barrel on Jan. 3.
Analysts estimated the report would show that U.S. crude-oil inventories rose 2.38 million barrels last week, according to the median of 14 responses in a Bloomberg News survey.
Crude-oil stockpiles jumped 18.2 million barrels, or 6.4 percent, in the past five weeks. This week’s gain left stockpiles 1.2 percent above the five-year average for the period, the department said.
`$100 Range’
“We should move back into the $100 range in the next couple of weeks,” said Adam Hewison, trader and president of Annapolis, Maryland-based Ino.com Inc., which provides technical analysis of markets. “The market is trying to tell you something when there’s fundamentally bearish news and prices move higher.”
U.S. crude-oil imports fell 7.4 percent to 9.74 million barrels a day, the lowest since December, the report showed. Supplies of petroleum products dropped 20 percent to an average 3.36 million barrels a day, the report showed.
“The crude-oil number was a little less than expected because of the drop in imports,” said Antoine Halff, the head of energy research at Newedge USA LLC in New York. “There was a little fog that shut the Houston Ship Channel for a few days last week so we should see imports rebound next week.”
The Houston Ship Channel, which serves the largest U.S. petroleum port, was shut for most of Feb. 3 and Feb. 4 because of fog. The Houston area’s eight refineries represent 13 percent of U.S. oil-processing capacity, according to data from the plant owners and the National Petrochemical and Refiners Association.
Global Demand
The International Energy Agency reduced its 2008 forecast for global oil demand by 200,000 barrels a day to 87.6 million barrels a day because of the slowing U.S. economy, a monthly report showed. That cut the annual growth rate to 1.9 percent from 2.3 percent forecast last month.
“Global demand growth is still strong,” Hewison said. “Demand growth in the U.S. may slow but it will continue to grow in India and China.”
The Organization of Petroleum Exporting Countries, which produces more than 40 percent of the world’s crude oil, may cut production when it meets March 5 because demand for the fuel is falling, President Chakib Khelil said.
“One thing is for sure, we won’t increase production,” Khelil, who is also Algeria’s oil minister, told reporters at a press conference in the country’s capital of Algiers today.
OPEC rejected calls from U.S. President George W. Bush at its last meeting on Feb. 1 to boost production to help ease oil prices. The group instead maintained its output ceiling at 29.673 million barrels a day for 12 of its members. Iraq has no production quota.
OPEC Concern
“OPEC is worried that there will be more builds in the second quarter,” said Rick Mueller, director of oil practice at Energy Security Analysis Inc. in Wakefield, Massachusetts. “I doubt they will cut output because they would take a really bad public-relations hit. Also, the Saudis would like to see prices down somewhat to help avoid a recession.”
Brent crude for March settlement rose 46 cents, or 0.5 percent, to close at $93.32 a barrel on London’s ICE Futures Europe exchange. Brent touched a record $98.50 on Jan. 3.
Petroleos de Venezuela SA, the state oil company, cut off sales of crude, gasoline and diesel to Exxon Mobil Corp. in retaliation for the freezing of $12 billion in assets in a legal dispute. Venezuelan President Hugo Chavez threatened on Feb. 10 to cut off oil sales to the U.S., a warning that was widely discounted by industry analysts in both countries.
“We are due for a pullback from the recent rally as the news sinks in on the Venezuelan front,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts. “The worst-case scenario is that Venezuela will sell the oil at a loss and Exxon will replace it with oil from somewhere else.”
Venezuela was the fourth-biggest source of U.S. oil imports in the first 11 months of 2007, according to the Energy Department.
*Bloomberg name belongs to Bloomberg
How to profit from the pain at the pump
I have a question for you, when did you last gas up your car?
If you experienced the pain at the pump, plus sticker shock, you’re not alone.
The pain at the pump is real, it’s painful, and it’s also affecting the daily pocketbook of millions of Americans who rely on the pump to get them to work. Now the bad news, there’s no magic wand that any politician can wave to make all of this go away.
Here’s the bottom line, the world runs on crude oil, and demand is likely to remain high in the foreseeable future.
It’s not any one event that’s causing oil prices to rise, it’s a combination of several things. You only have to look at the value of the ever shrinking dollar, plus world wide demand for raw commodities, to understand why prices are moving higher.
Forget the pain at the pump, here’s a way for you to profit from the pump.
Take a look at the latest video to come out of the MarketClub digital studios, to see how you can benefit. This 6 minute video focuses on Crude Oil. See if it makes sense to you. I know this approach makes sense, because everyday we get calls and emails from traders like Milt in Virginia who tells us our approach works.
Here’s what Milt had to say about our market proven strategy.
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“When I started using the MarketClub, I checked out your signals versus the signals I generate for a few weeks. I used mine to verify yours… now I use yours to verify mine and the profits have been astounding!”
Milt Fall
Virginia
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Remember, we are not brokers, so we are not going to be asking you to open an account with us. We are trading educators, that’s what we do best right after trading.
Now more than ever you need a plan to survive financially in what is turning out to be a very tough year for housing and the stock market.
Now more than ever you need a market proven, risk adverse formula for the future.
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Enjoy and learn from this educational trading video on crude oil. There’s no registration required.
The rest is up to you!
Adam Hewison
President, INO.com
Oil Futures Add Gains On Supply Anxiety & Warning Consumption Fears (Oil Prices)
February 8th, 2008 (10:52 AM - MST)
New York - Oil futures surged back above US $90 a barrel Friday, adding to the previous session’s gains on renewed concerns about soppy disruptions and waning fears that a U.S. economic recession would seriously curb demand.
Light sweet crude for March delivery jumped $3.03 to $91.14 a barrel late int he New York Mercantile Exchange session.
Crude gained on word that oil exports from Nigeria, Africa’s biggest oil produces and a major U.S. supplier, could fall by as much as a million barrels a day due to a deteriorating security situation and planned maintenance.
Prices also rose on news that North Sea oil production has been cut by 280,000 barrels a day due to technical problems at a Total SA field, and that Russian crude output could fall this year due to depletion, JBC Energy GmbH, an energy research firm in Vienna, said in a research report.
Concerns that Venezuela might retaliate after ExxonMobil Corp. won court orders freezing the assets of its state oil company also pushed prices higher. ExxonMobil is seeking compensation for assets appropriated last year as part of President Hugo Chavez’s nationalization of several large oil products.
Meanwhile, energy investors found reason to hope that the American economy will dodge a serious downturn.
"Crude traders also responded positively to the news that Congress has passed an economic stimulus package aimed a boosting consumption and staving off a recession," commented Addison Armstrong, director of exchange traded markets at TFS Energy Futures LLC in Stamford, Conn.
There also were worries that the Organization of Petroleum Exporting Countries would cut production to support prices which have pulled back from a record $100.09 a barrel reached early last month.
Analysts said technical factors also lifted oil futures. Twice in recent weeks, oil prices have dipped to nearly $86, only to bounce back.
That price is seen as a psychologically important support level that may keep prices trading in a range around $90 for the foreseeable future.
"If we break below that, I think we’re going to see further weakness," said Adam Hewison, president of INO.com, a website that specializes in futures trading.
At the pump, meanwhile, U.S. gasoline prices fell 0.6 cents overnight to a national average of $2.966 a gallon, according to AAA and the Oil Price Information Service.
Retail gas prices have retreated from above $3 a gallon in recent weeks, but remained about 77 cents higher than a year ago, and the Energy Department predicts they will rise to new records near $3.50 a gallon this spring.
