Investorideas.com

Get investor ideas from our AI, cannabis, cleantech, crypto, gaming, mining, sports podcasts - be a guest or sponsor: call 800 665 0411


Share on StockTwits

Oil - the Odd One Out?

 

August 3, 2021 (Investorideas.com Newswire) In line with the pressing circumstances I told you about on Jul 29 at my site, today's report will have to be way shorter than usual, and focus only on select charts so as to drive position details of all the five publications.

Let's move right into the charts (all courtesy of www.stockcharts.com).

S&P 500 and Nasdaq Outlook


S&P 500 keeps going sideways, but the indicator view suggests increasing vulnerability to a bear raid - just as much as in the tech sector, which wasn't outrageously helped by the risk-off start to this week.

Credit Markets


Credit markets turned ugly yesterday as the HYG dive shows. Quality instruments outperformed in what could be prelude to selling pressure in stocks emerging.

Gold, Silver and Miners


Gold holding ground is a testament to the risk-off sentiment in the markets - through these lens, miners' underperformance better be viewed. The whole PMs sector tiptoes at the moment, remaining stabilized.

Crude Oil


Yesterday's downswing without a noticeable rebound attempt, highlights the downside risks for oil. Energy sector didn't convince either, and the bulls are likely to remain under pressure. Good call to have taken profits off the table today.

Copper


Copper keeps being relatively resilient in face of steep downswing in commodities overall. At the same time though, it had been underperforming woefully since early Jun, and therefore remains vulnerable to another dip should broader selling in real assets reemerge. And indeed, the profitable stop-loss has been triggered, resulting in further gains. Check out the portfolio chart on my homepage.

Bitcoin and Ethereum


Ethereum outperformance is encouraging, but Bitcoin has to find a floor in the recent flag-approximating pattern, which would mark the positive turn's continuation in cryptos.

Summary

In place of summary today, please see the above chart descriptions for my take.

Thank you for having read today's free analysis, which is available in full here at my homesite. There, you can subscribe to the free Monica's Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.

Thank you,

Monica Kingsley
Stock Trading Signals
Gold Trading Signals
Oil Trading Signals
Copper Trading Signals
Bitcoin Trading Signals
www.monicakingsley.co
mk@monicakingsley.co

All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp






Get more Oil and Gas - news, articles, and stock directories

Buy a energy guest post on Investorideas.com