Tag: Baker Hughes rig count
2016 Commodity Outlook: More Pain For Hard Assets?
2016 Commodity Outlook: Will The Storm Clouds Finally Lift? No doubt about it, it was one heck of a rough year in the commodity space. Energies, precious and industrial metals, grains, softs- each complex has assets that are trading at or near multi-year lows. One look at the CRB index sums up the extent of […]
Oil Stock Breakout: Bullish Trend Reversal IN?
Oil Stock Rally- More Gains Ahead? Much like the abrupt rally in gold stocks we talked about earlier this week, oil stocks are seeing similar bullish performance. In fact, the Energy Select Sector SPDR $XLE rallied 13% over the past four trading sessions. As you may know, $XLE is the top dog of energy ETFs as […]
