I’ve wanted to do an update on the crude oil market for a few days now, but unfortunately time got away from me. In my new video on crude oil, I update some of the thoughts I had before, but also some important elements that are still in play and could push this market significantly higher.

In this new video I outline the key support zone that I see and also highlight some other technical elements could come into play to push this market higher.

As always our MarketClub videos are free to watch and there is no need to register. Please leave us a comment on the blog and let us know what you think.

All the best, Adam Hewison President, INO.com Co-creator, MarketClub

...

This post is a guest contribution by Dian Chu*, market analyst, trader and author of the Economic Forecasts and Opinions blog.

Last Friday, US crude oil futures finished above $78, the highest level in a year, surging more than 9% during the past week making it the largest weekly gain since the height of the summer driving season, even though the US continues to sit on ample supply of petroleum.

Given the continued sluggishness of the economy, high unemployment rate and large amounts of excess oil production capacity around the world, analysts said a sudden upward spike was still unlikely, while others are predicting an immanent correction down below $70.

However, if you take a closer look, it is evident that the current crude oil market is almost entirely detached from fundamentals. Furthermore, there are several factors supporting oil rising to new levels, as fundamentals are

...

 

United States Commodity Funds LLC has launched a new exchange-traded fund designed to provide short exposure to the crude oil market.

The United States Short Oil Fund (NYSEArca: DNO) aims to capture the inverse of the daily return of the front-month West Texas Intermediate crude oil futures contract, as traded on the New York Mercantile Exchange.

On a one-day basis, the fund should mirror the returns of the popular United States Crude Oil Fund (NYSEArca: USO). Over longer time frames, the returns may diverge due to compounding. (For more on the impact of compounding on returns, check here or here.)

DNO will charge 0.60% in annual expenses.

Unlike most leveraged and inverse products, DNO will not use swaps to achieve its exposure. Instead, it will take short positions in the actual underlying futures contracts.

DNO will compete directly with the PowerShares DB Crude Oil Short ETN (NYSEArca: SZO), a short oil

...

div style="text-align: justify;"Barclays is out with an interesting call on span style="font-weight: bold;"Hess Corp. (NYSE:HES)/span upgrading the shares to Overweight from Equal weight and maintaining their $75 price target.br /br /According to the analyst the upgrade comes following recent sharp underperformance. As one of the most oil-levered producers within their research universe, they believe Hess is well positioned to benefit from a rising oil price environment while offering a significant exploration potential upside with no sizable upfront premium.br /br /Firm notes that although they have long been intrigued by the company’s vast long-term resource potential in Brazil, Ghana, Libya, and Australia, they were uncomfortable about the shares’ valuation. They believed the market had prematurely awarded too much premium for its exploration potential and ignored the unavoidable underlying risks associated with such a concentrated high-interest/high-impact drilling program span style="font-weight: bold;"(dry hole is the norm, not the exception, in the Eamp;P business. ...

If you didn’t make money this month then you weren’t watching our Trade Triangles.

See how we did in three major markets (my new video).

CURRENCIES May has been quite a month, especially for the British Pound (GBP). In an earlier video, I alerted everyone of the potential upward move. The market ended up moving right in line with my expectations and is showing some excellent profits. One currency contract at the CME is showing a profit of over $8,000, a stunning return of over 216% over initial margin*.

ETF I also alerted you to a move in crude using the ETF USO which closely tracks the crude oil market. This market has gone up over 8% since MarketClub issued the first signal on May 6th at 32.16 using our Trade Triangle technology.

PRECIOUS METAL Gold has also

...

Q1 - 2009 Results

The first quarter of the year proved to be very challenging for many traders and MarketClub as well. We have been tracking the same six markets for the pat seven quarters now. Although we have had tremendous success with our signals, this quarter we had four markets which presented profits, while two of them produced losses. Not ideal.. but real.

Click on read more to see our results chart and what’s coming down the pike.

Let’s start with the two markets that gave us losses in Q1. The first was the crude oil market (NYMEX_CL) on which we have consistently made money for the past six quarters. This market produced our largest loss of the quarter. Gold (XAUUSDO) was also a market that fell in the red.

Now

...

In the energy market on Tuesday, oil rallied, with crude for May delivery closing at $49.66/barrel, up $1.05. May reformulated gasoline debuted as front-month contract at $1.40/gallon.

“The rally in the crude oil market is stemming from market influences outside the energy arena,” said Burton Schlichter, of New World Trading. “Strength in the equity market and the weakness in the dollar are dragging the crude oil market higher.”

Analysts at Commerzbank concurred, writing that oil’s recent gain “was largely driven by the financial markets and sentiment, based on hopes that demand would pick up again later on in the year … From a short-term perspective, though, the fundamentals remain difficult, meaning that oil prices were vulnerable to setbacks as witnessed right now.”

If only supply/demand fundamentals are considered, says James Williams of WTRG Economics, oil should be trading below $35 a barrel.

Source: Oil Rebounds

...

Crude oil plays such an integral part in our lives whether we care to admit it or not. This one source of energy drives the US economy and indeed the world’s economy.

So what’s ahead for the new black gold? After seeing this market move to its best levels in some time, we have seen a sharp pullback from the recent highs as the crude oil market appears to be mimicking the equity markets.

In this new video you will see in detail as to what the technicals are showing for this market. I think you’ll find the analysis interesting, revealing and above all educational.

As always, the video is with our compliments and there is no registration requirements.

Enjoy the video!

Jim Musselwhite

by Taipan Greene

How to invest in oil is a subject of interest to many traders in a world economy that is largely driven by the price and availability of products derived from products obtained from crude oil, like gasoline, diesel fuel, jet fuel, plastics, and fertilizer.

It is hard to imagine a world in which these products are extremely expensive or not widely available but that could be the case within a few years.

The term Peak Oil is one that most investors are now aware of. Yet the meaning of peak oil is widely misunderstood. Peak Oil does not mean that the world is nearing a time where there is no oil available. Rather it refers to the rapidly developing situation in the production of oil where the major oil fields of the world are in a state of production decline and even with new technology no major …

Mike Larson is off today, so he asked me to fill in for him. And one thing that I think Mike and I both agree on is that ETFs, or exchange traded funds, are one of the best things that ever happened for small investors.

You may already know about the advantages they have over conventional mutual funds … liquidity, low costs, transparency, diversification, and more.

What you may not know is that there is a new investment that looks a lot like an ETF but is actually a whole different species. I’m talking about ETNs: exchange traded notes.

On the surface, ETNs share many of the characteristics of ETFs. You can buy and sell them on the stock exchange throughout the day, their performance closely mirrors an index, and they give you access …