Michael Ferrari

Imminent Commodity Pullback Should Offer DBE Buy Opportunity

Most certainly overbought. There is no good reason, even with a weak dollar, weather impact and geopolitical premium built in, that oil should be at these levels. And look at the supply sector represented. All are in a healthy stock situation coming out of n.hem. winter - looking forward, demand will likely be what was expected for months, so we are not looking at unexpected demand increases through June. The supply outlook that is referenced is not looking years ahead, but months.