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Crude Oil – Weekly Update

Jul. 23, 2013 8:10 AM ETXOM, CVX, APA, EOG, MRO, PBR, SHEL, EQNR, TTE, VLO
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Crude Oil - Weekly Update

I just completed my weekly study of all my - Energy - Oil / Gas Indices, Sectors and Industries. Also, I review many Select Companies for clarity of the direction of this important arena of Investing.

This week's Commentary on - CRUDE OIL - covers my Indicators, both fundamentally and technically.

Results from my Study / Analytics:

Brent and West Texas Oil are tracking well. However, West Texas Light Crude is out-performing. A Pull-Back is in the making but "Hold" for a while longer.

Check out this unique Graphic / Chart. http://stockcharts.com/h-sc/ui?s=$WTIC&p=W&yr=1&mn=6&dy=0&id=p72615545037&a=305202131

If you own Crude Oil or Energy - Oil / Gas securities it is a mixed bag. There is and has meaningful hurt since my Initial Bearish Forecast - "Warning" for over two years now. Others, such a BIG Oil continues to be Holds.

Opinion: Hold - for now.

Forecast: I am on an Initial - Bearish "Warning" for Crude Oil. Timing to Sell or take Short Positions is available only to my Clients and Prospective Clients.

Selectivity is what I preach and is what separates the Average Investor and Mutual Funds from the profits that come with long-hours / hard work and "selectivity."

You might also want to check out "My Focus Article I." Just Click - - > https://seekingalpha.com/instablog/121308-steven-bauer/2057252-my-focus-article

Here are a number of the Companies that I focus on: XOM, CVX, APA, APC, CHK, EOG, MRO, PBR, RDS.B, STO, TOT, VLO.

Have a good Week,

Dr. Steve

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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