Commodities - Energy Update - December 1, 2017

publication date: Dec 1, 2017

Cerundolo Investment Research    

Commodities Update  

Volume 1, Issue 2
December 1, 2017

Download PDF Version here


Items of Interest:

  • The recent pullback in crude held at trendline support.
  • With price solidly above the one-year base, upside momentum is picking up.
  • The long-term target of $67 remains in play.
  • The next target on the daily timeframe is $63.
  • Money flow into energy stocks is picking up. The XOP – S&P Oil & Gas Exploration & Production ETF helps illustrate this at the basket level.
  • After reviewing a large list of energy stocks across all sub-industries, we have come up with 28 companies that one should consider on the long side.
  • The chart pack leads off with the strongest ranked stocks that have been trending for some time such as VLO and MPC. As you move on to the last 12 charts, here you will find stocks that have improving money flow and are in the process of building a bottom.