“David Thompson, executive vice president at brokerage firm PowerHouse, added to the technical perspective.
‘Measurements of overbought had gotten to extreme levels,’ Thompson said. ‘There are moments where you get too exuberant in the market, and then you get a selloff.'”
“David Thompson, Executive Vice President at brokerage PowerHouse, pointed to strong international gas prices as part of the higher LNG demand picture, particularly in Asia.
‘We have this combination [in timing] of us getting our hot weather and people who want LNG getting their hot weather, and they are willing to pay far more of the cost of shipping to get the gas,’ Thompson said.”
August 8, 2017 – Elaine is quoted in the GasTrader.net newsletter “Elaine Levin, president at Powerhouse LLC, a Washington DC-basedtrading and risk management firm, says ‘On Friday the market made a new low, but it doesn’t have a lot of momentum behind it and Elliott...
March 23, 2017 – David is quoted in David Gaffen’s article “U.S. crude stockpiles at record high as imports surge: EIA." “This is evidence that refinery maintenance is wrapping up for this season. Expect to see increases on balance over the next six to eight weeks.”...
July 21, 2016 – Elaine is quoted in Nicole Friedman and Akane Otani’s article “Why Oil Traders Are Writing Love Poems to Yahoo." “While the advance in crude oil prices has paused, I think the bears might have been hoping for a larger reaction to the downside.” The...
March 15, 2016 – David is quoted in Barani Krishnan’s article “Oil down 3 percent on technical pressure, U.S. stockpile worry.” “While the advance in crude oil prices has paused, I think the bears might have been hoping for a larger reaction to the downside.” The full...
March 15, 2016 – David is quoted in Devika Krishna Kumar’s article “Oil rises 2 percent as supplies seen tightening.” “The WTI crude bulls are emboldened by the double whammy of another large increase in refinery utilization rates and a big jump in crude oil export...
February 26, 2016 – David is quoted in Barani Krishnan’s article “Oil ends down on profit-taking but still up strongly on week.” “I think a good part of the selling was due to cashing out of winning positions people had established earlier in the week.” The full...
December, 2015 – Alan’s monthly column in The American Oil & Gas Reporter is titled “October Low May BeThe Bottom For Gas Price”, discusses new developments in the oil market." “It is not a leap of faith to regard the $1.948 low as a double bottom against the...
November 23, 2015 – Al is quoted in The Wall Street Journal in Nicole Friedman’s article “Oil Prices Fall on Inventory Concerns.” The rally in response to the Saudi comments early Monday highlights how quickly prices can shoot higher, said Al Levine, chief executive...