Phil Flynn

Energy and General Market Analyst

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The Energy Report for Friday, November 20, 2009

For oil the major support is still $75 and resistance around $83 and it is unlikely that oil can really break out of this trading range until the end of the year. We will see light volume next week so be on guard for some goofiness but the bullish influences of economic policies are being offset by ... (Nov 20, 2009 9:14AM)

The Energy Report for Thursday, November 19, 2009

Have you been worried about the dramatic drop in the dollar? Are you worried that the dollar is falling because of our ballooning deficit or the fact that this country is printing money like there is no tomorrow? Well if the Fed is not worried maybe you shouldn't be either. (Nov 19, 2009 10:33AM)

The Energy Report for Tuesday, November 17, 2009

It's cheap! It's easy! It's the dollar! Despite the fact that Fed Chairman Ben Bernanke said that the Fed had their eye on the dollar and that they would support the dollar if necessary, the message the market got was low rates for the foreseeable future. (Nov 17, 2009 9:14AM)

The Energy Report for Monday, November 16, 2009

Oil prices rebound as the G-20 pledges to keep money rolling off the global printing presses and China warns of a carry trade bubble. (Nov 16, 2009 9:19AM)

The Energy Report for Friday, November 13, 2009

Is it possible that our US jobless recovery might not be so jobless after all? Weekly jobless claims fell 12,000 to 502,000 giving the dollar a boost and the crude a trouncing even before the bearish Energy Information Agency weekly inventory report. Oh sure the overall jobless rate is still lousy b... (Nov 13, 2009 9:38AM)

The Energy Report for Thursday, November 12, 2009

What does OPEC and the International Energy Agency have in common? Well usually not too much but there are exceptions. OPEC represents the interests of oil producers whose club pumps about 40 percent of the of the global oil supply and the International Energy Agency (IEA) which acts as energy polic... (Nov 12, 2009 8:53AM)

The Energy Report for Wednesday, November 11, 2009

Nowhere to run to, baby, nowhere to hide. Got nowhere to run to, baby, nowhere to hide. It's not love that oil is running from but it may be commitment. Oil just cannot commit to whether it is bullish or bearish. (Nov 11, 2009 9:48AM)

The Energy Report Monday November 9 2009

The oil market is getting blown in different directions. On one hand, Friday's dismal jobs report would seem to suggest that demand for oil will be bad in the US. That drove oil lower on Friday. Yet on the other hand the weak jobs number means the Fed should keep the stimulus machine stimulating. In... (Nov 09, 2009 9:36AM)

The Energy Report Friday, November 6, 2009

As central bankers and energy traders around the world await today's jobs report, employers are wondering just how much blood you can squeeze out of a turnip. The turnips are getting major league squeezed as third quarter productivity surged to an annual rate of 9.5%. That follows the second quarter... (Nov 06, 2009 10:15AM)

The Energy Report for Thursday, November 5, 2009

Carry on my carry trade. We'll be in pieces when it's done. Put all your bearish thoughts to rest; don't you sell no more. The Fed use to rise above the noise and confusion and give us a glimpse beyond the illusion. Yet gold was soaring ever higher and it flew to a high. The threat of bubbles was cl... (Nov 05, 2009 9:39AM)

The Energy Report Wednesday November 4, 2009

What does India's huge central bank gold purchase say about the state of the oil market? Probably a lot more than many people realize as the price oil is dollar dependant and the dollar just got disrespected by India's Central Bank. The oil had another wild day breaking before rallying back on stron... (Nov 04, 2009 10:30AM)

The Energy Report for Tuesday, November 3, 2009

Holy manufacturing smoke! The ISM blew away expectations and almost took oil out of its pre-Fed apathy by posting a 55.7% expansion which was the best since April 2006. The production index also soared to a five year high as well in a broad based recovery that transcended even the cash for clunkers ... (Nov 03, 2009 9:32AM)