Last year I formed the view that there were opportunities in oil stocks. A handful of oil producers lagged the oil price as equity investors doubted the sustainability of the rebound. But a number of factors suggest that oil, while the price will of course be volatile, is now well... Show More
Portfolio Manager Gerald Stack discusses whether or not rising interest rates will hamper infrastructure stocks, why he insulates the portfolio from changes in the oil price and why he has reduced his cash holding, of late. Show More
The Brent price generated a technical buy signal at US$34.68 on 22/2/16. A technical sell signal was subsequently generated at US$46.48 on 7/7/16. The potential has now emerged for a new technical sell signal to be generated. A NY close below US$43.60 is required, which if this occurs, would target... Show More
WTI oil - The close last night below the US$29.20 support level - the December 2008 low point - signals the next downward move, with major subsequent support now located at US$26.25. Show More
The WTI oil price technical outlook remains negative given there is no sign of base forming emerging. It most recently generated a technical sell signal at US$41.60 on 12/11/15. The subsequent decline resulted in the nominated downside technical price target located at US$34.00 being reached - which had been the... Show More
The WTI oil price originally generated a technical sell signal at $90.69 on 23/9/14. The price has now closed above key resistance of a sideways trading band located at US$49.25, which has generated a technical buy signal. The oil price has broken into a higher trading range. The technical outlook... Show More
Oil-producing countries have seen the largest drop in their foreign exchange (FX) holdings over the last year. In our view, Saudi Arabia can afford to handle oil prices at their current level for some time but other oil-producers, which don’t have such deep FX reserves, are starting to seriously suffer.... Show More
The WTI oil price major support is now located @US$56. It originally generated a technical sell signal at US$90.69 on 23/9/14. The technicals have remained negative since late September. The oil price has progressively moved into lower technical trading ranges. During last week QMG clients were provided with a technical... Show More