Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

What is the Strength in NYMEX Oil Telling Us?

The most curious of all the market moves today is oil, which is on a one-way trek from yesterday's close at 108.50, and has not so far gyrated wildly like the other markets.


Is a new, more powerful "Syria premium" being built into NYMEX Oil?

Or are the supply problems from Cushing, OK and declines in Libyan and Nigerian production underlying strength of oil?

Or, maybe US and global demand is picking up, too?

I don't know what the story is, but oil acts suspiciously strong, and appears poised to revisit the Aug high at $112.24.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!