DB Energy ETF Advances as Anticipated
by Mike Paulenoff
June 13, 2014 • 12:00 AM EDT
On Wed Jun 11, Mike added the PowerShares DB Energy Fund ETF (DBE) as a short-term trade alert. He noted that the ETF holds futures contracts in Brent, WTI, Heating Oil, Gasoline and Nat Gas, and provides a vehicle for participation in an explosive advance in energy in the event of a supply disruption abroad and at home.
In other words, the trade combined Mike's macro analysis of oil prices and geopolitical event risk with his strategic technical work.
The DBE was trading at 29.94 at the time, and on Thursday closed at 30.76, with Mike's target range at 33-36.
Traders should be aware that the DBE trades an average of 78,000 shares on a three month basis, but lately its volume has declined considerably, some days below 7,000 shares.
If oil prices emerge from their longer- term coil patterns, the volume on vehicles like DBE should increase dramatically, but for now, be aware that trading is very thin.
See chart from Wednesday below.
Mike Paulenoff is the author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on
ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international
markets, plus key ETF component stocks in sectors like technology, mining, and banking.
Sign up for a Free 7-day Trial!
In the early afternoon on April 11, this was my note to our members:"IBIT (iShares Bitcoin Trust ETF)-- From a trading perspective, anyone who is in sync with the Bitcoin setup might consider owning IBIT (iShares Bitcoin ETF) against a stop below its 4/07/25 low at 42.98 (see my attached Daily Chart below)...
Last Thursday (4/17/25) afternoon, ahead of NFLX (Netflix) post-close earnings report and the three-day Good Friday holiday weekend, we discussed the technical setup and whether or not the NFLX pattern was positioned to react positively to the news : The NFLX setup heading into Earnings later today is favorable for upside continuation above the prior two rally highs at 993.45 (4/15) and 998.70 (3/25), but not to a new ATH above 1064.
Last Thursday afternoon (4/10/25), the commentary below is what I discussed with MPTrader members about my Big Picture technical setup work: Tomorrow is the final session of the week. We get some big bank Earnings and PPI before the open, and more than likely, one or more POTUS televised events that undoubtedly will move markets one way or other. Technically, tomorrow's (Friday) close will be important to my Weekly Chart Work.
At the beginning of last week, fellow members Rayray and GordonGekko asked for my technical setup work on BX (Blackstone Inc). This is what we discussed on the morning of March 25, 2025:My attached Daily Chart shows the November 2024 to mid-March 2025 correction (-32%) followed by the recovery rally from 135.60 to 153.18.
On March 10, 2025, fifteen minutes before the closing bell and Oracle's forthcoming Earnings Report, below was the analysis I posted to the MPTrader Discussion Room about ORCL:"... My preferred scenario indicates a negative reaction to the news that sends ORCL reeling to test important support at 139.50-141.20-- where ORCL MUST reverse to the upside to avert triggering still lower projections into the 118-123 (back the truck up) target window... Last is 149.32"...
