Commodities Oil - April 18, 2018

Cerundolo Investment Research    

Commodities Update  

Volume 2, Issue 2
April 18, 2018

Items of Interest:

• In our March 20 Technical Tuesday report we had our reentry signal to get long WTI—Crude Oil and looking to add to a weekly close above $67. We did have a marginal weekly close above $67 on April 13th, and with momentum continuing to build, we would be adding here again with the next target range of $75—$77 area.  As a reminder, these targets were generated off the 2016 base.
• We have also included charts of four U.S. and four non-U.S. long ideas that look like buys right here. Those stocks are:  WPX, MPC, GPRK, COP, STO, CEO, TOT and RDS.A.
• For more long ideas we refer you to the report sent out on April 10.
• On page 2 you will find the chart of Crude Oil and the stock ideas on the pages that follow.