Credit Suisse: Oil Futures Curve Positive Amid Conflicting Cross Winds

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Mark Melin
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Updated on

The forward-looking oil futures curve is positive along with U.S. supply trends, but a recent violation of price support and demand out of China raises questions of concern for oil bulls. After oil witnessed strong gains recently, notably taking hold February 11, the market has more recently moved into a slight reversal phase. Looking at supply & demand fundamentals, as well as technical issues such as the shape of the Brent oil futures curve, Credit Suisse’s oil analyst doesn’t think the market will collapse, but then again he isn’t particularly constructive, either. Oil is mixed picture In commodity circles all…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.