11/29 Closing prices / revised 11/30/2023  08:05 GMT 11/29    OPEC Basket    83.89 +0.49 | 11/29    Mezcla Mexicana de Exportación   Mexico Basket (MME)   $74.39  +1.37  | 10/31     Venezuela Basket (Merey)  $72.54  – 3.00  (Source: Economia Hoy)  | 11/29    NYMEX WTI Texas Intermediate January CLF24   $77.86 +1.45    | 11/29    ICE Brent January  BRNF24   $83.10   +1.42  | 11/29    NYMEX Gasoline December  RBZ23    $2.28   +2.4% | 11/29     NYMEX  Heating Oil  December HOZ23   $2.89  -0.6% | 11/29     Natural Gas January NGF24    $2.80 -1.2%  | 11/22    Active U.S. Rig Count (Oil & Gas)    622     +4    | 11/30     USD/MXN Mexican Peso  17.2702 (data live  | 11/30   EUR/USD    1.0954  (data live)  | 11/30    US/Bs. (Bolivar)   $35.49390000  ( data BCV)    |      

+ Positive Cash Flow (August 14, 2023) – Raul Torrealba Ramos

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+ Positive Cash Flow
Dollars (Forbes)

By Raul Torrealba Ramos

1.Macroeconomic Environment :

Last Week:

They showed these indicators:

Two of the most important indicators were revealed:

Consumer Price Index (CPI) was slightly worse than market expectations, which halted any significant advance in the prices of market-listed assets such as bonds, stocks and cryptos. Food and Energy were the only indicators that declined by just 0.01.

U.S. Bureau of Labor Statistics

The Industrial Production Index , rose the most to instill distrust in price developments for the week. It rose 0.2 in relation to analysts’ expectations.

The SP500 was down 0.71% and the technology sector, Nasdaq 1.84%.

Next Week

In Economics, the most relevant will be the Retail Sales data on Tuesday at 8:30 am, Wednesday’s Energy Agency report on oil, gas and fuels, (10:00 am) and the minutes of the last FED meeting at 2 pm. The mood is in favor of a slight interest rate hike. However, there is a high risk of a recession for the last quarter of the year.

The Conference Board releases its leading economic data index for July. The consensus call is for a 0.3% month-over-month decline. The LEI has fallen for 15 consecutive months, and the Conference Board still expects the economy to fall into a recession later this year.

2.- Micro

Few companies remain to report results , including Home Depot kicks off a wave of retail results on Tuesday, followed by Target and TJX on Wednesday. Ross Stores, Tapestry and Walmart will report on Thursday.

Other earnings reports include Agilent Technologies, Cardinal Health and Jack Henry & Associates on Tuesday, followed by Cisco Systems and Synposys on Wednesday. Applied Materials and Keysight Technologies report on Thursday. Deere, Estée Lauder and Palo Alto Networks conclude the week with reports scheduled for Friday.

3.- Build a long-term portfolio.

New opportunities to build it appear. AAPL , TSLA , MSFT , META and AMZN , among others, fell in price.

4.- Running an algorithm or method to generate cash flow on a long term portfolio, or with money in the account.

We officially entered a sideways period, in terms of market movement.

5.- Analysis of previous week’s forecast results

Sideways market, school vacations lower liquidity levels. We see the entries with Spread mode hedges hedging against sharp swings.
The unexpected Moody’s rating review of the US banks and the lack of important data from China, conditioned the decline in the week

6.- Forecast for next week:

We do not see any upward rallies, nor major declines. It will be a market suitable for passive yield trades waiting for the decay in the premiums of options contracts. If you go long, it should be with a medium to long term view, preferably with Hedge.

NOTE: We do not recommend investments, we only give our opinions.

For special courses or investment management, please contact us at : EnergiesNet@gmail.com

August 13, 2023


Raul Torrealba Ramos, B.A. in Administration and Accounting, Universidad Católica Andrés Bello, Caracas; Lawyer, Universidad Metropolitana, Caracas, is an experienced financial analyst since 1990. The views expressed are not necessarily those of EnergiesNet.

Editor’s note: This article is published as an opinion and is not recommended for investment. All comments submitted and posted on EnergiesNet do not reflect either for or against the opinion expressed and is not an endorsement by EnergiesNet or Petroleumworld.

EnergiesNet.com 08 14 2023

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