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The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.

For the first time since late 2023/early 2024, WTI (at around $71.30/barrel) is starting to look interesting for a number of reasons. Crude fell to $68 in December 2023, drifted sideways-to-higher until February, and then rallied to almost $88 by April. Since then, oil has been in what looks like an ABC or three-wave decline, dropping to a recent low of $65 on September 10. That was the lowest price since May 2023. After peaking in March 2022 just above $130, crude has been range trading between $64 and $95 for the past two years. Back in late 2023/early 2024, the Commitment of Traders (COT) data on oil became very bullish for the first time since the summer of 2023, with commercial hedgers having a relatively high net futures position and large speculators having a low net futures position. That same positioning has occurred over the past couple of weeks. In the very near term, $72 is important resistance as a jump above that price would represent a false breakdown, would break the bearish trendline off the peak since August 12, and would represent a 38.2% retracement of the decline since early July. There are many pieces of potential chart, moving-average, and retracement resistance from $72 to $80. The recent low of $65 is key chart support. Sentiment toward WTI is close to pessimistic, another potential contrarian positive. One of the few negatives is that October and November are the worst two months for oil when looking back over 30 years. Still, seasonality historically is supposed to be bullish from March to September -- and it certainly wasn't in 2024. (Mark Arbeter, CMT)

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.

WORLD KINECT CORP has an Investment Rating of HOLD; a target price of $32.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of High; a Growth Subrating of Medium; and a Value Subrating of Medium.