Energy is in a boom, but that doesn’t necessarily mean that oil is booming, at least in terms of price. There are several factors that lead me to conclude that, while NYMEX crude is unlikely to collapse, upward momentum will be hard to come by over the next couple of years.

Last week I added Commercial Vehicle Group (CVGI), American Select Portfolio (SLA) and Ballard Power Systems (BLDP) to the Barchart Van Meerten Speculative portfolio for positive technical indicators and charts: