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Patrick Ceresna

Co-host of Macro Voices podcast · Technical analyst (markets/charts)

Quotes

Substantial volatility in the oil markets as depleted inventories wrestle with the optimism that the war ends soon... the question will be will it be the semis or the Iran headlines that will drive the next move?

The real strength in the petroleum complex is not necessarily in crude itself right now, but in the product side... rather than trying to pick a bottom in crude, I'd rather continue to lean into the part of the value chain that is actually benefiting from that setup, and that is the refiners... I want to focus on Valero symbol VLO, which is trading at $268... Valero has just broken to a fresh 52 week high and is clearly one of the strongest names in the refining space.

2026-07-02-podcast-macro-voices-macrovoices-539-rory-johnston-hormuz-crisis-is-it· 2026-07-02#refining-bottleneck-to-refiner-crack-capture

One of Anas's strongest conclusions was that natural gas and especially US LNG infrastructure stands to benefit as countries prioritize secure energy suppl while AI and data centers drive another leg higher in electricity demand. For this week's Trade of the Week, I want to express the theme through Cheniere energy symbol lng, one of the cleanest US listed ways to participate in that structural buildout.

2026-07-16-podcast-macro-voices-macrovoices-541-dr-anas-alhajji-bab-el-mandeb-the· 2026-07-16#energy-shock-2026-vs-2022#nuclear-baseload-for-ai-data-centers
Notes

Patrick Ceresna

One-line summary: Macro Voices co-host and chart-deck analyst; brackets each Townsend interview with the week's macro scoreboard and technical setups for the post-game segment.

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