Eoin Treacy's view Thanks to a subscriber for both of these reports focusing on the US Master Limited Partnership sector. MLPs offer leverage to the energy sector through, production, processing, transportation, marketing etc. One of the reports has some extensive coverage of breakeven rates for various shale gas regions while the other has a range of informative maps showing acreage and pipelines. I suspect both will be of interest to subscribers.

Oil prices hit a new recovery high on Friday and while some consolidation in this region cannot be ruled out, a sustained close below $80 would be required to further delay potential for a successful upward break. With oil at almost $90, investor interest in the energy sector is rebounding from a rather dull period. Sectors leveraged to production growth are likely to outperform in such circumstances.

The Alerian MLP Index and the Wells Fargo MLP Index share a similar chart pattern. Both have rebounded strongly from their 2008/09 lows and have paused recently in the region of their 2007 peaks. While somewhat overextended relative to the 200-day MA, a sustained move below it would be required to question medium-term upside potential.

The JP Morgan Alerian MLP ETN is an exchange traded vehicle designed to track the Alerian MLP Index and pays a dividend in the region of 5%. The majority of the partnerships covered by the above indices share the chart pattern of the indices. Here are some that are less overbought

Kinder Morgan Energy Partners LP has paused in the region of the April high near $70 and a sustained move below $67 would be required to question medium-term upside potential.

Plains All American Pipeline LP has paused in the region of the 2007 peak and the medium-term upside can continue to be given the benefit of the doubt in the absence of a sustained move below $58.

DCP Midstream Partners lost momentum over the last year but has held above the 200-day MA and is now testing the August peak. A sustained move below $32 would be needed to question potential for additional upside. Exterran Partners, Navios Maritime Partners, Regency Energy Partners and Copano Energy all share a similar pattern.

Vanguard Natural Resources has been ranging above the April high since July and broke upwards last week. A sustained move below $23 would be required to question scope for further upside.

Eagle Rock Energy Partners has been in base formation development since late 2008 and is now in the process of completing this period of consolidation. A sustained move back below the 200-day MA would be required to question medium-term recovery potential.