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By Kris Hicks |
May 20, 2013
The current shorter term time intervals in the crude market is showing a possible inverted head and shoulders formation that if fulfilled, projects that the market could continue the recent month long rally upward to as high as $104.
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By Kris Hicks |
May 16, 2013
June Natural Gas moved to the upside for its third straight day of gains on Wednesday in its most narrow day of trading in almost a month as the short-covering rally rolled along.
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By Kris Hicks |
May 15, 2013
June Natural Gas moved higher throughout much of Tuesday’s trading session following a burst of cold air in the upper Midwest and northeast portions of the country to settle above $4 in over a week.
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By Phil Flynn |
May 15, 2013
Oil is sinking on demand concerns as Europe looks like it is getting more deeply mired in recession. While Germany had some growth, France is going back into recession.
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By Kris Hicks |
May 14, 2013
Monday’s unstable price action indicates that natural gas should follow through on last week’s 82% close probability of taking out last week’s low, which could trigger further selling and drop the market to as low as $3.75 by the end of trading.
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By Jamie Macrae |
May 13, 2013
Since the beginning of February, the discount of WTI to global prices has fallen quickly, primarily because of changes in pipeline infrastructure that has brought cheaper mid-continent crude oil to the U.S. Gulf coast.
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By Kris Hicks |
May 9, 2013
The spread between Brent and WTI continues to narrow and settled below $8 on Wednesday, and could come in to less than $5 as WTI may see resistance above $105 and WTI tracks for $100 and new annual highs.
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By Phil Flynn |
May 9, 2013
The WTI/Brent oil spread fell below $8 for the first time in two years as the U.S. is reestablishing itself not only as a major oil consumer but also as major world oil producer.
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By Dominick Chirichella |
May 8, 2013
Oil fundamentals remain biased to the bearish side as supply is projected to continue to outstrip global demand in the second quarter resulting in global inventories moving into a building pattern.
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By Kris Hicks |
May 7, 2013
Expect for natural gas to continue to rally back through Friday’s highs on Tuesday on a short-covering rally and to as high as $4.13 before it meets significant resistance intra-week and fresh sellers return to the market.
