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By Kris Hicks |
May 6, 2013
June Natural Gas was crushed this past week after making new spot contract highs on Wednesday before a bearish storage number was released and the market saw massive liquidation on Thursday.
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By Kris Hicks |
May 3, 2013
Natural gas created significant technical damage and even though it is oversold, drastically, traders should look to sell any rallies heading into the weekend.
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By Kris Hicks |
May 2, 2013
June WTI Crude Oil dropped significantly lower on Wednesday following a dramatic increase in storage supplies as it dropped back below the 10- and 20-day moving averages near last week’s mid-point.
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By Kris Hicks |
May 1, 2013
June Natural Gas rotated back and forth around a tight trading range on Tuesday as the bulls were unable to push the market through $4.40 but the bears were unable to put enough pressure on the market to trigger a collapse below $4.30.
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By Dominick Chirichella |
May 1, 2013
After attempting to breakout through the upper range resistance level, all of the commodities in the oil complex failed and have been in retreat mode since early yesterday and into this morning so far.
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By Kris Hicks |
April 30, 2013
June WTI Crude Oil continued higher on Monday as it threatened the $95 mark en route to closing at its highest level in almost three weeks because of a declining USD and rallying equity market.
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By Kris Hicks |
April 29, 2013
Although the market closed down more than 21 cents from last week, Friday’s strong rally into the close points toward a possible move back higher to begin the week and should test the patience of shorts up to as highs as $4.35.
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By Phil Flynn |
April 29, 2013
The oil market is getting a stimulating start as oil traders look to the ECB to give the trade a boost. Add a dash of stimulus and we see oil near a two week high.
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By Phil Flynn |
April 26, 2013
A sharp jump in gasoline demand this week and a report questioning North Sea output put petros in rally mode.
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By Mark Shenk and Moming Zhou |
April 25, 2013
West Texas Intermediate crude capped the longest rally in nine months as fewer Americans filed first-time claims for unemployment insurance payments last week and the market breached key technical resistance.
