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By Kris Hicks |
June 19, 2013
July Natural Gas rallied to the exact 38.2% Fibonacci retracement value from the highs made in late May before being aggressively sold off toward the end of trading to generate new lows on the session.
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By Dominick Chirichella |
June 19, 2013
Oil prices have continued to move higher in anticipation of a friendly outcome to today’s U.S. FOMC meeting. The market has been trading this week on a view that the Fed will remain status quo on its QE.
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By Phil Flynn |
June 19, 2013
Oil is creeping higher and higher on the fundamental belief that the Fed will not give the markets an excuse to believe that it is going to take away its stimulus today.
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By Phil Flynn |
June 18, 2013
Who's afraid of the big bad Fed? Oil traders, that’s who! Oil succumbed to the rising dollar after homebuilder confidence hit the highest level in seven years.
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By Kris Hicks |
June 17, 2013
July natural gas broke down once again during this past trading week as it was unable to hold the modest two-day rally heading into the weekend as the market closed near the lows of the week.
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By Joe Carroll and Edward Klump, Bloomberg |
June 14, 2013
The pioneers of America’s shale gas and oil revolution have done their work. Now it’s time for the factory crews to take over.
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By Phil Flynn |
June 14, 2013
When it comes to gas prices in the Midwest it seems that lightning strikes again and again and again. Just when it seemed that Midwest refineries were starting to get their act together, lightning strikes and prices go crazy again.
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By Kris Hicks |
June 13, 2013
July Natural Gas rallied off its overnight lows on Wednesday to close above the previous day’s mid-point and log its first substantial gain in almost three weeks.
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By Dominick Chirichella |
June 12, 2013
Oil prices are steady as we await confirmation from the EIA of a massive build in supplies. The IEA also just released their monthly oil market assessment and also lowered global oil consumption slightly for 2013.
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By Kris Hicks |
June 12, 2013
July Natural Gas once again saw an increase in downward pressure in the second half of trading on Tuesday as it continues to press toward my long-standing call of a return to the original breakout price of $3.65.
