Energy Futures Update

Energy Futures Update is a blog dedicated to bringing updates, news and commentary on energy futures markets including Crude Oil WTI, Crude Oil Brent, Heating Oil, Gasoline RBOB, Natural Gas and more.

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NO UPDATE TODAY

Posted on 6/19/2013 5:14:33 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

Higher for crude and heating oil along with the rbob and natural gas. After today's closes the energies noo are acting like they are going to move higher especially with new recent highs and closes. Looking at similar energy charts since the middle of April, it's getting harder and harder,at least for me, to take an energy position in either direction except for short term trades. If you look at the weekly and daily charts for the crude, heat and rbob, one can see that they all looked toppy until recently.The crude is a little trickier on its daily chart and does show a range of between 85 and 100 since June 2012. Crude is in the middle of good support and resistance areas and is back to looking like it could be forming a potentially large bottom.Watch 92 and then 90 because if those two areas don't hold, we could possibly be witnessing the beginning of a larger move lower. Also, crude hasn't settled over 100 since May 2012.  Eventually we'll see a breakout in one direction or the other hopefully giving us a sense of a long term direction. Meanwhile the heat  has been consolidating over the last month with good resistance from 295 up to around 305 but today's close could be a sign that the heat will test the upper end of the above mentioned range. I am continuing to stand aside for now. Similar type action for the rbob but not quite a breakout like the heat. The rbob also has support that goes from 280 down to 270 while having resistance from 300 to 310 although I wouldn't want to see a close below 270. Gas settled lower and has been moving lower since its possible M formation back in April.  SELL SIGNAL FOR NATURAL GAS.  CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com. 

NO UPDATE TODAY

Posted on 6/18/2013 2:31:20 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

Higher for crude and heating oil along with the rbob and natural gas. After today's closes the energies noo are acting like they are going to move higher especially with new recent highs and closes. Looking at similar energy charts since the middle of April, it's getting harder and harder,at least for me, to take an energy position in either direction except for short term trades. If you look at the weekly and daily charts for the crude, heat and rbob, one can see that they all looked toppy until recently.The crude is a little trickier on its daily chart and does show a range of between 85 and 100 since June 2012. Crude is in the middle of good support and resistance areas and is back to looking like it could be forming a potentially large bottom.Watch 92 and then 90 because if those two areas don't hold, we could possibly be witnessing the beginning of a larger move lower. Also, crude hasn't settled over 100 since May 2012.  Eventually we'll see a breakout in one direction or the other hopefully giving us a sense of a long term direction. Meanwhile the heat  has been consolidating over the last month with good resistance from 295 up to around 305 but today's close could be a sign that the heat will test the upper end of the above mentioned range. I am continuing to stand aside for now. Similar type action for the rbob but not quite a breakout like the heat. The rbob also has support that goes from 280 down to 270 while having resistance from 300 to 310 although I wouldn't want to see a close below 270. Gas settled lower and has been moving lower since its possible M formation back in April.  SELL SIGNAL FOR NATURAL GAS.  CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com. 

NO UPDATE TODAY

Posted on 6/18/2013 2:31:07 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

Higher for crude and heating oil along with the rbob and natural gas. After today's closes the energies noo are acting like they are going to move higher especially with new recent highs and closes. Looking at similar energy charts since the middle of April, it's getting harder and harder,at least for me, to take an energy position in either direction except for short term trades. If you look at the weekly and daily charts for the crude, heat and rbob, one can see that they all looked toppy until recently.The crude is a little trickier on its daily chart and does show a range of between 85 and 100 since June 2012. Crude is in the middle of good support and resistance areas and is back to looking like it could be forming a potentially large bottom.Watch 92 and then 90 because if those two areas don't hold, we could possibly be witnessing the beginning of a larger move lower. Also, crude hasn't settled over 100 since May 2012.  Eventually we'll see a breakout in one direction or the other hopefully giving us a sense of a long term direction. Meanwhile the heat  has been consolidating over the last month with good resistance from 295 up to around 305 but today's close could be a sign that the heat will test the upper end of the above mentioned range. I am continuing to stand aside for now. Similar type action for the rbob but not quite a breakout like the heat. The rbob also has support that goes from 280 down to 270 while having resistance from 300 to 310 although I wouldn't want to see a close below 270. Gas settled lower and has been moving lower since its possible M formation back in April.  SELL SIGNAL FOR NATURAL GAS.  CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com. 

Crude oil gives a sell signal 05/30

Posted on 6/18/2013 1:36:18 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.

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SEE CHART

NO UPDATE TODAY

Posted on 6/18/2013 1:27:35 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

Higher for crude and heating oil along with the rbob and natural gas. After today's closes the energies noo are acting like they are going to move higher especially with new recent highs and closes. Looking at similar energy charts since the middle of April, it's getting harder and harder,at least for me, to take an energy position in either direction except for short term trades. If you look at the weekly and daily charts for the crude, heat and rbob, one can see that they all looked toppy until recently.The crude is a little trickier on its daily chart and does show a range of between 85 and 100 since June 2012. Crude is in the middle of good support and resistance areas and is back to looking like it could be forming a potentially large bottom.Watch 92 and then 90 because if those two areas don't hold, we could possibly be witnessing the beginning of a larger move lower. Also, crude hasn't settled over 100 since May 2012.  Eventually we'll see a breakout in one direction or the other hopefully giving us a sense of a long term direction. Meanwhile the heat  has been consolidating over the last month with good resistance from 295 up to around 305 but today's close could be a sign that the heat will test the upper end of the above mentioned range. I am continuing to stand aside for now. Similar type action for the rbob but not quite a breakout like the heat. The rbob also has support that goes from 280 down to 270 while having resistance from 300 to 310 although I wouldn't want to see a close below 270. Gas settled lower and has been moving lower since its possible M formation back in April.  SELL SIGNAL FOR NATURAL GAS.  CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com. 

NO UPDATE TODAY

Posted on 6/18/2013 7:43:17 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

Higher for crude and heating oil along with the rbob and natural gas. After today's closes the energies noo are acting like they are going to move higher especially with new recent highs and closes. Looking at similar energy charts since the middle of April, it's getting harder and harder,at least for me, to take an energy position in either direction except for short term trades. If you look at the weekly and daily charts for the crude, heat and rbob, one can see that they all looked toppy until recently.The crude is a little trickier on its daily chart and does show a range of between 85 and 100 since June 2012. Crude is in the middle of good support and resistance areas and is back to looking like it could be forming a potentially large bottom.Watch 92 and then 90 because if those two areas don't hold, we could possibly be witnessing the beginning of a larger move lower. Also, crude hasn't settled over 100 since May 2012.  Eventually we'll see a breakout in one direction or the other hopefully giving us a sense of a long term direction. Meanwhile the heat  has been consolidating over the last month with good resistance from 295 up to around 305 but today's close could be a sign that the heat will test the upper end of the above mentioned range. I am continuing to stand aside for now. Similar type action for the rbob but not quite a breakout like the heat. The rbob also has support that goes from 280 down to 270 while having resistance from 300 to 310 although I wouldn't want to see a close below 270. Gas settled lower and has been moving lower since its possible M formation back in April.  SELL SIGNAL FOR NATURAL GAS.  CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.