Energies Futures Prices
- Algo Trading System Crude Oil Report For 04/06/2020
Based on 9 algo trading strategies developed with the Strategy Factory approach and 4 indicator based algo strategies, the current position bias for Crude...
- Paragon Investments' Futures File: Oil & Storms
This week's column looks at a rising oil market & the potential impact of storms this year.
- Emergency Collusion. The Energy Report 04/03/2020
Will the U.S. collude with OPEC plus Russia to try to save the global oil industry? Global oil prices exploded by 25%, the biggest percentage gain [...]...
- Breakfast Report - Cocoa Sugar Coffee OJ - Trade Alerts
Looking at different approaches to trading these markets, we have expanded by adding a fully institutionalized research department with actionable trading...
- WTI Crude oil continue uptrend to 28.50 while trading above 25.50
The uptrend may be expected to continue, while pair is trading above support level 25.25, which will be followed by reaching resistance level 27.38 and...
- Jobs Friday
Yesterday the world was stunned to learn that the US filed 6.6 million claims in one week. Given that today is Non Farm Payrolls, what should traders do?...
Futures Market News and Commentary
May Nymex natural gas (NGK20) on Friday closed up +0.069 (+4.45%).
May nat-gas prices on Friday settled sharply higher on the prospects for colder temperatures to move into the central United States and expectations for lower future nat-gas production. The Commodity Weather Group forecasts that temperatures will be seasonable to above-normal in the eastern and central U.S. over the next 10 days, before cooler weather pushes into the Midwest during April 11-15.
Nat-gas prices on Friday raced up to their highs after Friday afternoon's after weekly data from Baker Hughes showed U.S. active oil rigs dropped by -62 to 562, a 3-year low.
May nat-gas on Thursday earlier tumbled to a new contract low as a plunge in U.S. economic activity reduces energy demand. Friday's data from Bloomberg shows that U.S. nat-gas consumption is averaging 73.1 bcf a day this week, down -7.9% from the same period last week. Nat-gas prices are attempting to hold above last week’s 24-1/2 yea... Read more
May WTI crude oil (CLK20) on Friday closed up +3.02 (+11.93%), Jun Brent crude oil (CBM20) closed up +4.17 (+14.20%), and May RBOB gasoline (RBK20) closed up +0.0288 (+4.35%).
The energy complex on Friday rallied sharply with WTI crude at a 2-1/2 week high and RBOB gasoline at a 2-week high. Crude prices on Friday surged for a second day on hopes for a coordinated cut in crude production from OPEC and its allies. OPEC+ has scheduled a virtual meeting on Monday, and according to an OPEC delegate, a global cut in crude production of 10 million bpd is a realistic goal.
Crude prices also found support on comments from representatives from several Russian oil companies who said that Russia's oil industry is ready to agree to crude production cuts, together with Saudi Arabia and other producers.
Crude prices extended their gains Friday after Russian President Putin, who met with Russian oil executives Friday, said oil producing countries should join together to slash... Read more