Energies Futures Prices
- Trading Coach - Market Insights - Getting Bulled up on Crude
Oil looking bullish into year end to early 2020
- Natural Gas Looks To Move Higher
Looking to buy
- Algo Trading System Crude Oil Report For 10/21/2019
Based on 9 algo trading strategies developed with the Strategy Factory approach and 4 indicator based algo strategies, the current position bias for Crude...
- Our Full Report - Blue Line Morning Express
Our whole report this Friday. ES, NQ, Crude, Gold. Actionable research out early each morning to brokerage clients with full technicals.
- News Tsunami Doesn't Sink Markets
Yesterday we had about a dozen economic news reports yet that didn't sink the markets. Will this continue? Read on to learn more....
- Making Sense of the Dilly-Dallying Days in Crude Oil
Crude oil seesaw trading goes on, as yesterday's upswing gave way to a lower open earlier today. Given the declining USD, couldn't black gold have...
Futures Market News and Commentary
Nov WTI crude oil (CLX19) on Friday closed down by -0.15 (-0.28%), Dec Brent crude oil (CBZ19) closed down by -0.49 (-0.82%), and Nov RBOB gasoline (RBX19) closed up by +0.0005 (+0.03%). The energy complex settled mixed Friday as a slump in the dollar index to a 1-3/4 month low was offset by weakness in China's economy that raises energy demand concerns. The dollar index fell for a fourth day Friday and slid to a 1-3/4 month low, which is bullish for most commodities priced in dollars. A slowdown in China, the world's second-largest crude consumer, weighed on crude prices after Friday's data showed China Q3 GDP rose +6.0% y/y, weaker than expectations of +6.1% y/y and the slowest pace since the early 1990s. Friday's U.S. economic data was negative for economic growth and energy demand prospects after Sep leading indicators unexpectedly fell -0.1%, weaker than expectations of no change and the second month the index has declined. Thursday’s weekly EIA data showed that U.S. crude oil inv... Read more
Nov Nymex natural gas (NGX19) on Friday closed up +0.02 (+0.09%). Nov nat-gas prices moved slightly higher Friday on short-covering spurred on by concern a tropical depression in the Gulf of Mexico could become Tropical Storm Nestor this weekend and disrupt production from U.S. gas rigs in the Gulf. Money managers have record high net short positions for this time of year in seven gas contracts in data going back to 2014, which provides some fuel for a potential short-covering rally. Nov nat-gas rallied to a 2-week high Wednesday on expectations for cold weather in the U.S. to boost heating demand for nat-gas. Maxar on Thursday said it expects temperatures will be below normal across the central U.S. during Oct 22-26 before the cold temps move east from Oct 27-31. High U.S. nat-gas production continues to be a bearish factor with lower-48 nat-gas production Friday up +8.9% y/y at 93.901 bcf/d. Strong U.S. nat-gas output has caused U.S. nat-gas inventories to rise sharply in recent mont... Read more