| Period | Period Low | Period High | Performance | |
|---|---|---|---|---|
| 1-Month | 3.3124 +12.16% on 04/25/22 | | 3.9282 -5.42% on 05/05/22 | +0.2129 (+6.08%) since 04/14/22 |
| 3-Month | 2.5582 +45.23% on 02/18/22 | | 3.9282 -5.42% on 05/05/22 | +1.0743 (+40.68%) since 02/16/22 |
| 52-Week | 1.8540 +100.39% on 08/20/21 | | 3.9282 -5.42% on 05/05/22 | +1.7200 (+86.20%) since 05/14/21 |
Crude fundamentals are weakening with the EU failing to agree a ban on Russian oil imports. In addition US emergency reserves now arriving in commercial storage and demand growth is moderating. Demand...
The global oil market is experiencing a series of blow-outs. It was the turn of ICE Gas Oil in March, NYMEX Jet Fuel in April and now NYMEX RB Gasoline is testing long term resistance at 380-390c/g. with...
The fundamentals for kero / diesels weakened last week with falling demand offsetting lower stocks. Attention is turning to refinery production which should increase after the spring maintenance program....
June WTI crude oil (CLM22 ) on Friday closed up +4.36 (+4.11%), and June RBOB gasoline (RBM22 ) closed up +16.61 (+4.38%). Crude oil and gasoline prices Friday rallied sharply, with crude posting a 1-week...
June Nymex natural gas (NGM22 ) on Friday closed down -0.076 (-0.98%). Nat-gas prices Friday posted moderate losses. The outlook for the current hot U.S. temperatures to fade undercut nat-gas prices Friday....
Stock & Commodity Trading Analysis | Blue Line Futures
While price gouging is always possible in the petroleum industry, we have to consider how fundamental dynamics have also changed.
June WTI crude oil (CLM22 ) this morning is up +3.52 (+3.32%), and June RBOB gasoline (RBM22 ) is up +10.82 (+2.85%). June Nymex natural gas (NGM22 ) is down -0.121 (-1.56%). Crude oil and gasoline prices...
Oil prices are surging on talk that Shanghai plans to stamp out community spread of the virus and start opening the city by May 20, according to Bloomberg. That, along with stability in stocks and threatening...
The Barchart Trading Guide is a Buy Signal with a Soft Signal Strength.
| Symbol | Last | Change |
|---|---|---|
| HON22 | 3.7047 | -0.0561 |
| ULSD NY Harbor | ||
| QHM22 | 3.9212s | +0.0051 |
| ULSD NY Harbor Mini | ||
| CLM22 | 108.90 | -1.59 |
| Crude Oil WTI | ||
| RBM22 | 3.9364 | -0.0214 |
| Gasoline RBOB | ||
| NGN22 | 7.897 | +0.132 |
| Natural Gas | ||
| QAN22 | 109.59 | -1.96 |
| Crude Oil Brent (F) | ||
| FLM22 | 2.73000s | -0.02500 |
| Ethanol Swaps-Chgo | ||
| $SG5I | 449.93 | -6.81 |
| S&P GSCI Heating Oil Index | ||
| 3rd Resistance Point | 3.9246 |
| 2nd Resistance Point | 3.8744 |
| 1st Resistance Point | 3.8176 |
| Last Price | 3.7047 |
| 1st Support Level | 3.7106 |
| 2nd Support Level | 3.6604 |
| 3rd Support Level | 3.6036 |
| 52-Week High | 3.9282 |
| Last Price | 3.7047 |
| Fibonacci 61.8% | 3.1359 |
| Fibonacci 50% | 2.8911 |
| Fibonacci 38.2% | 2.6463 |
| 52-Week Low | 1.8540 |
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