October WTI crude oil (CLV21 ) this morning is down -1.46 (-2.03%), and October RBOB gasoline (RBV21 ) is down -0.0454 (-2.09%). October Nymex natural gas (NGV21 ) is down -0.024 (-0.47%). Oct WTI crude...
We are on the sideline in CLV. System signals maintain the balance of length in HOV. Friday’s market movement triggered new length in RBV for those who opted. A new long position was added in NGV.
Oil and products are off this morning in a general risk-off situation that has impacted almost all major commodities markets. Strength in the dollar and concerns about a weak stock market have traders...
Crude oil finally broke out of a consolidation of wave B/2, so energy is now seen in a third leg of a recovery which can either be wave C or 3
On Friday the markets fell even though it was Quadruple Witching. Will we see the same today?
The fundamentals for kero / diesels improved last week with distillate stocks falling by 1.7mb and extending below the five year average. Stocks typically fall until mid November but with the hurricane...
US crude stocks fell sharply by 6.4mb on the week due to the continued outage of a large amount of US Gulf of Mexico crude production. Production is slowly restarting but stocks are well below the five...
The US driving season is over and as a result gasoline is of reduced interest to the the market. However, the recovery of Louisiana refining capacity following Hurricane Ida has been hampered by storm...
Natural gas has been making higher lows over the past fifteen months. The energy commodity began making higher multi-year highs in June 2021. With the peak season for demand on the horizon, the price is...
October Nymex natural gas (NGV21 ) on Friday closed down -0.125 (-2.29%). Oct nat-gas on Friday settled sharply lower on forecasts for cooler U.S. temperatures. The lower temps will curb nat-gas demand...
