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Energy News and Commentary

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Sat, Dec 14th, 2024
Cocoa calendar spread and a gasoline calendar spread

The BCOM and GSCI Indexes will be rebalancing their funds beginning on January 8th. This event along with significant overbought levels should put significant pressure on Cocoa prices through the middle...

Volatile nat gas weather means selling option strangles

Jim's video highlights the negative EPO (Eastern Pacific Oscillation) and the positive PNA (Pacific/North American) teleconnections... and how they are driving the natural gas market

TGF25 : 41.215s (-3.71%)
NGF25 : 3.280s (-5.07%)
NFF25 : 103.000s (-2.99%)
UNG : 14.23 (-5.39%)
BOIL : 44.05 (-3.57%)
KOLD : 59.12 (+3.81%)
Crude Gains on Supply Concerns as US May Sanction Russian and Iranian Crude

January WTI crude oil (CLF25 ) Friday closed up +1.27 (+1.81%), and January RBOB gasoline (RBF25 ) closed up +0.0133 (+0.67%). Crude oil and gasoline prices Friday rallied to 2-1/2 week highs and settled...

CLG25 : 70.82s (+1.67%)
RBG25 : 2.0086s (+0.56%)
Nat-Gas Prices Hammered by a Warmer US Weather Outlook

January Nymex natural gas (NGF25 ) on Friday closed sharply lower by -0.175 (-5.07%) Jan nat-gas prices tumbled Friday on forecasts for warming US weather that will curb heating demand for nat-gas. On...

NGF25 : 3.280s (-5.07%)
Crude Rises on Possible Sanctions on Russian and Iranian Crude

January WTI crude oil (CLF25 ) today is up +0.80 (+1.14%), and January RBOB gasoline (RBF25 ) is up +0.0112 (+0.56%). Crude oil and gasoline prices today are moderately higher and posted 2-1/2 week highs....

CLG25 : 70.82s (+1.67%)
RBG25 : 2.0086s (+0.56%)
WTI Crude Rises as Geopolitical Tensions and Technical Levels Drive Market Action

WTI Crude Oil futures snapped a three-day rally yesterday, falling by -0.27 to settle just above 70. Chart-based selling weighed on futures and news-flow was limited outside of an updated IEA report.

Can Nikola Stock Survive a Trump Presidency? Here’s the Good, Bad, and Ugly.

Nikola stock has been falling to new lows and trades at a fraction of its all-time highs. Here's the forecast for NKLA as Donald Trump takes office in 2025.

XPEV : 12.30 (-3.98%)
QS : 4.89 (-0.81%)
TSLA : 436.23 (+4.34%)
NKLA : 1.4300 (-8.92%)
F : 10.39 (unch)
VWAGY : 9.4100 (+0.86%)
GM : 52.53 (+0.44%)
RIVN : 14.37 (+1.20%)
IEA Predicts Global Oil Glut Even With OPEC+ Delay - WTI Crude Oil 12/12/24

The February WTI (CLG25 ) trading session settled at 69.66 (-0.21) [-0.30%] , a high of 70.27, a low of 68.74. Cash price is at 70.32 (+1.72), while open interest for CLG25 is at 262,100. CLG25 settled...

CLG25 : 70.82s (+1.67%)
Crude Closes Lower on the Outlook for a Global Crude Glut

January WTI crude oil (CLF25 ) Thursday closed down -0.27 (-0.38%), and January RBOB gasoline (RBF25 ) closed up +0.0027 (+0.14%). Crude oil and gasoline prices Thursday fell back from 2-1/2 week highs...

CLG25 : 70.82s (+1.67%)
RBG25 : 2.0086s (+0.56%)
DXY00 : 107.003s (+0.04%)
Nat-Gas Prices Push Higher on a Bullish Weekly Storage Report

January Nymex natural gas (NGF25 ) on Thursday closed higher by +0.077 (+2.28%) Jan nat-gas prices on Thursday rallied for a second session and posted a 2-1/2 week high. A larger-than-expected draw in...

NGF25 : 3.280s (-5.07%)

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The Magnificent 7 now account for 33% of the entire S&P 500 market cap, an all-time high 🚨 Probably Fine https://t.co/8Nys4FUrxg
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Bitcoin $BTC has been the top-performing asset in 8 of the last 10 years (including 2024) https://t.co/swSH5TwEIC
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Fewer than 65% of S&P 500 stocks are now trading above their 200D moving average, the lowest number in more than 4 months 🚨 https://t.co/xj0GmYroAR
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Australian Dollar falls to lowest closing level against the U.S. Dollar in more than 13 months 🚨 https://t.co/LhFXCbshjw
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Bitcoin Strategic Reserve plans confirmed by President Trump, who believes that $BTC can surpass Gold's $18 Trillion Market Capitalization https://t.co/mJwhtYULZ9
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President Trump calls Jim Cramer the leading authority on having bad stock timing 😂😂😂😂 https://t.co/ZDhDHxBysq
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The gap between U.S. and China's borrowing costs has reached its widest level in more than 13 years 🚨 https://t.co/b3Bo4ehem2
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$UBER hits most oversold level since the onset of Covid 🚨 https://t.co/Lymm7ANUPk

Chart of the Day

The Realreal Inc (REAL)

Summary The RealReal (REAL) has shown exceptional price appreciation, gaining 142% since a Trend Seeker buy signal on 11/5, with strong technical indicators. The company operates an online marketplace for luxury goods, with significant growth in revenue and earnings expected over the next two years. Despite strong technical signals, analysts...
Read More

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