Tag Archives | crude oil futures

S&P 500 Futures - Dec 15 - Option Queen Letter

Option Queen Letter

Here in the northeast, the weather has been fantastic. We have been enjoying our Indian summer and, as the major indices continue to rally in the fourth-quarter, so too have the markets. We did; however, see a minor retreat on the very positive “Jobs Report” in the Friday session. The reports highlights the expansion of […]

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Nymex Crude Oil

Nymex Crude Oil Sees Bullish Upside “Breakout” this Week

The Nymex crude oil futures market this week popped higher and hit a five-week high–to produce a bullish upside “breakout” from a sideways trading range on the daily bar chart. This is one early clue that crude oil prices could be embarking on a fresh price uptrend. However, the bulls must now confront stiff overhead […]

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Brent oil (Daily) July 4, 2014

Brent Oil falls, but the oil market is still in the balance

The long spell of unrest and civil turmoil in the Middle East has had the commodities markets in flux. Oil and other energies in particular have featured a considerable risk premium as oil-producing nations found themselves in the midst of war and unrest. However there are signs that these major geo-political tensions are being relieved […]

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Crude oil futures chart, January 15, 2014

Crude oil – Holding Support Lets Get Involved

Since putting in an interim top on 12/27 just below $101/barrel WTI futures have retraced losing almost $10/barrel. The first red horizontal line is seen on March futures near $91.50 and under that level support comes in at $90. It will take a settlement above the 8 day MA(orange line) for confirmation which I expect […]

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U.S. Crude oil stocks

Robust Inventories and Iranian Deal Put Pressure on the Oil Barrel

Oil prices were on the defensive on Monday as a deal between Iran and the 5 permanent member of the U.N. security council along with robust petroleum inventories generated headwinds for prices. Inventories are currently at a 5-year high, which reflects strong production in the United States. Hedge fund traders have been reducing short positions […]

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Crude oil futures chart for October 13, 2013

Crude Oil Overstreched

WTI Crude oil prices may have found a floor. The steep sell off that has dragged December futures lower by nearly 6% in the last two weeks may have run its course. Futures are oversold as indicated by stochastics and while the 50% Fibonacci level may not be your ultimate reversal point there appears to […]

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Crude oil futures chart for September 4, 2013

Crude oil – Buy the Rumor…Sell the Fact

October Crude oil recently traded above $112/barrel but as of this post futures are trading $5 under that level below its 8 day MA (orange line). I often use the 8 day MA and 18 day MA as key pivot points when navigating the energy sector and as one can see on the chart below […]

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Crude oil Futures, August 14, 2013

Crude oil – Bullish draw and still NO Upside

Yesterday we saw an unexpected rise in fuel products reported by the API. According to the API Crude stockpiles fell 999,000 barrels last week but gasoline stockpiles rose 1.7M barrels and distillates rose 1.1M barrels. The EIA out today reported a slightly more bullish figure showing oil stockpiles falling 2.8M barrels. The EIA also indicated […]

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