Crude Oil Futures Update

News & commentary on Crude Oil Futures and the Energy Futures markets including Crude Oil WTI, Crude Oil Brent, Heating Oil, Gasoline RBOB, Natural Gas & more.

Crude Oil Futures Update is a blog dedicated to bringing updates, news and commentary on crude oil and the energy futures markets including Crude Oil WTI, Crude Oil Brent, Heating Oil, Gasoline RBOB, Ethanol and more.

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10/22/2014 Crude oil and Heating oil have sell signals

Posted on 10/22/2014 1:53:03 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.

SEE CHART

 


Options play: Where is the bottom in crude oil?

Posted on 10/22/2014 11:55:03 AM by: Matt McKinney, Market Strategist @ Zaner. 312-277-0115.

Direct-312-277-0115, http://www.mmckinneyfutures.com/

TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.

 

Options play: Where is the bottom in crude oil?

Crude is showing one my favorite and what has been for me, one of my most reliable technical indicators.

Fundamentally, the Energy Information Agency (EIA) showed what to me is a huge increase in supplies from last week to this week. All along I have stated that we have been in a glut situation with crude prices falling. The market also doesn't seem to want to correct at all. Well with a build in supplies of over 7 million barrels this week, it would seem the bears are on firm footing. In my view anything over a 5 million barrel change up or down is a market mover.  

 

Technically, on the chart below I have placed my favorite technical indicators. They are the 9 day Simple Moving Average (SMA, red line), the 20 day Simple Moving Average (SMA, green line), and the 50 day Simple Moving Average (SMA, blue line). I have also added the Bollinger Bands (BB's, yellow lines) and Candlesticks (red and green bars), each bar represents one day of trading on these daily charts. I have also placed bright white arrow lines that form one of my favorite technical indicators of all time, the SYMETRICAL TRIANGLE.

Which ever way the market breaks out of the white arrow lines that form the SYMETRICAL TRIANGLE could be the way the trend goes for a long period. It has been said and I find this to be true in more instances than not we go out the way we came in. In this case that would be down.

 

 

Daily January 15 crude oil chart

 

OPTION PLAY:

Since I see crude prices moving lower from here a play could be to buy put options or bear put spreads with a call for a hedge in a 3 to 1 ratio just in case the trend changes dramatically to the upside. Another play could be to sell deep out of the money calls collecting premium. Remember selling naked options involves unlimited risk and should only be considered if you have a well-funded account.

For exact details on other types of risk, months, expiration dates, strike prices, and number of positions feel free to contact me at 312-277-0115 or mmckinney@zaner.com. In addition, I am by no means "married" to the silver market. I like to make trade recommendations to my clients in the direction of the existing trend whether the market be the precious metals, energies, currencies, financials, softs, grains and more.

 

 

FREE QUOTE- "I hated every minute of training, but I said, '...don't quit. Suffer now and live the rest of your life as a champion." -Muhammad Ali

 

 

FUTURES, OPTIONS AND FOREX TRADING IS SPECULATIVE IN NATURE AND INVOLVES SUBSTANTIAL RISK OF LOSS. THESE RECOMMENDATIONS ARE A SOLICITATION FOR ENTERING INTO DERIVATIVES TRANSACTIONS. ALL KNOWN NEWS AND EVENTS HAVE ALREADY BEEN FACTORED INTO THE PRICE OF THE UNDERLYING DERIVATIVES DISCUSSED. FROM TIME TO TIME PERSONS AFFILIATED WITH ZANER, OR ITS ASSOCIATED COMPANIES, MAY HAVE POSITIONS IN RECOMMENDED AND OTHER DERIVATIVES.

 

FOR CUSTOMERS TRADING OPTIONS, THESE FUTURES CHARTS ARE PRESENTED FOR INFORMATIONAL PURPOSES ONLY. THEY ARE INTENDED TO SHOW HOW INVESTING IN OPTIONS CAN DEPEND ON THE UNDERDLYING FUTURES PRICES; SPECIFICALLY, WHETHER OR NOT AN OPTION PURCHASER IS BUYING AN IN-THE-MONEY, AT-THE-MONEY, OR OUT-OF-THE MONEY OPTION. FURTHERMORE, THE PURCHASER WILL BE ABLE TO DETERMINE WHETHER OR NOT TO EXERCISE HIS RIGHT ON AN OPTION DEPENDING ON HOW THE OPTION'S STICKE PRICE COMPARES TO THE UNDERLYING FUTURE'S PRICE. THE FUTURES CHARTS ARE NOT INTENDED TO IMPLY THAT OPTION PRICES MOVE IN TANDEM WITH FUTURES PRICES. IN FACT OPTIONS PRICES MAY ONLY MOVE A LITTLE.

THE LIMITED RISK CHARACTERISTIC OF OPTIONS REFERS TO LONG OPTIONS ONLY AND REFERS TO THE AMOUNT OF THE LOSS, WHICH IS DEFINED AS THE PREMIUM PAID ON THE OPTION(S) PLUS COMMISSIONS.


NO UPDATE TODAY

Posted on 10/22/2014 7:26:07 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

THE NEXT BULL MARKET IN THE ENERGY COMPLEX COULD BE NATURAL GAS. PLEASE CALL FOR THE REASONS WHY IN MY OPINION.

Higher for heating oil while lower for crude oil, the rbob and natural gas. I guess its been pretty obvious that the energy complex is in a bearish mode. We will see rallies along the way but I feel it will take cutbacks in oil production to stem the potential long term slide as I've mentioned many times before. Right now slowing economies around the world have helped the energies slide more than anything else. What is also interesting though is that miles traveled around the world has increased at the same time and we still have a glut of oil. SELL SIGNALS FOR CRUDE AND HEAT ING OIL ALONG WITH THE RBOB AND NATURAL GAS. CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more, sign-up for a FREE 30-day trial to Market head.Com

  

 

 


NO UPDATE TODAY

Posted on 10/22/2014 7:25:40 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

THE NEXT BULL MARKET IN THE ENERGY COMPLEX COULD BE NATURAL GAS. PLEASE CALL FOR THE REASONS WHY IN MY OPINION.

Higher for heating oil while lower for crude oil, the rbob and natural gas. I guess its been pretty obvious that the energy complex is in a bearish mode. We will see rallies along the way but I feel it will take cutbacks in oil production to stem the potential long term slide as I've mentioned many times before. Right now slowing economies around the world have helped the energies slide more than anything else. What is also interesting though is that miles traveled around the world has increased at the same time and we still have a glut of oil. SELL SIGNALS FOR CRUDE AND HEAT ING OIL ALONG WITH THE RBOB AND NATURAL GAS. CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more, sign-up for a FREE 30-day trial to Market head.Com

  

 

 


API ENERGY STOCKS CONTRACT LOW AND CLOSE FOR NATURAL GAS

Posted on 10/21/2014 7:41:27 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

THE NEXT BULL MARKET IN THE ENERGY COMPLEX COULD BE NATURAL GAS. PLEASE CALL FOR THE REASONS WHY IN MY OPINION.

Higher for heating oil while lower for crude oil, the rbob and natural gas. I guess its been pretty obvious that the energy complex is in a bearish mode. We will see rallies along the way but I feel it will take cutbacks in oil production to stem the potential long term slide as I've mentioned many times before. Right now slowing economies around the world have helped the energies slide more than anything else. What is also interesting though is that miles traveled around the world has increased at the same time and we still have a glut of oil. SELL SIGNALS FOR CRUDE AND HEAT ING OIL ALONG WITH THE RBOB AND NATURAL GAS. CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more, sign-up for a FREE 30-day trial to Market head.Com

  

 

 


NO UPDATE TODAY

Posted on 10/20/2014 6:34:47 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

THE NEXT BULL MARKET IN THE ENERGY COMPLEX COULD BE NATURAL GAS. PLEASE CALL FOR THE REASONS WHY IN MY OPINION.

Sharply lower for natural gas, crude and heating oil along with the rbob.  The crude oil and the rbob their worst lows and closes since June 2012 while heating oil made a new CONTRACT LOW AND CLOSE. Worrries from ebola, slowing world economies, price wars between Opec and non Opec countries along with a glut of oil has lead to continuation of the downtrend in the energy complex culminating in sharply lower closes today. THE FUTURE FOR GAS COULD CONTINUE TO BE VERY BULLISH DOWN THE ROAD. SELL SIGNALS FOR CRUDE AND HEAT ING OILALONG WITH THE RBOB AND NATURAL GAS. CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more, sign-up for a FREE 30-day trial to Market head.Com

  

 

 


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