Crude Oil Futures Update

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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NO UPDATE TODAY

Posted on 5/21/2013 1:24:33 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

Higher for natural gas, crude and heating oil along with the rbob. It's kind of funny that  the crude still remains in the middle of good support and resistance areas while forming a potentially large bottoming formation while the rest of the energies look they're in like possible topping action.. The crude's(July) weekly chart shows a trading range basically between 85 and 100 since June 2012  moving lower since last October on the weekly chart but possibly bottoming on the daily/ Stil I see lower highs since February on the daily chart with 9822 in the July contract remaining critical to take out.. Support goes from 9400 down to 8800 and resistance 9600 to 9900 which  I would continue to trade off of near term until we see a breakout in either direction. Also, crude hasn't settled over 100 since May 2012.  Eventually we'll see a breakout in one direction or the other hopefully giving us a sense of a long term direction. The heat has has good resistance that goes from 295 up to around 305 also and I don't see strong support below!  I am continuing to stand aside for now although its trend has been down since the middle of February and the last month looks like a retracement rally to me. The rbob is also probably in a retracement rally.  It's also above support that goes from 280 down to 270 while having resistance from 300 to 310 although I wouldn't want to see a close below 280. Gas, on the other hand, has been strong overall since the middle of February after forming a very large bottoming pattern even though supplies remain abundant. However, for the last few weeks gas has looked toppy. Now a close below 390 could be critical leading to a possible drop down to 360. There's strong from 400 up to 440 making it difficult to pick an entry point without to great of a risk. Today's sharply higher close though, will needed to be watched carefully next week. Finally, gas will probably remain rangebound and choppy for a while yet. BUY SIGNALS FOR  THE RBOB AND NATURAL GAS. SELL SIGNAL  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 5/21/2013 1:24:13 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

Higher for natural gas, crude and heating oil along with the rbob. It's kind of funny that  the crude still remains in the middle of good support and resistance areas while forming a potentially large bottoming formation while the rest of the energies look they're in like possible topping action.. The crude's(July) weekly chart shows a trading range basically between 85 and 100 since June 2012  moving lower since last October on the weekly chart but possibly bottoming on the daily/ Stil I see lower highs since February on the daily chart with 9822 in the July contract remaining critical to take out.. Support goes from 9400 down to 8800 and resistance 9600 to 9900 which  I would continue to trade off of near term until we see a breakout in either direction. Also, crude hasn't settled over 100 since May 2012.  Eventually we'll see a breakout in one direction or the other hopefully giving us a sense of a long term direction. The heat has has good resistance that goes from 295 up to around 305 also and I don't see strong support below!  I am continuing to stand aside for now although its trend has been down since the middle of February and the last month looks like a retracement rally to me. The rbob is also probably in a retracement rally.  It's also above support that goes from 280 down to 270 while having resistance from 300 to 310 although I wouldn't want to see a close below 280. Gas, on the other hand, has been strong overall since the middle of February after forming a very large bottoming pattern even though supplies remain abundant. However, for the last few weeks gas has looked toppy. Now a close below 390 could be critical leading to a possible drop down to 360. There's strong from 400 up to 440 making it difficult to pick an entry point without to great of a risk. Today's sharply higher close though, will needed to be watched carefully next week. Finally, gas will probably remain rangebound and choppy for a while yet. BUY SIGNALS FOR  THE RBOB AND NATURAL GAS. SELL SIGNAL  CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com. 

Crude fresh buy signal 05/20

Posted on 5/21/2013 1:16:06 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.

Call me for trade set-ups and further details at (312) 277-0112

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SEE CHART

NO UPDATE TODAY

Posted on 5/21/2013 7:35:20 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

Higher for natural gas, crude and heating oil along with the rbob. It's kind of funny that  the crude still remains in the middle of good support and resistance areas while forming a potentially large bottoming formation while the rest of the energies look they're in like possible topping action.. The crude's(July) weekly chart shows a trading range basically between 85 and 100 since June 2012  moving lower since last October on the weekly chart but possibly bottoming on the daily/ Stil I see lower highs since February on the daily chart with 9822 in the July contract remaining critical to take out.. Support goes from 9400 down to 8800 and resistance 9600 to 9900 which  I would continue to trade off of near term until we see a breakout in either direction. Also, crude hasn't settled over 100 since May 2012.  Eventually we'll see a breakout in one direction or the other hopefully giving us a sense of a long term direction. The heat has has good resistance that goes from 295 up to around 305 also and I don't see strong support below!  I am continuing to stand aside for now although its trend has been down since the middle of February and the last month looks like a retracement rally to me. The rbob is also probably in a retracement rally.  It's also above support that goes from 280 down to 270 while having resistance from 300 to 310 although I wouldn't want to see a close below 280. Gas, on the other hand, has been strong overall since the middle of February after forming a very large bottoming pattern even though supplies remain abundant. However, for the last few weeks gas has looked toppy. Now a close below 390 could be critical leading to a possible drop down to 360. There's strong from 400 up to 440 making it difficult to pick an entry point without to great of a risk. Today's sharply higher close though, will needed to be watched carefully next week. Finally, gas will probably remain rangebound and choppy for a while yet. BUY SIGNALS FOR  THE RBOB AND NATURAL GAS. SELL SIGNAL  CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com. 

DIFFERENT LOOKING CHART FORMATION FOR THE CRUDE VERSES THE HEAT AND RBOB.

Posted on 5/20/2013 2:14:07 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

Higher for natural gas, crude and heating oil along with the rbob. It's kind of funny that  the crude still remains in the middle of good support and resistance areas while forming a potentially large bottoming formation while the rest of the energies look they're in like possible topping action.. The crude's(July) weekly chart shows a trading range basically between 85 and 100 since June 2012  moving lower since last October on the weekly chart but possibly bottoming on the daily/ Stil I see lower highs since February on the daily chart with 9822 in the July contract remaining critical to take out.. Support goes from 9400 down to 8800 and resistance 9600 to 9900 which  I would continue to trade off of near term until we see a breakout in either direction. Also, crude hasn't settled over 100 since May 2012.  Eventually we'll see a breakout in one direction or the other hopefully giving us a sense of a long term direction. The heat has has good resistance that goes from 295 up to around 305 also and I don't see strong support below!  I am continuing to stand aside for now although its trend has been down since the middle of February and the last month looks like a retracement rally to me. The rbob is also probably in a retracement rally.  It's also above support that goes from 280 down to 270 while having resistance from 300 to 310 although I wouldn't want to see a close below 280. Gas, on the other hand, has been strong overall since the middle of February after forming a very large bottoming pattern even though supplies remain abundant. However, for the last few weeks gas has looked toppy. Now a close below 390 could be critical leading to a possible drop down to 360. There's strong from 400 up to 440 making it difficult to pick an entry point without to great of a risk. Today's sharply higher close though, will needed to be watched carefully next week. Finally, gas will probably remain rangebound and choppy for a while yet. BUY SIGNALS FOR  THE RBOB AND NATURAL GAS. SELL SIGNAL  CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com. 

DIFFERENT LOOKING CHART FORMATION FOR THE CRUDE VERSES THE HEAT AND RBOB.

Posted on 5/20/2013 1:33:30 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

Higher for natural gas, crude and heating oil along with the rbob. It's kind of funny that  the crude still remains in the middle of good support and resistance areas while forming a potentially large bottoming formation while the rest of the energies look they're in like possible topping action.. The crude's(July) weekly chart shows a trading range basically between 85 and 100 since June 2012  moving lower since last October on the weekly chart but possibly bottoming on the daily/ Stil I see lower highs since February on the daily chart with 9822 in the July contract remaining critical to take out.. Support goes from 9400 down to 8800 and resistance 9600 to 9900 which  I would continue to trade off of near term until we see a breakout in either direction. Also, crude hasn't settled over 100 since May 2012.  Eventually we'll see a breakout in one direction or the other hopefully giving us a sense of a long term direction. The heat has has good resistance that goes from 295 up to around 305 also and I don't see strong support below!  I am continuing to stand aside for now although its trend has been down since the middle of February and the last month looks like a retracement rally to me. The rbob is also probably in a retracement rally.  It's also above support that goes from 280 down to 270 while having resistance from 300 to 310 although I wouldn't want to see a close below 280. Gas, on the other hand, has been strong overall since the middle of February after forming a very large bottoming pattern even though supplies remain abundant. However, for the last few weeks gas has looked toppy. Now a close below 390 could be critical leading to a possible drop down to 360. There's strong from 400 up to 440 making it difficult to pick an entry point without to great of a risk. Today's sharply higher close though, will needed to be watched carefully next week. Finally, gas will probably remain rangebound and choppy for a while yet. BUY SIGNALS FOR  THE RBOB AND NATURAL GAS. SELL SIGNAL  CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.