Oil & Natural Gas

Stock Market Futures Lower In Downside Continuation

Stock market futures are trading sharply lower this morning. A cascade of selling on Friday continued after the break of the 1902 contested levels. A key price support zone at 1864 has also been broken and we remain below it this morning after another big washout lower. The Morning Report:…

S&P 500 Futures Clinging To Key Support; Battle Lines Drawn

Yesterday was an aggressive day of range-bound trading that left traders battling at lines of major congestion between 1902 – 1907 on S&P 500 futures. With moving averages flat and momentum neutral, the charts should continue to swing from buyers stepping in near 1896-1900 and sellers stopping the advance near the…

Where Is The Crude Oil Rally Headed Next?

Crude oil futures are volatile enough on a normal day, but with rumors of a Russia/OPEC February meeting to discuss production cuts, it’s really volatile now. As far as I can tell, the meeting and/or production cuts are currently an unfounded rumor – so we’ll wait to see if there is actual…

Have Gasoline Prices Bottomed? Watch This Chart Pattern

Over the past 18 months or so, investors have seen the energy market implode. Gasoline futures have correlated pretty well with Crude Oil in so much that they have both tanked. Most investors want to know if the decline is over with. Have gasoline prices bottomed? Sure would be nice…

A Bottom In Oil Prices But Perhaps Not “The” Bottom

With oil prices bouncing nearly 20% off of last Wednesday’s lows, many are once again asking whether or not the bottom in Oil is truly in. My answer to that is simple: “A” bottom is in. Whether or not it is “The” bottom in oil will only be obvious in…

Following The Energy Sector (XLE) With Ratio Analysis

I want to take a moment to share a few charts that followed the Energy Sector’s ($XLE) decline and seemed to highlight where the ETF might bottom. First we’ll look at a simple technical chart of the Energy Sector ETF (XLE), then follow it up with some ratio analysis of…

Crude Oil Declines Into Major Fibonacci Price Target, Rallies

Crude oil futures prices dipped below $27 per barrel last week before recovering with a late week rally that recaptured the psychological level of $30. That rally may seem minor in the scheme of things, but it has traders of all asset classes feeling better. The crude oil decline has been…

Crude Oil Prices Reverse Course: Is A Bottom Taking Shape?

The waterfall in crude oil prices has been relentless. Oil prices have declined by the largest amount over an 18 month period ever. Wow, that’s a heck of a decline. And due to its resourceful nature, it has plenty of folks worried about the global economy. But a supercharged late…