Oil & Natural Gas

S&P 500 Futures Decline On Bank Of Japan Surprise

Stock market outlook for April 28 – The Bank of Japan surprised the markets dramatically by not making further moves to increase stimulus. The surprise sent the S&P 500 futures (ES_F) right down into the bottom of the range that should bring buyers to make a play. This lower support…

April 27 Stock Market Futures: Waiting On The Federal Reserve

April 27 stock market futures outlook – The FOMC release today is at 2pm eastern. We trade in a tight range on the S&P 500 futures (ES_F), unlike the Nasdaq 100 futures (NQ_F), which fell rapidly and steeply on Apple’s (AAPL) earnings. For the S&P 500 futures, our support and resistance levels…

S&P 500 Futures Update: Markets Chop In Wait Of Fed

Outlook for S&P 500 futures April 26 – Waiting on the Fed – The Federal Open Market Committee (FOMC) is set to release a statement tomorrow, and in the meantime, the stock market indices are holding support regions into the announcement. Our overhead resistance levels for S&P 500 futures remain the…

S&P 500 Futures Move Lower; Test Buyers Resolve

April 26 stock market futures outlook – A weekly close above 2082 on S&P 500 futures (ES_F) was a fair signal that buyers are still intent on holding paths north, but undercurrents in this market remain mixed. If prevailing strength were wholly positive, we would see more individual charts catch…

S&P 500 Futures Update: Bulls Look To Defend Big Picture

Outlook for S&P 500 futures for April 22 – Though I don’t often bring the big picture into focus on my intraday trading report, it is important to realize that within this noise of price action are two important elements going on in the stock market right now. Buyers are being…

S&P 500 Futures: Overhead Resistance Keeps Bulls In Check

April 21 S&P 500 futures overview – Charts moved just shy of our upper target yesterday and failed to breach the 2105.25 level overnight. Buyers hold strong again – and no differently under divergent momentum. Our ranges remain the same but watch for the expansion over 2105.75 to drive shorts to…

Natural Gas Prices: Watch That 100 Day Moving Average!

This was the warmest winter on record according to many sources and apparently February and March were the warmest they have ever been as well. This is one reason investors have pointed to in understanding why Natural Gas prices have fallen – along with supply rising to historic levels as well. There’s…

S&P 500 Futures Retreat From Wall Of Resistance

S&P 500 futures outlook for Apr 18, 2016 – After traders were disappointed by the Doha ‘no decision’ outcome, the charts backed right down into Wednesday’s predicted test of support near 2061.5. Although the chart bounced off that support region, it did lose it for a time as sellers finally thought…

S&P 500 Update: Futures Make New 2016 Highs

The monster bounce overnight for S&P 500 futures has the market in new highs territory on April 13. This move is still within a defined rangebound market, however, a breach and successful retest of 2070 could lead to further extensions in price. At the same time, a failure could move stock market futures back…

S&P 500 Futures Drift Higher But Indecision Weighs

S&P 500 futures have been inching lower while bouncing within congestion territory between 2033.5 and 2047.75. The tests of these two levels will be important to gauge further extensions across stock market futures (on either the long or short side). So far, S&P 500 futures have recovered 2033 and slogged around…