• 7 minutes Get First Access To The Oilprice App!
  • 11 minutes Japanese Refiners Load First Iran Oil Cargo Since U.S. Sanctions
  • 13 minutes Oil prices forecast
  • 17 minutes Renewables in US Set for Fast Growth
  • 12 hours Socialists want to exorcise the O&G demon by 2030
  • 15 hours Chinese FDI in U.S. Drops 90%: America's Clueless Tech Entrepreneurs
  • 6 hours Russian Message: Oil Price War With U.S. Would Be Too Costly
  • 18 hours Good Marriage And Bad Divorce: Germany's Merkel Wants Britain and EU To Divorce On Good Terms
  • 1 day Cheermongering about O&G in 2019
  • 8 hours Oil CEOs See Market Rebalancing as Outlook Blurred by China Risk
  • 2 days Duterte's New Madness: Philippine Senators Oppose President's Push To Lower Criminal Age To 9
  • 2 days North Sea Rocks Could Store Months Of Renewable Energy
  • 22 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 12 hours WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
  • 1 day Oceans "Under Fire" Of Plastic Trash
Alt Text

How To Play A Recovery In Oil Prices?

A realistic correction in the…

Alt Text

This Supermajor Is Leading The Energy Sector

This supermajor has been standing…

Jason Sen

Jason Sen

Jason Sen began his career at the age of 19 in the options pits, market making his own account as a ‘local’ on the trading…

More Info

Trending Discussions

Technical Review of the Energy Markets – 3rd April 2013

The market could have topped out now after the 1 month rally and we look for 96.39 today. Below here we have good support at 95.85 which held yesterday for the second day & could again today. However any longs here need a stop below 95.50 for continued losses down towards 94.82/65. We should see a good bounce from here so worth exiting shorts & trying longs with a stop below 94.35.

Resistance at 97.00/10 but above here a chance to retest 97.35 & possibly even 97.70/80. We should run in to sellers at these higher levels so we can try shorts again with a stop above 98.10.  

WTI update - 03.04.13
Click to enlarge.

Brent Crude formed a bullish inverse head & shoulders as hoped & we made it all the way to our measured target of 111.20/50. We suggested to exit all longs here & try shorts with a stop above 111.95. The market has now topped at 111.79 so this has all worked perfectly for the second time.

We broke support at 110.40/30 & fell as far as 110.10. Today 110.00/90 could hold the downside again but be ready to go with a break lower looking for 109.55/35. We should see a good bounce from here but longs need a stop below 109.00.

Brent Update - 03.04.13
Click to enlarge.

By. Jason Sen




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News