• 3 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 5 minutes Could Tesla Buy GM?
  • 11 minutes Global Economy-Bad Days Are coming
  • 17 minutes Venezuela continues to sink in misery
  • 7 hours OPEC Cuts Deep to Save Cartel
  • 7 hours What will the future hold for nations dependent on high oil prices.
  • 1 day End of EV Subsidies?
  • 2 hours Price Decline in Chinese Solar Panels
  • 13 hours Congrats: 4 journalists and a newspaper are Time’s Person of the Year
  • 14 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 10 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 23 hours Permian Suicide
  • 1 day GOODBYE FOREIGN OIL DEPENDENCE!!
  • 1 day Asian stocks down
  • 1 day IT IS FINISHED. OPEC Victorious
  • 1 day Maersk's COO statment.
Alt Text

Aramco’s “Acquisition Hit List”

As Saudi Arabia prepares for…

Alt Text

How To Play A Recovery In Oil Prices?

A realistic correction in the…

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 – 4th April 2013

Natural Gas broke support at 3.966/961 & managed to hold just above the next support at 3.886/860. We can try longs here today & look for a bounce with the market now over sold in the short term. We need a stop below 3.833 for a test of the next support at 3.792.

Resistance at 3.966 is our first obstacle on a bounce. A top here is possible today but a break above 3.991 could signal a move towards this week’s high of 4.044.

Natural Gas Daily Update - 04.04.13
Click to enlarge.

RBOB Gasoline broke strong support at 299.52/41 & collapsed all the way to 290.98 support. We have over run a little but we look over sold in the short term & have pushed back above 290.98.

Today therefore there is a chance of a recovery to 295.90. Watch for the market to turn lower here but a push higher could allow a test of stronger resistance at 298.84/299.41. It may be wise to exit longs here & perhaps try small shorts with a stop above 301 as a break higher could target 304.17/305.07.

290.98/290.23 is support today & we could bounce from here again. On a break however we meet 100 & 200 day moving average support at 288.77/287.94. So again we look for a bounce here but longs will need a stop below 286 as this risks a move to good support at 282.55.

RBOB Daily Update - 04.04.13
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
-->