• 4 minutes The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 3 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 11 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 5 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 6 days Demonising fossil fuels has caused major grid problem in Australia
  • 6 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 7 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"

Breaking News:

Oil Likely To Hit $200: SEB Group

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

Premium Content

Technical Review of the Energy Markets - 7th March 2013

Natural Gas fell back from resistance at 3.592/613 to support at 3.483 as expected. We watched for a bounce from here & although we over ran slightly to 3.462 we are now holding above 3.483.

A move back up to 3.540/3.554 is possible today & even a test of resistance at 3.592/613 but we do not expect this level to be broken now.

Natural Gas Daily Chart 07.03.13
Click here to enlarge.

Support is at 3.483/3.462 but if we break lower we could expect to test the next support level at 3.415/3.400. This should provide a floor for today but if we sink further look for 3.359.

WTI Crude Oil broke lower to retest 89.47 support, holding above here as predicted, as we expect the end of the 4 week sell off. We now face 90.54 resistance with a push through here very possible to target 91.30/40 for a high for the day here. However we cannot rule out a break higher for 91.90 then 92.50/92.70.

Support at 90.05/00. Below here risks a retest of 89.50/35 which should present a very good
buying opportunity once again. However a break could target 88.59.

WTI Crude Daily Chart 07.03.13
Click here to enlarge.

By. Jason Sen


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News