February natural gas continued its descent along a pair of downtrending Gann angles at 2.958 and 2.850 this week. By the end of the week,…
February Crude Oil closed higher last week despite the stronger U.S. Dollar and a general aversion to risky assets. This only proves what traders have…
Another round of selling pressure drove the February Natural Gas futures contract to a new low last week. The market also closed under the psychological…
February Crude Oil had a weak follow-through to the upside after a powerful rally the week before. The thin holiday trade was probably the biggest…
Last week the fundamentals clashed with the technicals in the February Crude Oil futures market and by week’s end the fundamentals clearly won. Even though…
The downtrend continued in the Natural Gas futures market as the February contract reached a new low at $3.100. The trade was slow last week,…
The sell-off continued in February Natural Gas last week with the futures market reaching a new low for the year. Like the previous nearby contracts,…
February Crude Oil confirmed its weekly closing price top at $103.28 with its sell-off through the last minor bottom at $95.16 and a key 50…
Forecasts of warmer temperatures in the U.S. pressured January Natural Gas futures last week. These unseasonal temperatures are expected to continue to keep buyers on…
January Crude Oil futures had a strong surge on Friday, but still managed to close lower for the week. Renewed buying helped prices rise for…
January crude oil finished sharply higher last week. The rally was primarily driven by greater demand for risky assets fueled by a weaker Dollar and…
Forecasts of colder temperatures helped give natural gas futures a boost last week. Although supply remains high, increased demand for product led to a decrease…
After nudging barely lower than the previous week’s low, January Natural Gas rallied sharply higher off this level, forming an outside move on the weekly…
January Crude Oil closed lower for the second consecutive week but losses could have been worse if not for a strong comeback on Friday. The…
January Natural Gas futures finished lower for the week despite news from the U.S. Energy Information Administration that natural gas inventories rose less-than-expected last week.…
January Crude Oil futures succumbed to selling pressure last week, reaching a high at $103.37 and forming a closing price reversal top. Once confirmed, this…
January Crude Oil finished sharply higher for the week, settling well above a key 50% support at $95.29, but below 61.8% resistance at $99.99. Additional…
Natural gas futures continued to fall on the weekly chart. Last week the January contract took out three week’s worth of bottoms to set another…
Natural gas continues to base while attempting to form its final bottom according to the January futures contract. Last week’s action produced a higher-top and…
Crude oil reached a three-month high on Friday after the U.S. Labor Department reported that the unemployment rate declined to 9 percent in October, less…