Energy Futures Trading

Do to the overwhelming workload that I have had with my company Aaron Trading and these commodity futures markets that just won’t quit I haven’t been able to post on this blog in a while. However, I hope to once again publish timely crude oil and energy commentary on this blog. Just not sure when [...]

Crude Oil Futures Trading March crude oil futures closed unchanged on Thursday as it consolidates below the 50% retracement level of the November-January rally crossing at 63.10. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. [...]

Crude Oil Futures March crude oil was slightly higher due to light short covering overnight as it consolidates some of Thursday’s huge decline, which led to a close below the 20-day moving average crossing at 66.17. Stochastics and the RSI have turned bearish signaling that sideways to lower prices are possible near-term. If March extends this [...]

NYMEX Crude Oil Futures March crude oil closed higher on Thursday due to short covering but remains below the 10-day moving average crossing at 66.53. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. NYMEX Heating Oil March heating [...]

Natural Gas Overview Natural gas spot prices continued to decrease this week at all market locations as unseasonably mild temperatures persist in most regions of the United States. For the week (Wednesday to Wednesday), the spot price at the Henry Hub declined 35 cents per MMBtu, or about 4 percent, to trade at $8.50 per [...]

Summary of Weekly Petroleum Data for the Week Ending January 20, 2006 Crude Oil U.S. crude oil refinery inputs averaged nearly 14.7 million barrels per day during the week ending January 20, down 14,000 barrels per day from the previous week’s average, as, apparently, some refineries continue to undergo maintenance. Refineries operated at 86.2 percent of their operable capacity last [...]

In analyzing crude oil markets, some people may look at market conditions now and find some comparable period in the past in order to draw conclusions about where the market is headed. Other people analyze current pricing patterns and use them as the basis for forecasting future prices. And still others will base their assessment [...]

Weekly U.S. Retail Gas Prices, Regular Grade Dollars per gallon, including all taxes 1/2/06 1/9/06 1/16/06 Week Ago Year Ago Gas Prices - Region U.S. 2.327 2.32 2.336 0.016 0.483 East Coast 2.37 2.381 2.395 0.014 0.535 New England 2.377 2.397 2.414 0.017 0.554 Central Atlantic 2.407 2.422 2.452 0.03 0.571 Lower Atlantic 2.341 2.345 2.347 0.002 0.504 Midwest 2.332 2.263 2.282 0.019 0.435 Gulf Coast [...]

NYMEX Crude Oil Futures March NYNEX crude oil futures closed lower on Tuesday and below the 75% retracement level of this fall’s decline crossing at 68.05 as it consolidates some of its recent gains. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought and are [...]

Crude oil futures fell for a second day as OPEC’s production and growing U.S. stockpiles eased concern supplies of crude from Iran and Nigeria would be interrupted. Saudi Arabian Oil Minister Ali al-Naimi said the Organization of Petroleum Exporting (OPEC) Countries didn’t need to alter production at current prices, an Indian television channel reported yesterday. [...]