Last week looked promising for May Natural Gas following the previous week’s closing price reversal bottom, but even after a confirmation, the market could not…
After failing to pierce the previous week’s low at $104.29, May Crude Oil made a low at $104.50 and proceeded to rally sharply higher. The…
May Crude Oil finished the week with a slight gain. It was a quiet week with the market showing a bias to the downside until…
May Natural Gas futures finished the week higher and in the process formed a weekly closing price reversal bottom. A trade though 2.468 will confirm…
Last week May Natural Gas took out its last swing bottom at 2.527. The move not only resumes the downtrend, but it also indicates further…
May Crude Oil futures posted a modest gain last week with better-than-expected U.S. economic news the catalyst behind the move. The market started out weak…
There is not much to say about Natural Gas from a technical perspective. The weekly chart says everything. The main trend will change to up…
Weekly April crude oil posted a potentially bearish closing price reversal top last week. This formation typically leads to a 2 to 3 week break…
April natural gas continued to consolidate last week, but the weak close could mean another test of the support. Last week, the market sold off…
April Natural Gas futures finished at a three week high while continuing its base-building process. This is important from a technical perspective because typically, the…
The inability to penetrate a major 50 percent price level at $95.13 helped form a new bottom at $95.81 on the April Crude Oil weekly…
Last week, April Natural Gas traded in an inside range, indicating that it may be going through a transition period. This should come as no…
The lack of follow-through to the downside led to a fast turnaround in April Crude Oil last week. Although the market closed higher for the…
March Crude Oil closed lower last week after posting an expanded range. The market continued its downslide that began five weeks ago when it topped…
March Natural Gas “followed-through” to the upside last week after the previous week’s closing price reversal bottom if you consider a .0060 move through the…
March Natural Gas formed a dramatic closing price reversal bottom last week, setting up the market for a 2 to 3 week rally equal to…
March crude oil closed higher last week after the Fed announced it would keep interest rates at ultra-low levels until late-2014. The news helped trigger…
Despite the shift in the fundamentals the week before, March Crude Oil failed to follow-through to the downside and the market finished the week with…
March Natural Gas gapped lower on the weekly chart. This is a rare occurrence that often indicates exhaustion in markets that have experienced prolonged moves…
March Crude Oil traded sharply lower last week with an expanded range. Based on the previous week’s failure to follow-through to the upside when the…