In my opinion, cash markets eroded in real time this week, keeping futures traders from attempting even a dead cat bounce. Culminating factors of weaker beef and heavy cattle, met head long with October's optimism of producers. Bullishness was produced solely by producers themselves and it showed
Another Friday afternoon brings to an end another wild week, this one made more so by US mid-term election Tuesday.Down day candlestick chart by Bigc Studio via Shutterstock
December WTI crude oil (CLZ26 ) closed up +0.31 (+0.34%) on Friday, and December RBOB gasoline (RBZ26 ) closed up +0.0133 (+0.48%). Crude oil and gasoline prices fluctuated between gains and losses on Friday and finally settled higher. Crude found support Friday as Ukraine ramped up drone attacks on
December Nymex natural gas (NGZ26 ) closed up +0.051 (+1.73%) on Friday. Dec nat-gas prices climbed to a 1-week high on Friday and settled higher on prospects of colder US temperatures, which could boost heating demand for nat-gas. The Commodity Weather Group said Friday that forecasts shifted cool
December WTI crude oil (CLZ26 ) is down -0.16 (-0.18%) today, and December RBOB gasoline (RBZ26 ) is down -0.0022 (-0.08%). Crude oil and gasoline prices gave up an early advance and turned lower today on signs of progress in diplomatic efforts to end the war in Iran, which could...A sunset over a f
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 782)Stacked silver bars by Tookapic via Pixabay
Clean Energy Fuels: Q3 Earnings Snapshot
December WTI crude oil (CLZ26 ) closed up +2.40 (+2.72%) on Thursday, and December RBOB gasoline (RBZ26 ) closed up +0.0348 (+1.28%). Crude oil and gasoline prices recovered from overnight losses on Thursday and settled sharply higher today as short covering emerged after fresh attacks by Ukraine on
December Nymex natural gas (NGZ26 ) closed down -0.012 (-0.41%) on Thursday. Dec nat-gas prices settled lower on Thursday after weekly storage rose more than average. The EIA reported that nat-gas inventories rose +77 bcf in the week ended October 30, well above the five-year average for the week o
Skip York breaks down the state of play PRE-election – critical fundamental guidance on oil, gas, and product markets no investor should go without.Natural gas burnoff refinery by Leonid Eremeychuk via iStock
December WTI crude oil (CLZ26 ) is up +1.98 (+2.25%) today, and December RBOB gasoline (RBZ26 ) is up +0.0181 (+0.66%). Crude oil and gasoline prices recovered from overnight losses and are moving higher today as short covering emerged after fresh attacks by Ukraine on Russian oil refiners, which co
Goldman Sachs has issued a $140 case for Brent crude2 pumpjacks at sunset by vadimrysev via iStock
December WTI fell 8.3% Wednesday and is testing the top of the early-October base near $88.90. December nat gas bounced off its $2.84 contract low and faces the EIA storage report this morning, with a 78 bcf build expected. Key levels and bias for both markets are inside.Floating oil rig in ocean by
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 781)Silver nuggets and ingot by Mike Maniatis via Shutterstock
December WTI crude oil (CLZ26 ) closed down -7.97 (-8.29%) on Wednesday, and December RBOB gasoline (RBZ26 ) closed down -0.2069 (-7.05%). Crude oil and gasoline prices plummeted on Wednesday, with Dec WTI crude oil falling to a 4-week low and gasoline dropping to a 7.75-month low. Crude prices ope
December Nymex natural gas (NGZ26 ) closed up +0.064 (+2.21%) on Wednesday. Dec nat-gas prices settled higher on Wednesday as forecasts for cooler US autumn temperatures could potentially boost heating demand for nat-gas. The Commodity Weather Group said Wednesday that forecasts shifted cooler acro
Wednesday’s midterm sweep delivers a decisive relief trade: 4 simultaneous all-time highs in XLF, XLP, XLV, and VTV as domestic cyclicals ripped, while crude collapsed 9% and VXX cratered 9% as the Iran war risk premium liquidated overnight. The vol surface tells the nuanced story; IV Rank at 19.9%
When I hear seemingly everyone on Wall Street picking the same market segments to buy, I immediately get skeptical.Stacked oil barrels by JONGHO SHIN via iStock
Cheniere Energy (LNG) demonstrates strong price momentum, hitting an all-time high in October. Shares are up more than 40% over the past 52 weeks. LNG maintains a 100% technical “Buy” rating from Barchart. Wall Street sentiment is optimistic, with most analysts rating LNG a “Strong Buy.” Today’s Fe
December WTI crude oil (CLZ26 ) is down -3.99 (-4.15%) today, and December RBOB gasoline (RBZ26 ) is down -0.1023 (-3.48%). Crude oil and gasoline prices are sharply lower today, with Dec WTI crude oil falling to a 3-week low and gasoline dropping to a 3-month low. Comments today from...2 pumpjacks
