Crude futures (CME CL) finding some support at the $65 handle:

WTI Crude Oil Trading

And suprisingly the uptrend continues. I'm surprised the lower crude prices haven't put pressure on natgas prices yet. It will. Also, warm weather in the US has been supporting natgas prices. Here's a continuation from the chart you drew up. image ...

Nat Gas anyone?

url - OPEC+ drama Oil prices started dropping last week after the announcement that the UAE and Saudis had reached an informal agreements. Then, the OPEC+ meeting on Sunday made it official, oil prices again started dropping after the open. I ...

WTI Crude Oil Trading

Natural gas off to a strong start this week. CME's NG futures: image

Nat Gas anyone?

UAE isn't giving up on a few issues which is preventing an OPEC agreement. They want their baseline revised and they are not in favor of extending the DOC. The Saudis aren't budging either. I wouldn't be surprised if we see further delays. Crude ...

WTI Crude Oil Trading

OPEC played this well. They knew going in that UAE and Mexico were going to be tough to convince to agree to the easing of cuts, as well as the DOC. They seem to have gotten Mexico on board (not an OPEC member), but UAE is standing firm (an OPEC ...

High Impact Events Trading... Energy Edition

It's tough to be bullish Natural Gas when this is what's it's done for the past 15+ years: image But on a shorter term time frame, with oil prices going through the roof, maybe there's a swing trade play. Could be late to this party though. Since ...

Nat Gas anyone?

Natural Gas is benefiting from volatile weather and higher crude oil prices. I couldn't have predicted this after-winter rally. Some pretty heavy volume coming in on these rallies too. (CME NG)

Nat Gas anyone?

I had to check this because of how much copper has been on a tear. One of my favorite charts since the pandemic has been a Crude/Copper overlay, especially to determine demand in China. Sure enough, copper has retreated but crude has continued to ...

WTI Crude Oil Trading

What a rally since May 21st. It's tough to think OPEC+ won't increase production or at least provide guidance for increased production starting Aug. The OPEC+ meeting next week is going determine whether or not we're at a top in WTI. Lots of talk ...

WTI Crude Oil Trading

These high crude oil prices are providing some upward price pressures on NatGas. Strong week for NatGas futures (CME NG).

Nat Gas anyone?

NatGas quietly continuing to come off those April lows. CME NG on a daily:

Nat Gas anyone?

Gold/Silver correlation has been tight recently. Here's a comparison of Gold vs Silver (CME) futures: image I'm still looking at gold/silver ratio dropping as (possibly) a good indicator of strength in precious metals. It's been a theme for a while ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Possibly. A lot will depend on Saudi Arabia and how aggressively they're going to scale down their own production cuts.

WTI Crude Oil Trading

Apparently, US supply increase is smaller than expected. url

WTI Crude Oil Trading

No news out there as to why WTI is rallying?

WTI Crude Oil Trading

WTI is diving. I'm hearing flight to safety. Bond yields headed lower, USD is higher, but gold and precious metals are melting down. Not sure what to make of this yet. CME CL futures contract trading below $70. image

WTI Crude Oil Trading

It probably means nothing ahead of FOMC, but silver is dropping, gold/silver ratio going up. Gold is holding steady but heavy selling coming into silver. Silver (CME SI): image Gold/Silver: image

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Crude CME futures came down hard after touching $72.99. $73 looks like it's going to be some strong resistance. But with FOMC on deck none of that could matter.

WTI Crude Oil Trading

Here we go. CME crude futures (CL) hit 72.99 and came down. I expect some resistance here. But if it breaks through we could get some momentum.

WTI Crude Oil Trading