I'm not sure why crude dropped so sharply when a much larger than expected draw. Even distillates showed a draw. Gasoline was the outlier but the deviation from forecasts isn't that significant. Are the markets really putting that much emphasis on ...

WTI Crude Oil Trading

I'd probably add that WTI isn't session specific. There's volatility almost 24 hours a day. You might see more volatility in the London/European sessions, and more so the US session. But it's always susceptible to volatility. As a day trader, that's ...

WTI Crude Oil Trading

In the energy sector it's probably the best. There's a lot of volatility and volume so the simple answer is yes. Along with that volatility comes considerable risk. Good luck!

WTI Crude Oil Trading

Natural Gas (CME NG) is about to close higher for the 3rd straight week. image With crude oil prices as high as they are, we'll probably continue to see a higher correlation. As oil prices appreciate, NG becomes a cheaper alternative. Here's an ...

Nat Gas anyone?

Quite a big drop on the Nat Gas storage data: url

Nat Gas anyone?

Gold started to tank on bond yields rallying. It's an inverse relationship and gold (markets in general) are sensitive to moves in US bonds/yields. Here's a look at the CME GC futures contract. Heavy volume: image US equities sold off at the open ...

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

Crude moving higher on that big draw in Distillates. Gas and Crude inventory were almost in line. Not significant deviations. image Moving above the $64 handle on heavy volume too: image

WTI Crude Oil Trading

Natural Gas (CME NG) seems like it's in rally mode. Highest levels since early March. It's hard not to notice these gains (last two days) have had very little volume.

Nat Gas anyone?

Some risk-on sentiment suddenly coming into the market pushing crude prices higher. Some volume coming into the futures market with this rally (CME CL):

WTI Crude Oil Trading

Copper breaking out:

Copper for everyone

Pretty impressive start to the month of April. Here's the CME NG: image On a daily, it's looking like there could be some more upside especially if crude continues higher. image It's hard to think about taking a long position in anything that's ...

Nat Gas anyone?

Crude (CME CL) was in a tight trading range for a couple of weeks (posted about it here). I wasn't sure which way it would break. The recent surge back above the $62 is a bullish sign.

WTI Crude Oil Trading

While I'm not a huge believer in technical analysis, Support, resistance, and trend channels can serve as a good confirmation on entry/exit points. I've been saying for months that longer term fundamentals support holding gold. There's too much ...

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

Here's on of the most underappreciated overlays: Crude/Copper The correlation has been remarkably high.

Copper for everyone

Natural gas is having a pretty solid session.

Nat Gas anyone?

Agree!

WTI Crude Oil Trading

Since March 19th crude (CME CL) has stayed in a tight trading range of about $5. It's wise to wait for a break in either direction before getting back in. image

WTI Crude Oil Trading

It doesn't seem like Nat Gas is benefiting from these higher oil prices. Another down week looks very likely:

Nat Gas anyone?

Once it broke through that $59 handle it sold off hard. Not looking good for WTI longs. I've been reading it's weakening on a weaker demand outlook. We'll see what happens tomorrow as trading is seeing some thinner holiday volume.

WTI Crude Oil Trading