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Energy

US oil may rise to $66.52
Energy

US oil may rise to $66.52

  • On the daily chart, a resistance zone of $65.65-$66.60 triggered the second correction, which looks too shallow to complete.
Published 10 May, 2021 11:13am
Brent oil still targets $67.14
Energy

Brent oil still targets $67.14

  • Three smaller waves make up the wave 2. Based on the strength of the wave b, the current wave c could be very short.
Published 07 May, 2021 11:36am
US natgas futures steady ahead of storage report
Energy

US natgas futures steady ahead of storage report

  • That lack of price movement came despite forecasts for cooler weather and higher heating demand over the next two weeks than previously expected.
  • Front-month gas futures remained unchanged at $2.941 per million British thermal units.
Published 06 May, 2021 07:01pm
US oil target of $67.98 aborted
Energy

US oil target of $67.98 aborted

  • Unless oil could quickly reverse the fall on Wednesday and break $66.52, it will be more likely to drop towards $62.62-$63.88 range.
Published 06 May, 2021 12:00pm
Brent oil may fall more to $67.14
Energy

Brent oil may fall more to $67.14

  • In either case, oil is expected to retrace further over the next few days. Only a rise above $69.87 could confirm the continuation of the uptrend towards $71.38.
Published 06 May, 2021 11:58am