A quick look at yesterday: hesitant but grinding higher: Oil closed at $113.03 per barrel after ranging between $110.88 and $113.8. Yesterday's gains added to CME Oil's bullish trend that has lasted for 3 days so far, during which it increased a total of $2.95. Oil gained 48.75% so far this year (2022). A study […]
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A quick look at yesterday: NY Natural Gas slid down from $8.31 to $8.06 per MMBtu, taking a 25 cents loss (3%). Yesterday's down move comes on the back of a 10 day uptrend, during which NY Natural Gas added $1.28 to its value. NY Natural Gas has gained 66.29% over the last 2 months. […]
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Heating Oil is now trading at $3.79 per gallon after tracing out a steady $3.77 – $3.82 range today. NYMEX Heating Oil is now trading 23.3% below the yearly high ($4.94) it held 22 days ago. Chart analysis suggests Heating Oil Futures's resistance level is now at $4.94. Trend indicators show us that at $3.81, […]
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NY Heating Oil remains constrained within a $3.54 to $3.71 range and is currently trading around the $3.57 per gallon level. Today's losses are adding to an 8 day bearish run, during which Heating Oil lost 31.6 cents of its value. Heating Oil reached an annual high of $4.94 21 days ago but has lost […]
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After closing the previous trading day at $3.67, NY Heating Oil rose as high as $3.67 today before paring back gains and trading at $3.67 per gallon. While flat so far today, Heating Oil Futures is in a 7 day bearish trend during which it lost 31.6 cents of its value. As the trading day […]
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