Technicals: Double Top Breakdown

Technicals: Double Top Breakdown

Welcome to Energy Markets Daily. Tuesday, February 3, 2026 — Technicals. CRUDE OIL TECHNICALS: WTI pulled back hard. Down over 5% Monday, trading near $62.25 after hitting $66.51 swing high. US-Iran diplomatic shift and OPEC+ holding quotas triggered the move. Key levels. Support: $62.43 (38.2% Fib), $61.17 (50% Fib), $59.92 (61.8% Fib). The $60 psychological level is critical. Below that, $57 comes into play. Resistance: $66.51 swing high, then $66 zone. Moving averages: 100 SMA above 200 SMA confirms uptrend structure. But WTI flirting with close below 200-day MA. Indicators: Stochastic heading south from overbought. RSI above 50 midpoint but momentum fading. Pattern: Bearish double top forming. If $60 breaks, expect acceleration toward $57. NATURAL GAS TECHNICALS: Resistance at $3.80 (200-day SMA), $4.00 (prior high). Support at $3.476 (Dec 30 reaction), $3.26 (middle Bollinger). RSI normalizing after January overbought spike. Trade the levels, not the noise. For energy opportunities: energymarkets@protonmail.com

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Episoder(218)

Geopolitical Tensions Rising

Geopolitical Tensions Rising

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8 Jul 2min

Geographic Spotlight: Ecuador

Geographic Spotlight: Ecuador

Friday, July 3, 2026. GEOGRAPHIC SPOTLIGHT: ECUADOR. CURRENT PRODUCTION LEVELS: Ecuador's crude oil production averaged ~461,000-466,000 bbl/d Jan-Feb 2026. Daily lifts reported ~452,817-458,207 bbl/d...

3 Jul 2min

Geographic Spotlight: Belarus

Geographic Spotlight: Belarus

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2 Jul 2min

Strategic Positioning: Week 27 Midweek Update

Strategic Positioning: Week 27 Midweek Update

Wednesday, July 1, 2026. WEEK 27 MIDWEEK UPDATE. WTI crude oil trading ~$69.98-$70.42. EIA Weekly Petroleum Status Report released today (covering week ending Jun 26, 2026). CRUDE OIL INVENTORY UPDATE...

1 Jul 3min

Technicals: Week 27

Technicals: Week 27

Tuesday, June 30, 2026. CRUDE OIL TECHNICALS: WTI trading near $70. Recent closes ~$70.04-$70.42. Intraday range $69-$71 area. KEY LEVELS: Psychological support zone $70 (key round-number level). Imme...

30 Jun 2min

Doha Talks Resume

Doha Talks Resume

Monday, June 29, 2026. WEEK 27 OPENS. WTI crude oil opened at $70.50. Recent session range high $70.97, low $69.32. Prior close Jun 26 $69.23. Latest quotes ~$69.95-$70.21 (up slightly from Friday clo...

29 Jun 2min

Weekly Recap: Week 26 Complete

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Friday, June 26, 2026. WEEK 26 COMPLETE. Twenty-six weeks running. The thesis delivers again. CRUDE OIL RECAP: Monday opened $74.82 (deal live, Hormuz open, geopolitical premium intact). Tuesday techn...

26 Jun 2min

Crude Breaks $70

Crude Breaks $70

Thursday, June 25, 2026. CRUDE OIL UPDATE: WTI trading $69.20-$69.36 (down 1.4-1.7% from prior close ~$70.34). Daily range ~$69.01-$70.23. August 2026 contract ~$69.66. Recent performance down ~26% pa...

25 Jun 2min

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