Technicals: Week 21

Tuesday, May 19, 2026. CRUDE OIL TECHNICALS: WTI $102.35-$102.66, bullish momentum intact. RSI 51.27 (neutral, neither overbought nor oversold, room to run). MACD -0.08 (sell signal, mild bearish momentum but broader trend up). STOCHRSI 69 (Buy), Williams %R -35.78 (Buy), Ultimate Oscillator 59.29 (Buy). Overall: Strong Buy. Moving Averages: Most short-term (5/10/20-day) in Buy territory, 50-day mixed. Support: $97-$98 (former resistance, now support on dips), $95, $93.60 (short-term bearish threshold). Resistance: $104 (strong, recently tested), $104-$105 zone, $108-$110. Daily high projection $109.09. Pattern: Bullish momentum targeting $104+, profit-taking possible at resistance. Watch $100-$104 range. NATURAL GAS TECHNICALS: Henry Hub $3.02-$3.03, near seven-week high. Resistance: $3.024 (20-day Bollinger Band top), April highs near $3.25. Support: $2.888 (prior reactionary high, recent consolidation shelf), $2.680 (top of downward channel), $2.561 (April 14 low), $2.535 (20-day Bollinger Band bottom). Key pivot: $2.85-$2.88 shelf (recently reclaimed with volume on 4H/1H). Price broken above early-May consolidation but facing cooling demand forecasts. Failure to hold above $2.85-$2.90 could shift momentum bearish toward $2.60 zone. 2026 average forecasts: $3.50-$3.80-$5.00 range, strong support near $3.00 channel lower bound. Hotter U.S. weather boosting demand, offset by declining production and LNG maintenance. Crude bullish, gas consolidating near resistance, both watching geopolitical developments.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(217)

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

Thursday, July 2, 2026. GEOGRAPHIC SPOTLIGHT: BELARUS. PRODUCTION OVERVIEW: Belarus produced ~25,000 bbl/d early 2026 (well below historical avg 33,650 bbl/d since 1993). Production reached 30-year hi...

2 Jul 2min

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

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

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

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

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

EIA Inventory Report: Draws Continue

Wednesday, June 24, 2026. EIA CRUDE OIL INVENTORY REPORT RELEASED TODAY. Week ending June 19. Released June 24 at 10:30 AM ET. MOST RECENT DATA: EIA report released Jun 17 for week ending Jun 12: Comm...

24 Jun 2min