Energy Overview — TotalView™ of the Energy Markets
ALERT: SPR, IRAN, SPAIN – WHICH PULL WILL GET PUSHED?
| Contract | Month | Last | Change | BIAS | Comment |
| Crude Oil | May | 103.20 | .42 | Lower | Possible SPRrelease breaks key support. |
| Natural Gas | May | 2.153 | -.020 | Lower | New lows open path to sub-$2.00. |
| S&P 500 | June | 1404.75 | 6.25 | Neutral | Resisitnace making 1400 difficult to hold. |
Crude oil prices are staging a tepid recovery from the sharp fall yesterday, registering the lowest close since November 4th.
The market rejected $100 again so the assumption must necessarily be made that the mark represents a resistance…
Crude futures fell on Monday as concerns about the euro zone debt crisis fueled investor fears about demand. The falling euro benefited the dollar which also weighed on oil. Prices are a bit higher this morning despite a downgrade of Italian debt.… Read more
ALERT: MARKET PARTICIPANTS TAKE A BREATHER
| Contract | Month | Last | Change | BIAS | Comment |
| Crude Oil | September | 84.98 | -.40 | Lower | Poor Fundamentals should keep pressure on despite retracement rally. |
| RBOB – Gasoline | September | 2.9066 | .0029 | Lower | Overall pressure remains, despitecrack spread rally |
| Heating Oil | September | 2.8198 | -.0024 | Lower | Demand readings continue to swing sentiment. |
THE ENERGY OVERVIEW
DAILY TOTALVIEW
January 5, 2011
By: Michael Fitzpatrick – Editor-in-Chief Twitter: @EnergyO
[email protected] @KilduffReport
212-618-2107
ALERT: ADP reports private employment jumped 297k – triple forecasts.
Correlation with Friday’s BLS number has not been good, but data squares with recent improvement in weekly jobless claims.… Read more
THE ENERGY OVERVIEW
DAILY TOTALVIEW
January 4, 2011
Michael Fitzpatrick – Editor-in-Chief
Twitter: @EnergyO [email protected]
@KilduffReport 212-618-2107
PETROLEUM MARKETS
Hardly surprising that net length grew, as reported by the CFTC’s Commitments report; not with the dollar taking a beating and the recent cold.… Read more
THE ENERGY OVERVIEW
DAILY TOTALVIEW
January 3, 2011
Michael Fitzpatrick – Editor-in-Chief
212-618-2107
Email: [email protected]
Twitter: @EnergyO
| Early Ticker | Last | Change | Bias | Action Recommendation |
| CLG1 | 92.00 | 0.60 | Bullishshort-term | BULLISH – Weak conviction. Add moderately to existing length or near-dated call options |
| XBG1 | 2.4288 | 0.0178 | Bullishshort-term | BULLISH – Weak conviction. |