This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels
for Crude Oil futures, Gold futures, Euro currency and others.
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The U.S. Comex gold futures have declined 1.32 % this week compared to -0.21 % for the S&P 500 Index, -0.62 % for the Euro Stoxx 50 Index, and -3.42 %
for the crude oil futures.
Not exact matches
Oil futures are currently trading at $ 74.80 for Brent crude and around $ 68.69 for West Texas Intermediate (WTI), having been buoyed by OPEC and non-OPEC producers, including Russia, curbing oil producti
Oil futures are currently trading at $ 74.80
for Brent
crude and around $ 68.69
for West Texas Intermediate (WTI), having been buoyed by OPEC and non-OPEC producers, including Russia, curbing
oil producti
oil production.
Oil prices were steady on Thursday following a larger - than - expected increase in U.S.
crude inventories: U.S.
crude futures were higher by 0.04 percent at $ 67.96 per barrel and Brent
crude futures for July delivery were flat at $ 73.36.
Oh, and
crude oil futures have also hit new 13 - year lows as Iran marks its return to markets by dumping millions of barrels that have been stored, sanctions - bound,
for years.
U.S.
crude oil futures suddenly spiked more than 1 percent late Friday morning, erasing losses
for the week.
This means that current
oil prices are higher than prices
for crude deliveries in the
future.
U.S.
crude futures dipped below $ 28.50, while the international benchmark Brent fell as far as $ 27.79 a barrel after reports that Iran had offered sharp discounts to customers in Europe and Asia to find buyers
for millions of barrels of
oil in storage that it is now free to sell, after the lifting of most international sanctions on it at the weekend.
U.S.
crude oil futures for March delivery hit a high of $ 66.66 last week, their highest since Dec. 5, 2014.
The
Futures Now team discusses the
oil market as
crude is on - track
for its longest losing streak since February.
On the New York Mercantile Exchange,
oil futures for June delivery were up 37 cents to $ 114.30 a barrel, while in London, Brent
crude gained 22 cents to $ 126.11.
First, because the
crude oil prices we're talking about are
futures for delivery in 30 days, and don't reflect what refineries are paying
for their raw material today.
This month, Brent
crude oil futures climbed above $ 74 a barrel, reaching highs last seen in late 2014 — a welcome development
for oil producers.
Genscape, which tracks
oil inventories, reported a near 2.4 million - barrel build last week in Cushing, the Oklahoma delivery point
for U.S.
crude futures, a market source said.
(b) whether adequate supplies and reserves of natural gas,
crude oil and refined fuels will be available
for Alberta's present and
future needs, and
Using intraday and daily prices of the most active rolling
futures contracts
for the S&P 500 Index, gold and light
crude oil during 1987 through 2012, they find that: Keep Reading
NYMEX
crude oil futures have a ticker symbol of CL, give the buyer control of 1,000 barrels of
oil, and use the West Texas Intermediate (WTI) benchmark
for oil.
Meanwhile, London - traded Brent
crude futures, the benchmark
for oil prices outside the U.S., shed 10 cents to settle at $ 74.64 a barrel.
West Texas Intermediate
crude oil futures have surged to a one - month high on expectations
for the first decline in weekly U.S.
crude supplies in nearly three months as well as news that a key pipeline will begin service at the start of the year, relieving the glut of
oil in the middle part of the...
Crude -
oil futures fell sharply in London trade Monday as the euro - zone bailout
for Cyprus» embattled financial sector sent shivers through the market and pushed the dollar higher.
While it's perfectly true that there isn't enough U.S. shale to flood the world with
oil, a lot of what there is is historically cheap to produce so as to give
crude from the Middle East a real run
for its money; and a solid proportion of that production has been sold forward at attractive levels in the
futures market ensuring financial stability
for U.S. producers.
Last but not least, below is a chart showing the COT situation
for US (West Texas Intermediate)
crude oil futures.
If you fall into the former category then in all candor your best play is probably to sell short
crude oil futures contracts as they offer the most direct play on a bearish scenario
for crude oil.
China finally launched last month its yuan - denominated
crude oil futures that have been in the works
for years, after several delays.
NYMEX
crude oil is the largest
oil futures contract in the world and has a current total open interest of around 1.6 million contracts and it would be impossible
for any group of speculators to sell or buy 53 days of world production in a year or longer, no less in a week as just occurred in COMEX silver.
While the official goal of the new
futures contract is to establish a regional benchmark
for more useful pricing of the
crude grades prevalent on the Chinese market, analysts see the yuan
oil futures as a step toward China seeking wider acceptance of its currency in global trade, including the
oil trade, and establishing a petro - yuan that could challenge, in the
future, the dominance of the petrodollar.
OPEC, especially its Middle Eastern producers, will be closely watching the
futures contract because once established, the Chinese reference
crude price could act as a regional benchmark
for negotiations of spot or term
crude oil prices.
Even though we may be perhaps two - thirds through the inventory destocking part of the down cycle, what does the longer - term
future hold
for steel and
crude oil prices?
The first week of 2016 was a challenging one
for many financial markets worldwide, as (1) It was the worst opening week of the year in history
for both the S&P 500 ® (SPX) and the Dow Jones Industrial Average, (2) The Shenzhen Composite Index of Chinese stocks fell 14.2 %, (3)
Crude oil futures (Feb..
Using «status quo» assumptions
for future increases in official national debt and
crude oil, and a collapsing Dow Jones Industrial Average, (similar to the collapse of 2008) I created the following graph of «calculated silver» prices
for the next several years.
Crude oil futures in the June contract settled last Friday in New York at 67.33 a barrel while currently trading at 68.35 up about a $ 1
for the trading week hitting a 3 1/2 year high & in yesterdays trade prices went up as high as 69.55 before profit - taking ensued.
First let's define some data, when I say
Oil I am referring to the WTI
Crude Futures, Continuous Contract # 1 and
for the U.S.D. I am using the Trade Weighted U.S. Dollar index (https://research.stlouisfed.org/fred2/series/DTWEXM).
ENERGY: Benchmark U.S.
crude oil futures added 28 cents to $ 45.11 in electronic trading in the New York Mercantile Exchange while Brent
crude, the benchmark
for international
oil prices, fell 6 cents to $ 47.20 a barrel in London.
Tests conducted last week of a novel technology that can greatly accelerate the combustion of
crude oil floating on water demonstrated its potential to become an effective tool
for minimizing the environmental impact of
future oil spills.
As investors have become more knowledgeable about the markets and the influences on asset classes, the
futures markets have become a guide
for investors on the likely direction of commodities, stocks and indexes on a given day, with
crude oil futures, gold
futures and the the Dow Jones reflecting investor sentiment towards the respective instruments and the direction based on the flow of information that influences supply and demand dynamics.
You will need to take into account unpredictable price fluctuations in the last trading day of
crude oil futures, or natural gas
futures,
for example.
TORONTO — The Canadian dollar traded below 69 cents US early Friday
for the first time since 2003 as
crude oil futures dropped below US$ 30 a barrel and overseas stock markets fell sharply.
The contract grade
for delivery on
futures contracts made under these rules shall be
Crude Soybean
Oil which conforms to the following specifications:
This section provides outlook
for different
futures and commodities market news, and support and resistance levels
for currencies, gold
futures trading,
crude oil futures, etc..
For the past few years and counting, crude oil futures have gained increasing popularity and attention from individual traders for a number of good reaso
For the past few years and counting,
crude oil futures have gained increasing popularity and attention from individual traders
for a number of good reaso
for a number of good reasons.
For example: 5,000 bushels of corn, 1,000 barrels of
crude oil or Treasury bonds with a face value of $ 100,000 are all contract sizes as defined in the
futures contract specification.
If WTI
crude oil is trading on the spot market
for $ 60 and the
futures contract expiring two years hence is trading at $ 50, an arbitrage opportunity could exist where one sells the $ 60 spot amount and goes long the $ 50 two - year forward price.
For investors seeking exposure to
crude oil but looking to avoid investing in
futures contracts, the stocks of
oil producing companies may present an interesting opportunity to establish indirect exposure.
The underlying asset in this case is the
crude oil futures contract
for the current front - month.
The Floating Price
for each contract month will be equal to the Light Sweet
Crude Oil Futures contract final settlement price
for the corresponding contract month on the last trading day
for the E-mini
Crude Oil Futures contract month.
Trading halts and price limits
for this contract are subject to the provisions governing Special Price Fluctuation Limits
for NYMEX Light Sweet
Crude Oil Futures contract set forth in Chapter 200.
United States
Oil Fund (USO), for instance, tries to track the spot price of light, sweet crude oil by buying oil - futures contrac
Oil Fund (USO),
for instance, tries to track the spot price of light, sweet
crude oil by buying oil - futures contrac
oil by buying
oil - futures contrac
oil -
futures contracts.
See on the daily bar chart
for August Nymex
crude oil futures that prices have sold off sharply recently, and then paused late this week on some short covering.
The 12 - month Bloomberg Nymex
Crude Oil Strip 12 - Month Strip
Futures Price Index finished the quarter at $ 50.46 — down marginally from Q2, but still above $ 50
for the second consecutive quarter.