Fundamental Analysis For Energy Market

Black gold markets continue their rally as economic data from the first and second biggest oil consumer's, the United States and China regarding the manufacturing sector which aroused anticipations in the markets that the worst of this global recession is over. With the manufacturing sector performing better now, this demand that oil demand would start increasing and this attracted investors to oil markets as they seek potential in profits. The contract gained $2.13 closing at $71.58 while recording a high of $72.20 per barrel.....Complete Story

Colorado State Slightly Lowers '09 Atlantic Hurricane Forecast

Colorado State University hurricane researchers Tuesday revised their 2009 Atlantic hurricane forecast slightly lower. The researchers now expect 10 named storms and four hurricanes in the Atlantic basin between June 1 and Nov. 30. Two of the hurricanes are expected to be major, with sustained winds of 111 miles per hour or greater. The research team had previously forecast 11 named storms and five hurricanes, two of them major. The long term average hurricane season sees 9.6 named storms, 5.9 hurricanes and 2.3 major hurricanes.....Complete Story

Oil Fluctuates as U.S. Incomes Drop, Existing Home Sales Gain

Crude oil fluctuated along with equities after reports showed that U.S. personal incomes dropped in June and the number of contracts to buy previously owned homes increased. Oil rebounded from the day’s lows after the National Association of Realtors said there was a 3.6 percent gain in the index of signed purchase agreements, or pending home resales. Oil slipped as much as 2 percent earlier today after the Commerce Department said that personal incomes tumbled 1.3 percent, the most in four years. Yesterday, futures rose $2.13, or 3.1 percent, to $71.58, the highest settlement since June 12.....Complete Story

How to Use Money Management Stops Effectively

New Video: Fibonacci Analysis of Gold and Crude Oil

You may have heard about Fibonacci, the man who discovered a set of numbers which have been found to have a major affect on the market. So who is this Fibonacci fellow and why are his findings so important in the market place?

The mathematical findings by this thirteenth century Italian man has yielded a useful tool which is used in technical analysis and by scientists in a large array of fields.

In our new short video, I will look at gold and also the crude oil market using MarketClub’s Fibonacci tool. I think you will be surprised and shocked at just how accurate and up to date this dead mathematician’s work is in today’s markets.



This is such an important video that we only want to leave it online for a short time. We urge you to take 4 minutes and learn the Fibonacci secret to the markets.

There is no need to register for this video and of course you can watch it with our compliments, but you must act today otherwise you risk missing out on this key element to the market.

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Oil Falls From Seven Week High on Concern Recent Gains Overdone

Crude oil fell from a seven week high on speculation that gains of 13 percent in the past three days weren’t supported by an improvement in demand. Crude stockpiles in the U.S., the world’s biggest energy consumer, probably increased for a second week, according to a Bloomberg News survey before tomorrow’s Energy Department report. Oil futures declined as equity indexes slipped in Europe, where the Stoxx 600 dropped 0.9 percent. “The actual situation in the oil market doesn’t justify levels about $70,” said Hannes Loacker.....Complete Story

Oil, Natural Gas Lower Heading Into Tuesday's Trading

Crude oil was lower due to profit taking overnight as it consolidates some of the rally off July's low. Stochastics and the RSI are diverging but are bullish signaling that sideways to higher prices are possible near term.

If September extends the rally, the reaction high crossing at 74.25 is the next upside target. Closes below the 20 day moving average crossing at 65.18 would confirm that a short term top has been posted.

Tuesday's daily pivot point, our line in the sand is 70.88. Our weekly pivot point is 67.31.

First resistance is Monday's high crossing at 72.20
Second resistance is the reaction high crossing at 74.25

First support is the 10 day moving average crossing at 67.81
Second support is the 20 day moving average crossing at 65.18

Futures Prices in your In box!

Natural gas was lower due to profit taking overnight as it consolidates some of Monday's rally. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near term. Closes above the reaction high crossing at 4.045 are needed to confirm that a low has been posted while opening the door for a larger degree rebound during the first half of August.

If September renews last week's decline, July's low crossing at 3.366 is the next downside target.

The natural gas pivot point for Tuesday is 3.92 with the weekly pivot point at 3.68.

First resistance is Monday's high crossing at 4.16
Second resistance is the reaction high crossing at 4.72

First support is the 10 day moving average crossing at 3.79
Second support is last Wednesday's low crossing at 3.46

Where is Oil Headed For Tuesday

CNBC's Sharon Epperson discusses they day's activity in the commodities markets, and looks ahead to where oil is likely headed tomorrow.

Crude Oil, Natural Gas Show Near Term Strength

Crude oil closed higher on Monday as it extends the rally off July's low. The high range close sets the stage for a steady to higher opening on Tuesday. Today's rally has turned stochastics and the RSI neutral to bullish signaling that sideways to higher prices are possible near term.

If September extends today's rally, the reaction high crossing at 74.25 is the next upside target. Closes below last Wednesday's low crossing at 62.70 would confirm that a short term top has been posted.

First resistance is today's high crossing at 72.20
Second resistance is the reaction high crossing at 74.25

First support is the 10 day moving average crossing at 67.30
Second support is the 20 day moving average crossing at 64.84

FREE trade school video "How Far Can the Dollar Fall"

Natural gas closed sharply higher on Monday as it extends last Thursday's rally. The high range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are turning neutral to bullish signaling that additional strength is possible near term.

If September extends the rally off July's low, June's high crossing at 4.716 is the next upside target.

First resistance is today's high crossing at 4.16
Second resistance is June's high crossing at 4.72

First support is last Wednesday's low crossing at 3.46
Second support is July's low crossing at 3.23

Our favorite Indicator for inflation....and it’s not gold.

Oil Climbs Above $72, Gasoline Jumps on Prospect of Demand Gain

Crude oil rose above $72 a barrel for the first time in a month and gasoline surged as increasing industrial activity bolstered optimism that fuel consumption will rebound. Oil gained as much as 3.9 percent after reports showed that U.S. manufacturing shrank at the slowest pace in 11 months and factory output in China advanced to the highest level in almost a year. The Standard & Poor’s 500 Index climbed above 1,000 for the first time since November, also bolstering optimism that raw material demand and prices will increase.....Complete Story

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Crude Oil Daily Technical Outlook from Oil N' Gold

Crude oil's rise from 62.70 extends further today and breaches 70 level. At this point, intraday bias remains on the upside as long as 68.79 minor support holds. Whole rise from 58.32 is expected to continue to key cluster level at 73.38 with 100% projection of 58.32 to 68.99 from 62.7 at 73.36. On the downside, below 68.79 will indicate that an intraday top is in place and bring consolidation. But break of 62.70 support is needed to indicate that rise from 58.32 has completed. Otherwise, short term outlook will remain bullish....Complete Story