Don't miss Tuesdays FREE Trading Webinar
Monday Consensus EPS One year ago actual
Anadarko Petroleum (APC) $0.880 $0.850
Superior Energy Services (SPN) $0.480 $0.830
Tuesday
Enbridge Energy Partners (EEP) $0.220 $0.230
Ensco (ESV) $1.50 $1.41
Holly Energy Partners (HEP) $0.300 $0.320
National Oilwell Varco (NOV) $1.33 $1.46
Occidental Pete Corp (OXY) $1.63 $1.64
Wednesday
Atwood Oceanics (ATW) $1.34 $0.790
Hercules Offshore Inc (HERO) $0.060 $0.12
Hess Corp (HES) $1.39 $1.72
Murphy Oil Corp. (MUR) $1.54 $1.52
Phillips 66 (PSX) $1.94 $2.23
Pioneer Natural Resources (PXD) $1.10 $0.780
Suncor Energy (SU) $0.630 $0.810
Thursday
Apache Corp (APA) $2.01 $2.07
Chesapeake Energy (CHK) $0.400 $0.060
ConocoPhillips (COP) $1.28 $1.22
CVR Energy Inc (CVI) $1.62 $2.52
Enbridge Inc (ENB) $0.380 $0.360
Eni Spa (E) $0.450 $0.970
Exxon Mobil Corp (XOM) $1.90 $1.80
Kodiak Oil & Gas (KOG) $0.140 $0.100
Southwestern Energy (SWN) $0.510 $0.260
Tesoro Corp (TSO) $1.46 $2.87
Walter Energy (WLT) $0.48 $0.430
Friday
Ultra Petroleum Corp. (UPL) $0.410 $0.360
Get our FREE Trading Webinars Today!
Sunday, July 28, 2013
Saturday, July 27, 2013
Have the crude oil bears taken the clear advantage?
Our next FREE Trading Webinar is Tuesday, sign up now!
The September S&P 500 closed lower due to profit taking on Friday. The high range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short term top might be in or is near. Closes below the 20 day moving average crossing at 1657.12 would confirm that a short term top has been posted. If September extends the rally off June's low, upside targets will now be hard to project with the next trading into uncharted territory. First resistance is Tuesday's high crossing at 1695.50. Second resistance is unknown with September trading into uncharted territory. First support is the reaction low crossing at 1666.00. Second support is the 20 day moving average crossing at 1657.12.
Start trading with our free "Trend Jumper" software
August gold closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term. If August extend the rally off June's low, the reaction high crossing at 1394.00 is the next upside target. Closes below the 20 day moving average crossing at 1277.50 would confirm that a short term top has been posted. First resistance is Wednesday's high crossing at 1348.70. Second resistance is the reaction high crossing at 1394.00. First support is the 20 day moving average crossing at 1277.50. Second support is June's low crossing at 1179.40.
The "Trading Edge" report...free in your inbox today!
August Henry natural gas closed lower on Friday as it extends this week's decline. The low range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near term. If August extends this week's decline, the reaction low crossing at 3.546 is the next downside target. If August renews the rally, the reaction high crossing at 4.003 is the next upside target. First resistance is last Thursday's high crossing at 3.835. Second resistance is the reaction high crossing at 4.003. First support is the reaction low crossing at 3.546. Second support is January's low crossing at 3.365.
Get our FREE Trading Webinars Today!
Friday, July 26, 2013
Is this a buy signal in coffee? JO
This week let's take a look at the December Coffee futures chart.
We use the weekly MarketClub Trade Triangle to tell the trend when trading futures and the daily MarketClub Trade Triangle to time the trade. December Coffee is on a weekly green MarketClub Trade Triangle and a daily red MarketClub Trade Triangle which is just exactly the way we want the Triangles to line up for a buy setup.
If December Coffee trades higher from here and puts in a daily green MarketClub Trade Triangle that is the place to go long because the weekly and daily Trade Triangles will then both be pointing up. If a long trade does happen in Coffee, then the stop if wrong is if Coffee trades lower and puts in a red daily Trade Triangle.
This is a great way to trade because we are getting long with the trend and will catch all the big trending moves when they happen, while cutting our loses short if the trade doesn't move our way. If Coffee continues lower from here and puts in a red weekly Trade Triangle then the long trade is off, which is fine, as we are following what the market is telling us, and lower prices from here would cancel the current long trade setup.
Coffee is a Chart to Watch right now, because a big move higher from here could be about to happen.
Get a free trial of our Trade Triangle Technology we use for our entry and exit points
Get our FREE Trading Webinars Today!
Thursday, July 25, 2013
Bears taking charge....Crude oil bulls struggle to trade above 20 day moving average
September crude oil closed slightly higher on Thursday but remains below the 10 day moving average crossing at 106.43. The high range close sets the stage for a steady to higher opening when Friday's night session begins. Stochastics and the RSI have turned bearish signaling that sideways to lower prices are possible near term. Closes below the 20 day moving average crossing at 103.77 would confirm that a short term top has been posted. If September renews the rally off April's low, weekly resistance crossing at 109.45 is the next upside target. First resistance is last Friday's high crossing at 108.93. Second resistance is weekly resistance crossing at 109.45. First support is today's low crossing at 104.08. Second support is the 20 day moving average crossing at 103.77.
August Henry natural gas closed lower on Thursday and below the 20 day moving average crossing at 3.668 confirming that a short term top has been posted. The low range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI have turned bearish signaling that sideways to lower prices are possible near term. If August extends today's decline, the reaction low crossing at 3.546 is the next downside target. If August renews the rally, the reaction high crossing at 4.003 is the next upside target. First resistance is last Thursday's high crossing at 3.835. Second resistance is the reaction high crossing at 4.003. First support is the reaction low crossing at 3.546. Second support is January's low crossing at 3.365.
Get our FREE Trading Webinars Today!
EIA: By 2040 world energy consumption will rise by 56%
World energy consumption will rise 56 percent in the next three decades, driven by growth in the developing world, noted The Energy Information Administration (EIA) in its International Energy Outlook 2013 report Thursday. China and India’s rising prosperity is a major factor in the outlook for global energy demand, noted EIA Administrator Adam Sieminski in a press conference call.
“These two countries combined account for half the world’s total increase in energy use through 2040. This will have a profound effect on the development of world energy markets.” Energy demand will increase to 820 quadrillion British thermal units (Btu) in 2040, up from 524 quadrillion Btus. By 2040, China’s energy use will double the United States’, according to EIA estimates.
One quadrillion Btu is equal to 172 million barrels of crude oil.
Additionally, renewable energy and nuclear power are the fastest growing source of energy consumption with each increasing by 2.5 percent per year. But fossil fuels, including oil, natural gas and coal will continue to supply almost 80 percent of the world’s energy through 2040, noted Sieminski.
Natural gas is the fastest growing fossil fuel in EIA’s outlook, and will continue to dominate the landscape, increasing by 1.7 percent per year. Swelling supplies of tight gas, shale gas and coalbed methane support growth in projected worldwide gas use with non OECD Europe/Eurasia, Middle East and the United States accounting for the largest increases in natural gas production.
The explosion in supply from unconventional sources will underpin growth of natural gas demand, while high oil prices will encourage countries to focus on liquid fuels “when feasible”, the report stated.
The EIA’s July short term energy outlook projected benchmark Brent crude to average $105 a barrel in 2013 and $100 in 2014.The report projects that prices will increase long term with the world oil price reaching $106 a barrel in 2020 and $163 in 2040 in the Reference case.
With more than 10 years of journalism experience, Robin Dupre specializes in the offshore sector of the oil and gas industry. Email Robin at rdupre@rigzone.com.
Get our FREE Trading Webinars Today!
Wednesday, July 24, 2013
Statoil Reports 2013 Second Quarter Results STO
"Our financial results were impacted by lower prices for liquids and gas and weak trading results. However, we have maintained good cost control and delivered strong earnings, particularly from our international portfolio," says Lund.
In the quarter, Statoil ramped up several fields. The company continues to have a high activity level in projects on the Norwegian continental shelf, with major field developments ongoing such as Gudrun, Åsgard subsea compression and Valemon.
"The activity level on new field developments is high. We are executing our projects according to plan," says Lund.
Statoil continued its exploration progress with five discoveries in the quarter. The company has accessed attractive exploration acreage in Norway, Russia, Azerbaijan, Tanzania and Australia, further strengthening its position for profitable long term growth.
Second quarter results 2013
Statoil's net operating income was NOK 34.3 billion compared to NOK 62.0 billion in the second quarter of 2012. Adjusted earnings [5] were NOK 38.0 billion, compared to NOK 45.8 billion in the second quarter of 2012. Adjusted earnings after tax [5] were NOK 11.3 billion, compared to NOK 11.5 billion in the second quarter of 2012. Net income was NOK 4.3 billion compared to NOK 26.6 billion in the second quarter of 2012.
Key events since first quarter 2013:
Revitalising Statoil's legacy position on the Norwegian continental shelf (NCS) by progressing new projects as planned, including Gudrun, Åsgard subsea gas compression, Valemon and Aasta Hansteen. Two category- J rigs acquired by the licence partners of Gullfaks and Oseberg Area Unit to increase recovery and extend field life. Johan Castberg project postponed for review, due to updated project estimates and pending clarification in the fiscal framework.
Accessing attractive acreage in the Barents Sea, Brazil, Tanzania, Russia, Caspian and Australia. Oil discoveries announced offshore Newfoundland in Canada and in the Grane area in Norway. Important Johan Sverdrup appraisal completed, confirming the extent and characteristics of the reservoir.
Stepping up our activity in unconventional resources by assuming operatorship for all activities in the eastern part of our Eagle Ford asset in Texas. Statoil now has operational activities in all onshore assets in the US (Bakken, Marcellus and Eagle Ford).
Building offshore clusters by sanctioning the Julia and Heidelberg developments in the Gulf of Mexico.
Creating value from a superior gas position: The Shah Deniz consortium announced that it has selected the Trans Adriatic Pipeline (TAP) to deliver gas from the Shah Deniz Stage 2 project.
Get our FREE Trading Webinars Today!
Commodities Market Summary for Wednesday Evening
September crude oil closed lower due to profit taking on Wednesday and below the 10 day moving average crossing at 106.29 signaling that a short term top is in or is near. The low range close sets the stage for a steady to lower opening when Thursday's night session begins. Stochastics and the RSI are overbought but are turning bearish signaling that sideways to lower prices are possible near term. Closes below the 20 day moving average crossing at 103.25 are needed to confirm that a short term top has been posted. If September renews the rally off April's low, weekly resistance crossing at 109.45 is the next upside target. First resistance is last Friday's high crossing at 108.93. Second resistance is weekly resistance crossing at 109.45. First support is today's low crossing at 104.79. Second support is the 20 day moving average crossing at 103.25.
August Henry natural gas closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near term. Closes below the 20 day moving average crossing at 3.672 would confirm that a short term top has been posted. If August renews last Thursday's rally, the reaction high crossing at 4.003 is the next upside target. First resistance is last Thursday's high crossing at 3.835. Second resistance is the reaction high crossing at 4.003. First support is the 87% retracement level of this year's rally crossing at 3.508. Second support is January's low crossing at 3.365.
August gold closed lower due to profit taking on Wednesday consolidating some of the rally off June's low. The low range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term. If August extend the rally off June's low, the reaction high crossing at 1394.00 is the next upside target. Closes below the 20 day moving average crossing at 1266.60 would temper the near term friendly outlook. First resistance is today's high crossing at 1348.70. Second resistance is the reaction high crossing at 1394.00. First support is the 20 day moving average crossing at 1266.70. Second support is June's low crossing at 1179.40.
Get our FREE Trading Webinars Today!
EIA: Underground Natural Gas Working Storage Capacity
* Demonstrated maximum volume increased 1.8 percent to 4,265 billion cubic feet (Bcf)
* Design capacity increased 2.0 percent to 4,575 Bcf
Maximum demonstrated working gas volume is an operational measure of the highest level of working gas reported at each storage facility at any time over the previous five years, according to EIA's monthly survey of storage operators. Working gas is the volume of natural gas in an underground natural gas facility available to be withdrawn, not including base gas.
The maximum demonstrated working gas volume is a practical measure of full storage. Filling storage, which requires compressors to inject the gas into the storage facility, becomes more difficult and expensive as storage volume nears its maximum and pressures inside the facility increase.
That's why the demonstrated maximum is generally less than the design capacity, averaging 93% over the past two measurement periods (see Table 1), and why any given week's storage inventory is generally less than the demonstrated maximum. The maximum demonstrated volume provides guidance to operators and market analysts on the economics of filling the system.
Last October, for example, when working gas in storage reached a record-high of 3,930 Bcf, a simple calculation using the then current maximum demonstrated volume (4,188 Bcf) showed storage to be 94% full.
Read the entire EIA Report
Get our FREE Trading Webinars Today!
Tuesday, July 23, 2013
Tuesday's Trading Gives Crude Oil Bulls Some Hope
September crude oil closed higher [107.38] on Tuesday. The high range close sets the stage for a steady to higher opening when Wednesday's night session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term.
If September extends the rally off April's low, weekly resistance crossing at 109.45 is the next upside target. Closes below the 20 day moving average crossing at 102.75 would confirm that a short term top has been posted.
First resistance is last Friday's high crossing at 108.93. Second resistance is weekly resistance crossing at 109.45. First support is the 10 day moving average crossing at 106.33. Second support is the 20 day moving average crossing at 102.75.
Get our FREE Trading Webinars Today!
Monday, July 22, 2013
Free Replay of "How to use Fibonacci Analysis in your Trading" with Carolyn "The Fibonacci Queen" Boroden
In this Free webinar replay Carolyn Boroden and John Carter will discuss:
* How to identify Fibonacci support & resistance zones
* The simple way to manage your risk/reward using Fibonacci ratios
* The brain dead easy ways to set up your support & resistance zones
* How you can identify what markets to trade and when
* The secret to identifying high probability targets in stocks and ETFs
........ and much more
Simply fill out this simple registration form and you will be automatically registered for the webinar.
See you on Tuesday!
Ray @ The Crude Oil Trader
Register for Free Replay of "How to use Fibonacci Analysis in your Trading"
Subscribe to:
Posts (Atom)
