Energy Commodities Market Overview - May 3, 2012
Energy markets were mixed on Wednesday after the EIA report on the US stockpiles. Moreover, easing tensions between Iran and the West removed supply-risk premium for crude and Brent oil.
Energy Commodities Market Overview - May 2, 2012
Energy commodities were mixed amid inspiring manufacturing data from the US and China and increasing US oil stockpiles.
Energy Commodities Market Overview - April 18, 2012
Energy commodities attempted to equilibrate waning supply risk premium and improving demand prospects.
Energy Commodities Market Overview - April 17, 2012
Energy commodities were mixed on Monday with rising natural gas and crude oil and falling Brent and heating oil. Crude and Brent oil came under pressure as talks between Iran and six main economies are expected to bring positive results.
NATURAL GAS (#NG) Buy Long Above 3.040 December/21/ 2011 (Weekly Strategy)

NATURAL GAS
Natural gas futures is trading at $ 3,107 per million British thermal units during the American session, trading at a very small range, we have a very strong support. 3.040( weekly support), we believe the pair may reach this level and then take upward force.
If you notice on the chart, natural gas has left a gap in its opening last week of December 12. is likely to have to close that gap before continuing its downward trend. Our goal for this exercise we will place short-term resistance in the second round of 3,383 weekly.
On the other hand, the Momentum indicator and range are showing oversold, signaling a possible rebound.
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