EIA Inventory Report * Crude stocks fall 5.33 million barrels * Distillate stocks off 589,000 barrels * Gasoline stocks up 2.4 million barrels NEW YORK, Dec 22 (Reuters) – U.S. crude inventories fell more than expected last week while gasoline stocks rose, according to a weekly report from the Energy Information Administration on Wednesday. Domestic… read more
Tag Archives: Energy Stocks
EIA Energy Stocks 12/15/2010 – Futures Trading News
NEW YORK, Dec 15 (Reuters) – U.S. crude oil futures prices turned positive on Wednesday after government oil inventory data showed crude stocks fell much more than expected last week. U.S. crude oil stockpiles fell 9.85 million barrels last week, according to the Energy Information Administration, much more than the drop of 2.5 million barrels… read more
Swing Trading Strategies – “Action-Reaction” projects higher Crude oil into November 16th. [chart]
If you have read any of my books or are a frequent reader of my newsletter and blogs you have probably seen me talk about a 3-wave or 5-wave continuation pattern. When identified correctly, this can be used to project price the time , price and duration of a future price move. The pattern will… read more
Swing Trading – Five reports to watch this week.
Fed decision: In what will likely be an event covered in financial history books for decades to come, Fed Chief Ben Bernanke and his fellow committee members will announce the latest interest rate policy on Wednesday (2:15 p.m.). No one expects the rate to change from nearly zero, but nearly everyone expects a clear commitment… read more
EIA Energy Stocks – Futures and commodities News
NEW YORK, Oct 27 (Reuters) – U.S. crude oil futures prices pared losses on Wednesday after after a government oil inventory report showed a large drop in gasoline stockpiles last week, against a forecast for stocks to be up slightly. The U.S. Energy Information Administration’s report showed crude stocks rose 5.01 million barrels, more than… read more
Crude Oil Inventories / Futures Broker
NEW YORK, Sept 29 (Reuters) – U.S. crude oil inventories fell slightly more than expected last week on lower imports, a government report showed on Wednesday. Stocks of gasoline and distillates also dropped, against forecasts of builds, as refinery utilization slumped 2 percentage points to 85.8 percent, according to the report by the U.S. Energy… read more
EIA ENERGY STOCKS REPORT (6/30/2010) – Futures News
NEW YORK, June 30 (Reuters) – U.S. crude oil futures pared gains on Wednesday after a government report showed crude oil stocks fell last week more than analysts had forecast, but less than industry data had shown in a report on Tuesday. The U.S. Energy Information Administration said crude stocks fell 2.01 million barrels last… read more
Swing Trading Strategies – How the Reversal dates picked the high for the Dow Jones futures. [chart]
Last Thursday, the business channels were full of experts expressing shock as the market plunged. They acted surprised that the market could be trading lower in the midst of such a strong and prolonged upward trend. But, was it really a surprise and were there warning signs that preceded the unprecedented price collapse? I think… read more
Swing Trading Strategy for Dow Jones futures [chart]
June Dow Jones –The Dow futures plunged 994 points, to a low of 9840, before a short-covering rebound. The April 27th and May 3rd reversal dates identified the major highs that formed the bearish TR pattern in the Dow Jones futures that signaled the trend shift and triggered the sell. However, today’s wide range day… read more
Swing Trading Strategies for the Dow Jones Futures. [chart]
The Dow Jones futures posted a major reversal on the April 27th reversal swing day , projected several days in advance. The reversal occurred one day after the Dow Jones futures traded to a new 18 month high of 11206. After trading at the new high, the Dow Jones dropped to support before rebounding into the down-sloping reaction line… read more