Explore Special Offers & White Papers from ADMIS

Mixed Energies

CRUDE OIL

Like many other markets the crude oil market appears to be locked in a trading range because of a lack of clarity on the vaccine front. However, the market should be supported by another large decline in crude stocks with the API decline of 4 million barrels last night possibly signaling a 3 week decline in EIA crude oil inventories late this morning of 22 million barrels.

NATURAL GAS

The capacity to remain within the past week’s consolidation range is a moral victory for the bull camp as a number of fundamentals like moderating US temperatures, rising US/Chinese tensions and reports that Permian basin gas rigs are likely to come back on-line all failed to pressure prices. However, the charts in natural gas this morning favor the bear camp with a trade below yesterday’s low early and a drift toward the consolidation low of $2.118.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from ADMIS

Get Started