Will the Recovery Hold?
In June 2014, active month NYMEX crude oil was trading north of $107 per barrel. The price moved to lows of $42.03 by the middle of March 2015 - a decline of around 61%. The move lower began as a response to... more
Over the past three weeks, May crude oil has been trading within a 4714-to-5407 balance range. However, over the past five days, the daily ranges have been gradually shrinking, essentially getting squeezed into a triangle formation. Many times... more
Over the past four months, crude oil has declined about $50. However, during the past fourteen trading days, March crude oil had been rotating within a 4538-to-5078 balance range. On Friday, January 23, 2015, the market took out the 4538 fourteen... more
These two Microsoft Excel® spreadsheets present market data and forward curves of the Globex Crude Light Oil and ICE Brent Crude Oil contracts. The data includes the outrights, exchange-traded calendar spreads, and synthetic butterfly spreads for... more