During the past two months, December crude oil has been contained within a 44.45 to 50.88 range. About two weeks ago, the market came within ten ticks of the 50.88 balance high, but failed to take… more
Joseph Souhlakis
Since 2011, gold has been in a downtrend from the 19207 all-time high to the 10723 low made earlier this year. During this four-year trend, gold has had a series of consolidations, in the form of… more
Two weeks ago, I wrote an article about how natural gas was testing the low of a several-month balance of 2640 to 3013. Additionally, at that time natural gas had formed a relatively… more
Since May 2015, October natural gas has been rotating within a 2640-to-3013 balance bracket. During that time, the market has traded up near the top and down near the bottom of the range several… more
Over the last few months, September natural gas has been trading within a relatively wide 2600-to-2988 range. However, since late June 2015, the ranges in which the market has been rotating have… more
For the past six weeks, crude oil has come off from about $62 down to about $47. However, over the past seven days, the September contract found a rotational range from 47.06 to 49.63. On Friday,… more
For over a year now, gold futures have been contained within an 11304-to-13078 balance bracket. Since January 2015, gold has been contained within an even tighter 11416-to-12320 range.… more
For the last two weeks, August crude oil found a relatively tight, 5919-to-6163 rotational trading range. During that time, the market tested the range's extremes several times on each end.… more
In the summer of 2014, Crude began a seven-month, over $50 decline to about $42. However over the past four months, it has slowly traded back above $60, settling near that price on Friday, June 12… more
Over the past ten weeks, the spot RBOB crack spread has come into balance, having a similar weekly range over that span. The 2217-to-2769 balance bracket is in a relatively tight range for a ten-… more