Market Profile

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 it out. Since that day, the market has gone lower... more

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 triangle formations, followed by downside... 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 tight five-day balance of 2642 to 2735 at the bottom... 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. However, on Friday, June 26, 2015, crude oil gapped open... more

From the middle of March until the end of April, June natural gas held a steady decline from about 290.0 down to below 250.0. However, over the last ten days, much of that decline has been retraced. Most of the retracement occurred on Thursday,... more

Over the past month, June gold has been trading within a 11822-to-12245 balance range. However, over the past two weeks, the daily ranges have been getting pinched smaller and smaller, forming a triangle formation. The relatively tight range on... 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

During the last few weeks, the April/May RBOB calendar spread has formed a rotational range of -78 to +99. However, over the past seven trading days, the trading range has shrunk to 0 to +55. A 55-tick range for the spot RBOB spread is very... more

Over the past three weeks, April crude oil found a rotational balance range of 4867-to-5505, traveling from the bottom to the top and back to the bottom of that range a few times. However, three times in the last three days, the market traded... more

For eight straight trading days, March natural gas has been contained within a 2665-to-2896 rotational balance range. On Friday, February 20, 2015, the market gapped open higher, above the 2896 eight-day balance high. Although Friday had a... more