Natural Gas Exchange Rate

Thursday saw the WTI Crude Oil market fall significantly, but turned around and form a hammer. Natural gas markets fell initially during the day on Thursday, but found enough support at the $2.85 level to turn around and rally.

The WTI Crude Oil market fell significantly during the day on Wednesday, breaking down below the bottom of the hammer from the previous session.

The WTI Crude Oil market initially fell on Tuesday again, but found enough support underneath the $47 level to turn around and form a hammer.

The WTI Crude Oil market initially tried to rally during the session on Monday, but fell rather precipitously, breaking through the bottom of a hammer from the Friday session.

The WTI Crude Oil market initially fell during the day on Friday, but turned around to form a hammer.

The WTI Crude Oil market initially tried to rally during the day, but found enough resistance above the $50 level on Thursday to turn around and fall significantly. Natural gas markets exploded to the upside during the day on Thursday, closing just a bit below the vinyl $3 level.

The WTI Crude Oil market went back and forth during the day on Wednesday again as we continue to hover just below the $50 level. Natural gas markets had a very bullish session on Wednesday, slicing through the $2.85 level.

The WTI Crude Oil market continues to show a significant amount of volatility, as we went back and forth during the Tuesday session. The natural gas markets had a back and forth session on Tuesday, as I see support underneath at the $2.75 level.

The WTI Crude Oil market fell during most of the session on Monday, but did bounce a bit from the $48.40 region. Natural gas markets rallied after gapping lower during the day on Monday, as the hammer from the Friday session has been broken to the upside.

The WTI market initially sold off during the day on Friday, but then turned around to show signs of strength after the stronger than anticipated job announcement coming out of the United States suggesting that perhaps demand will pick up. Natural gas markets initially fell during the day on Friday, testing the $2.75 level.

The WTI Crude Oil market initially tried to rally during the day on Thursday, but as we approached the psychologically important $50 level, the market broke down significantly.

The WTI Crude Oil market rallied a bit during the day on Wednesday as the inventory number was a bit mixed.

The WTI Crude Oil market broke down significantly during the day on Tuesday, as the $50 level offered quite a bit of resistance. Natural gas markets fell to the $2.75 level, which is very supportive on the longer-term charts.

The WTI Crude Oil market gapped higher on Monday, but then fell towards the $49 level. Natural gas markets gapped lower at the open on Monday, and then sliced through the $2.85 level.

The WTI Crude Oil market fell slightly during the day on Friday, but turned around to show signs of support. The natural gas markets initially tried to rally during the day, but then turned around to form and exhaustive candle.

The WTI Crude Oil market initially fell on Thursday just as it did on Wednesday, but then turned around to find buyers. Natural gas markets rallied during the day on Thursday, reaching the 50-day exponential moving average.

The WTI Crude Oil market initially fell during the session on Wednesday, but found plenty of support underneath as the US dollar cratered. Natural gas markets had a very choppy and volatile session, and I think that longer-term we are going to continue to see sellers.

The WTI Crude Oil market rallied during the day on Tuesday, slicing through the $47 level. Natural gas markets rallied during the day as well, as we continue to see back and 4 types of moves.

The WTI Crude Oil market rallied during the day on Monday, showing signs of resiliency again after the Saudi Arabian ministers suggested that they are willing to cut production even further.

The WTI Crude Oil market initially tried to rally during the day on Friday but found enough resistance at the $47 level. Natural gas markets slicing through the $3.00 level during the day suggests to me that we are ready to go back towards the bottom of the recent consolidation which I see as the $2.85 level.