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Energy News and Commentary

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Thu, May 25th, 2023
Debt Ceiling Drives Markets Lower...again

Yesterday we gave the markets a Down bias and the indices didn't disappoint. What will the markets do today? Read on to learn more...

Crude Posts Moderate Gains as Weekly EIA Crude Inventories Unexpectedly Plunge

July WTI crude oil (CLN23 ) on Wednesday closed up +1.43 (+1.96%), and July RBOB gasoline (RBN23 ) closed up +6.00 (+2.34%). Crude oil and gasoline prices posted moderate gains, with crude climbing to...

CLN23 : 73.06 (-1.72%)
RBN23 : 2.5679 (-1.99%)
Nat-Gas Prices Climb on the Outlook for Hot U.S. Summer Temps

June Nymex natural gas (NGM23 ) on Wednesday closed up +0.077 (+3.32%). Jun nat-gas Wednesday rallied moderately as the outlook for hot summer weather is positive for the demand for nat-gas from electricity...

NGN23 : 2.515 (-1.99%)
The Momentum Speeds Up to Electrify Commercial Vehicles

American companies are increasingly looking to electrify their commercial vehicle fleets.

AMZN : 116.75 (+1.53%)
STLA : 15.74 (-3.14%)
F : 11.33 (-3.41%)
GM : 32.28 (-3.41%)
WMT : 147.63 (-0.46%)
FDX : 223.55 (-1.36%)
GOEV : 0.6158 (-4.04%)
Crude Prices Jump as Weekly EIA Crude Inventories Unexpectedly Plunge

July WTI crude oil (CLN23 ) this morning is up +1.35 (+1.85%), and July RBOB gasoline (RBN23 ) is up +4.86 (+1.91%). June Nymex natural gas (NGM23 ) is up +0.056 (+2.41%). Crude oil and gasoline prices...

CLN23 : 73.06 (-1.72%)
RBN23 : 2.5679 (-1.99%)
NGN23 : 2.515 (-1.99%)
Trade It or Fade It (Ep. 3) 5/23/2023

There's been a lot going on in commodity land over the past week. Bill Baruch and Oliver Sloup share what's caught their eye and where they see potential value.

Here’s Why Murphy Oil (MUR) Might Be Worth Speculating On

Although the hydrocarbon sector hasn’t been off to a great start, upstream player Murphy Oil could be interesting as a possible forward inflation trade.

MUR : 37.39 (+2.19%)
Biden’s New Gas Price Hike

Biden is on the verge of another gasoline price hike and this time there is not much he can do about it. Last time when the gasoline price became a political liability for him, he decided to change the...

Debt Ceiling Talks Drive Markets Lower

Yesterday the markets drifted Lower with no resolution on the Debt Ceiling. What will we see today?

Crude Posts Moderate Gains on Comments from Saudi Energy Minister

July WTI crude oil (CLN23 ) on Tuesday closed up +0.86 (+1.19%), and July RBOB gasoline (RBN23 ) closed up +2.11 (+0.83%). Crude oil and gasoline prices Tuesday settled moderately higher, with crude...

CLN23 : 73.06 (-1.72%)
RBN23 : 2.5679 (-1.99%)

Tweets @Barchart

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History in the making 👇 $NVDA https://t.co/eJe3xKPFhK
Barchart
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Do Triple Top Chart Patterns exist? (Doing a poll as there appears to be some debate from the earlier Gold tweet)
Barchart
@Barchart
Nvidia $NVDA is expected to derive 50-60% of its 2023 revenue from artificial intelligence according to research from JP Morgan. Here is a list showing the % of revenue other companies expect to earn this year from AI: https://t.co/2zbQ0y7dyq
Barchart
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Potential Triple Top for Gold? H/T: @Callum_Thomas https://t.co/06Cyi4QuSM
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Barchart
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Updated Nvidia $NVDA Trader's Cheat Sheet based on yesterday's closing price https://t.co/mnCQkWqY7c
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Treasury Bills maturing around the U.S. Treasury's "X" date are yielding more than 6% which is higher than some corporate bonds sold by junk-rated companies https://t.co/GzprhP5gHM
Barchart
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Food inflation proving sticky in the UK as the average cost of an English Breakfast is up an average of 22% year-over-year. In fact, every single item that makes up Bloomberg's Breakfast Index has increased since April 2022. https://t.co/pPdQYJqp5R
Barchart
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Expectations of a Federal Reserve June interest rate hike are increasing. Fed swaps are now pricing in a 40% chance of a 25bps hike in June. https://t.co/oAw2rwUUcC
Barchart
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Did you miss today's webinar "Barchart's Indispensable Tools for Trading the Futures Markets?" No worries as it's now available on our YouTube Channel 👇 Link: https://t.co/ALIauEbvMG https://t.co/ALkessSiUD
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Fed Governor Christopher Waller believes additional interest rate hikes are coming and won't support a pause right now https://t.co/Ny5iinaycM
Barchart
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The Treasury Yield Curve (10Y-3M) is a perfect 8/8 in forecasting recessions since 1968. Duke University Professor Campbell Harvey believed it was showing a false warning in January. He now believes it is real and only questions how deep the recession will be. https://t.co/rgWiTZ4aNj
Barchart
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A U.S. credit rating downgrade is being considered by Fitch Ratings https://t.co/MxZOb10QKv
Barchart
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7 Fear & Greed Indicators: * Market Momentum (Greed) * Stock Price Strength (Neutral) * Stock Price Breadth (Fear) * Put and Call Options (Extreme Greed) * Market Volatility (Neutral) * Safe Haven Demand (Greed) * Junk Bond Demand (Greed) https://t.co/qRmhZnyEa8 https://t.co/G0EZ5FBfky
Barchart
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Barchart
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Here is how much money you need to be among the Top 1% in the World's 10 Richest Countries: https://t.co/BWuQwM3qZA
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Barchart
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ETFs w/ most active options trading: $SPY - 9.076M $QQQ - 3.153M $IWM - 1.022M $XLI - 387k $HYG - 382k $KRE - 308k $TQQQ - 253k $EEM - 243k $UVXY - 243k $SLV - 234k $XLF - 203k $SQQQ - 197k $EWZ - 192k $TLT - 142k $ARKK - 124k $EFA - 123k $SOXL - 116k $GLD - 101k $XHB - 76k
Barchart
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Barchart
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Stocks w/ most active options trading: $TSLA - 2.178M $NVDA - 930k $AMZN - 837k $AAPL - 722k $NU - 422k $AMD - 396k $PLTR - 385k $BABA - 358k $NIO - 330k $NFLX - 315k $GOOGL - 295k $DIS - 285k $META - 283k $MSFT - 279k $PFE - 267k $ETRN - 226k What options did you trade?
Barchart
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% of Large Cap Stocks Above Their Moving Averages https://t.co/qoXV3Chkvo
Barchart
@Barchart
Stock Market Fear & Greed Index = 61 (Greed) https://t.co/EuG3dB1zK3
Barchart
@Barchart
Dividends from the world's largest 1,200 publicly traded companies hit a record $326.7 billion during the 1st quarter, a 12% increase YOY https://t.co/iTXZT7eLkK
Barchart
@Barchart
Central Banks bought 1,079 tonnes of gold bullion in 2022, the most ever since record keeping began in 1950. https://t.co/9uPBBZPFL0 https://t.co/GlOwh0NP7Y

Chart of the Day

N-Able Inc (NABL)

The Chart of the Day belongs to the software company N-Able (NABL) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature...
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