energy signal

Crude Oil:

Front month crude oil is higher in ACCESS trade this morning reversing the weaker tone seen during the prior session. Trend indicators have moved from a bearish to a neutral price pattern. MACD has also issued a bullish signal but given the neutral bias of the market this signal should be viewed with caution.

TREND INDICATORS:

Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.

Simple Moving Average (25-Day): Recent activity this morning has seen prices trade below this moving average. However, even though prices are trading below the moving average, the moving average slope is up from the previous session. Should prices continue lower the moving average will eventually follow and then the down trend will be more clearly established. However, this strength in the moving average will need to be watched. As a result the 25-Day simple moving average has a weak bearish bias.

Simple Moving Average (50-Day): Recent activity this morning has seen prices cross above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias.

ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is falling, while the long term trend, based on a 50-Day moving average, is up. However, the weak ADX indicates that the current trend is deteriorating and may possibly reverse. Look for choppiness ahead.

MOMENTUM INDICATORS:
MACD: MACD has issued a bullish signal, as the signal line has crossed above the True MACD. With the current long term trend, based on a 50 day simple moving average, to the upside, this suggests that prices will continue to rise for a time.

RSI: The 14-Day RSI is in neutral territory. (RSI is at 51.32). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 51.32 the market is somewhat overbought. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of weakness from this indicator before getting too bearish here.

VOLATILITY INDICATORS:

Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices. Volatility also appears to be decreasing, as evidenced by a smaller distance between the upper and lower bands over the past few sessions.

RESISTANCE AND SUPPORT LEVELS:

99.29 - Highest High in last 50-Days
98.57 - 20-Day Simple Moving Average Plus 2 Standard Deviations
95.21 - 20-Day Simple Moving Average Plus 1 Standard Deviation
94.85 - Highest High in last 10-Days
92.39 - 25-Day Simple Moving Average
92.25 - High
91.94 - Last Price
91.42 - 3-Day Simple Moving Average
91.42 - 50-Day Simple Moving Average
91.01 - Low
90.48 - 10-Day Simple Moving Average
88.49 - 20-Day Simple Moving Average Minus 1 Standard Deviation
85.82 - Lowest Low in last 10-Days
85.13 - 20-Day Simple Moving Average Minus 2 Standard Deviations
83.85 - 100-Day Simple Moving Average
79.72 - Lowest Low in last 50-Days
75.06 - 200-Day Simple Moving Average

Heating Oil:

Heating Oil contracts are higher this morning reversing the weaker tone seen during the prior session. Trend indicators are showing the market in a neutral price pattern at present. MACD has also issued a bullish signal but given the neutral bias of the market this signal should be viewed with caution.

TREND INDICATORS:

Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.

Simple Moving Average (25-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 25-Day simple moving average has a strong bullish bias.

Simple Moving Average (50-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias.

ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is falling, while the long term trend, based on a 50-Day moving average, is up. However, the weak ADX indicates that the current trend is deteriorating and may possibly reverse. Look for choppiness ahead.

MOMENTUM INDICATORS:
MACD: MACD has issued a bullish signal, as the signal line has crossed above the True MACD. With the current long term trend, based on a 50 day simple moving average, to the upside, this suggests that prices will continue to rise for a time.

RSI: The 14-Day RSI is in neutral territory. (RSI is at 56.72). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 56.72 the market is somewhat overbought. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of weakness from this indicator before getting too bearish here.

VOLATILITY INDICATORS:

Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices. Despite this overbought condition the market may become more overbought before turning lower. As a result, the market will look for additional weakening in prices before turning bearish on this indicator.

RESISTANCE AND SUPPORT LEVELS:

2.7353 - 20-Day Simple Moving Average Plus 2 Standard Deviations
2.7272 - Highest High in last 50-Days
2.6686 - Highest High in last 10-Days
2.6614 - 20-Day Simple Moving Average Plus 1 Standard Deviation
2.6200 - High
2.6181 - Last Price
2.6080 - 3-Day Simple Moving Average
2.5979 - Low
2.5906 - 25-Day Simple Moving Average
2.5621 - 10-Day Simple Moving Average
2.5137 - 20-Day Simple Moving Average Minus 1 Standard Deviation
2.5103 - 50-Day Simple Moving Average
2.4450 - Lowest Low in last 10-Days
2.4398 - 20-Day Simple Moving Average Minus 2 Standard Deviations
2.3075 - 100-Day Simple Moving Average
2.1737 - Lowest Low in last 50-Days
2.1128 - 200-Day Simple Moving Average

RBOB Gasoline:

RBOB Gasoline contracts are higher this morning reversing the weaker tone seen during the prior session. Trend indicators have moved from a bearish to a neutral price pattern.

TREND INDICATORS:

Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.

Simple Moving Average (25-Day): Recent activity this morning has seen prices cross above this moving average. Furthermore the slope of the moving average is in an upward slope from the previous session indicating strength. As a result the 25-Day simple moving average has a strong bullish bias.

Simple Moving Average (50-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias.

ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is falling, while the long term trend, based on a 50-Day moving average, is up. However, the weak ADX indicates that the current trend is deteriorating and may possibly reverse. Look for choppiness ahead.

MOMENTUM INDICATORS:
MACD: The MACD is in bullish territory.

RSI: The 14-Day RSI is in neutral territory. (RSI is at 53.54). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 53.54 the market is somewhat overbought. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of weakness from this indicator before getting too bearish here.

VOLATILITY INDICATORS:

Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices. Volatility also appears to be decreasing, as evidenced by a smaller distance between the upper and lower bands over the past few sessions.

RESISTANCE AND SUPPORT LEVELS:

2.4844 - Highest High in last 50-Days
2.4830 - 20-Day Simple Moving Average Plus 2 Standard Deviations
2.4198 - Highest High in last 10-Days
2.4058 - 20-Day Simple Moving Average Plus 1 Standard Deviation
2.3560 - High
2.3560 - Last Price
2.3444 - 3-Day Simple Moving Average
2.3395 - 25-Day Simple Moving Average
2.3303 - Low
2.3149 - 10-Day Simple Moving Average
2.2994 - 50-Day Simple Moving Average
2.2515 - 20-Day Simple Moving Average Minus 1 Standard Deviation
2.1875 - Lowest Low in last 10-Days
2.1743 - 20-Day Simple Moving Average Minus 2 Standard Deviations
2.1664 - 200-Day Simple Moving Average
2.1528 - 100-Day Simple Moving Average
1.9850 - Lowest Low in last 50-Days

Natural Gas:

Natural Gas contracts are higher this morning extending the prior sessions gains. Trend indicators are indicating a bearish market. However the overall strength of the trend, as indicated by the ADX, is weak and should be watched as a result. Momentum readings are also bearish. However, the recent upturn in the difference between the MACD and the MACD signal line may indicate a short term rally over the next few days and should be watched.

TREND INDICATORS:

Simple Moving Average (10-Day): Recent activity this morning has seen prices trade below this moving average. Also, the slope of the moving average is in a downward slope from the previous session indicating further weakness. As a result the 10-Day simple moving average has a strong bearish bias.

Simple Moving Average (25-Day): Recent activity this morning has seen prices trade below this moving average. Also, the slope of the moving average is in a downward slope from the previous session indicating further weakness. As a result the 25-Day simple moving average has a strong bearish bias.

Simple Moving Average (50-Day): Recent activity this morning has seen prices trade below this moving average. However, even though prices are trading below the moving average, the moving average slope is up from the previous session. Should prices continue lower the moving average will eventually follow and then the down trend will be more clearly established. However, this strength in the moving average will need to be watched. As a result the 50-Day simple moving average has a weak bearish bias.

ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is falling, while the long term trend, based on a 50-Day moving average, is down. However, the weak ADX indicates that the current trend is deteriorating and may possibly reverse. Look for a choppiness ahead.

MOMENTUM INDICATORS:
MACD: The MACD is in bearish territory. However, the recent upturn in the difference between the MACD and the MACD signal line may indicate a short term rally over the next few days.

RSI: The 14-Day RSI is in neutral territory. (RSI is at 42.40). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 42.40 the market is somewhat oversold. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of strength from this indicator before getting too bullish here.

VOLATILITY INDICATORS:

Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating oversold prices. The market is oversold and appears to be gaining strength. Look for a potential bottom in this area.

RESISTANCE AND SUPPORT LEVELS:

8.712 - Highest High in last 50-Days
7.808 - 20-Day Simple Moving Average Plus 2 Standard Deviations
7.565 - 20-Day Simple Moving Average Plus 1 Standard Deviation
7.529 - Highest High in last 10-Days
7.495 - 50-Day Simple Moving Average
7.408 - 25-Day Simple Moving Average
7.151 - 10-Day Simple Moving Average
7.123 - 200-Day Simple Moving Average
7.079 - 20-Day Simple Moving Average Minus 1 Standard Deviation
7.061 - Last Price
7.061 - High
7.040 - 3-Day Simple Moving Average
7.035 - Low
6.914 - Lowest Low in last 10-Days
6.914 - 100-Day Simple Moving Average
6.836 - 20-Day Simple Moving Average Minus 2 Standard Deviations
6.640 - Lowest Low in last 50-Days

TradeSignals 2007.