Montenaro

Montenaro

Technical Analysis WTI Crude Oil Yearly Chart: WTI Crude trading range re-established itself between 15 – 30 JAN 21 w/ref: 30 JAN 20 marked X2 on chart. Trading range est 1 JAN 21 – 20 FEB 21 HIGHSIDE: 61.20 USD indicated w/red solid line w/ref: 03 JAN 20 marked X1 MIDDLE: 54 USD indicated w/white dashed line w/ref: 30 JAN 20 marked X2 LOWSIDE : 47 USD...

Montenaro Updated 

So looking at the past decade of 2010 - 2020 Natural Gas had its Highs in 2010, 2014 and 2018 and Lows in 2012, 2016 and 2020 indicating a 2 year cycle. During this time period NG had a trading range ranging from basically 1.50 on the Lowside to 6 USD on the Highside with the median being 3.75 USD. The price of NG seems to reach its highs in between the period of...

Montenaro

Why Natural Gas will go up! European utilities have delayed filling up their storage tanks, hoping to profit from lower gas prices in the summer quarter for winter heating season, which runs from October 15 - April 15 , the filling of storage tanks is vital during the summer months if utilities are to cope with peak demand in January and February. Russia is...

Montenaro

Expecting WTI Crude to trade at 75.50 USD/Barrel on the 20th day of this month.