Crude Oil & Heat and Gas Cracks 9-20-17
Market Snap Shot: 9-20-17
NOV Heat Crack: Continues to flag sideways
leaving FLAT Bias in place.
↑2482 favors Mild Bull swing.
↓2360 favors Mild Bear drive.
NOV Gas Crack: Flagging congestion rides
along 20-Day MA. FLAT Bias
ahead of DOE report. ↓1690
Mild Bearish.↑1799 Mild Bull
NOV Heat/Gas Spread: Buyers struggle to reclaim 100
Day moving average.Mild Bear
Bias in place.↓-1715 reinforces
Bears. ↑-1400 flips to Bulls.
NOV Crude Oil: Near term trend remains up but
running into Resis against 200
Day MA. Mild Bull Bias. ↑5115
Bullish.↓4925 flips to Mild Bear