Energy Roundup


DAILY 10476 10600 10703 10760 10915 DOWN
WEEKLY 9975 10476 11123 11347 11795 CONGEST


Daily Moving Averages: 21, 55, & 100: 109.84, 110.49, 111.04

Weekly Moving Averages: 21, 55, & 100: 110.82, 111.44, 111.46

We maintained our negativity for January moving into Thursday. 

  • The ECB’s disappointing outlook for the health of the European economy has placed ample weight that the bulls will need to lift.
  • In the picture below, the labeled chart shows an ABC configuration. Note that C is not yet complete, and in order to be considered complete, it should drop to 104.75 at least.
  • There is minor resistance at 107.60 to 107.80.
  • The minor upside pivot is 108.00.
  • We expect Jan to move below the Thursday low and see the minor downside pivot at 106.00.
  • Below that level, however, Jan will test the key downside pivot at 104.75.
  • A daily settle below 104.75 is extremely bearish.


Brent / Stanton Analytics

Brent Weekly

Brent Weekly / Stanton Analytics



DAILY -2200 -2125 -2077 -2030 -1900 UP
WEEKLY –2550 -2350 –2232 –2025 -1620 UP


Daily Moving Averages: 21, 55, & 100: -21.65, -22.21, -22.37

Weekly Moving Averages: 55, 100, & 200: -19.82, -21.64, –17.90

We have to say that we have been surprised by the strength of this ascent. Our view for Thursday was that Jan was getting close to a peak for this pattern.

  • As once can see on the chart below, there is a 5 wave move labeled to the upside. Although we feel this pattern is drawing close to its completion, there is likely a marginal move higher before a turn ensues.
  • This puts the target at -20.30 to -20.00.
  • We are a seller of the rally at -20.30 with a stop over -20.00.
  • The minor downside pivot that confirms a peak to the pattern is -21.25.
  • Breaking below this level will give a quick drop to -22.00.
  • The key downside pivot to this pattern is -22.50.
  • The key upside pivot is -19.00.



WTI-Brent / Stanton Analytics

WTI-Brent Weekly

WTI-Brent Weekly / Stanton Analytics


DAILY 25375 25525 25970 26235 26600 DOWN
WEEKLY 24440 26475 27614 28865 29890 DOWN
Daily Moving Averages: 21, 55, & 100:2.7048, 2.7791, 2.8700

Weekly Moving Averages: 21, 55, & 100: 2.8951, 2.9005, 2.8834

We have been manifestly bearish on this market since Jan hit the 2.80 level on expiration.

There is a 3 legged correction picture on the chart below, follow by an intermediate rally. Jan is now in the process of another ABC leg to the downside.
The prime reason for weakness lately is the huge build in the DOE inventories reported Wednesday. These ample supplies, combined with a 3.4% decline in US demand, has spooked the manic funds that were holding 28% of the open interest.
We are a seller of the rally.
There is minor resistance at 2.62 to 2.6250.
The minor upside pivot is 2.6340.
Our model calls for Jan to move below the Thursday low for a probable test of 2.55.
The key downside pivot on the continuation chart is a daily settle below 2.5375.
In this event, Jan is likely to fall to 2.45 to 2.44.
The key upside pivot on the intraday chart is 2.66.


Mogas / Stanton Analytics


Mogas Weekly / Stanton Analytics



DAILY 2360 2385 2409 2425 2445 CONGEST LOWER
WEEKLY 2210 2350 2408 2472 2572 CONGEST
Daily Moving Averages: 21, 55, & 100: 2.387, 2.374, 2.458

Weekly Moving Averages: 21, 55, & 100: 2.468, 2.311, 2.451

We were looking for Jan to ease from the 2.445 level to see 2.40.

Jan appears to have marginally lower prices to come, and a drop to 2.39 to 2.385 is probable.
The downside pivot is 2.375.
There is key ratio support at 2.36.
The hourly chart has a series of lower highs and lower lows developing. However, it does not appear that these will develop into an impulse move lower. It is more likely that Jan congests lower on Friday.
There is minor resistance at 2.42 to 2.425.
The minor upside pivot is 2.43.
The key upside pivot is 2.45.


Ethanol / Stanton Analytics


Ethanol Weekly / Stanton Analytics


DAILY 28885 29115 29430 29615 30300 DOWN
WEEKLY 27990 29345 30413 31330 32545 PEAK
Daily Moving Averages: 21, 55, & 100: 3.0157, 3.0780, 3.0637

Weekly Moving Averages: 21, 55, & 100: 3.0605, 3.0186, 2.9941

Our forecast for Thursday was for lower prices to develop.

We noted that a bounce off 2.98 seen on Wednesday would likely be sold into.
With the news out of the ECB, Jan ignored the violence in the Middle East, to plunge through the downside pivot at 2.9740.
It then fell to the key downside pivot at 2.9340. Although a bounce off of that important support level may be seen, we remain in a sell the rally mode.
There is initial resistance at 2.96 to 2.9650.
The minor upside pivot is 2.9750.
The key upside pivot on the intraday chart is 3.0060.
We would like to sell at 2.9650 with a stop over 2.9750.
Jan has initial support at 2.9150 to 2.91 if an intraday break of 2.9340 is seen.
However, a daily settle below 2.9340 will be manifestly bearish for the continuation chart, and will target 2.89 to 2.8850 as initial support.


Heat / Stanton Analytics

Heat Weekly

Heat Weekly / Stanton Analytics



DAILY 3505 3595 3647 3725 3815 DOWN
WEEKLY 2920 3355 3561 3990 4500 DOWN
Daily Moving Averages: 21, 55, & 100:3.706, 3.538, 3.243

Weekly Moving Averages: 21, 55, & 100: 3.190, 2.838, 3.419

Our outlook for Thursday was that Jan would move higher.

In the chart below, we have our model labeled; the 4 with the question mark relates to whether or not the corrective pattern that would retrace wave 3 is complete.
It appears that the move to 3.75 on Thursday completed an impulse move to the upside.
The rejection from 3.75 means there is likely more downside to come.
Nevertheless, in keeping with the model that labels 3.50 as wave 4, we expect the key pivot at 3.50 to hold.
However, initial support is at 3.60 to 3.59.
The minor downside pivot is 3.585.
We are a cautious buyer of the dip at 3.60 with a stop under 3.58.
Jan needs to get above 3.68 to demonstrate sufficient strength for another run to the 3.75 area.
On an intraday chart, 3.74 is the key upside pivot.
However, the daily chart needs to break above 3.81 to show renewed strength.
This market will bounce to and fro due to different weather models being employed. The European model used by most tends to be a lagging indicator. There are other models that show cold moving in more rapidly than its counterpart. This is the reason we are cautiously bullish.


Natgas / Stanton Analytics

View photo


Natgas Weekly / Stanton Analytics


View Comments (0)

Recommended for You

  • Tycoon buys 30 Rolls-Royces for Macau hotel

    A Hong Kong tycoon has placed the biggest ever order for Rolls-Royce cars, agreeing to buy 30 Phantoms to chauffeur guests at a luxury resort he's building in the global gambling capital of Macau. Stephen Hung's $20 million purchase surpasses the 14 Phantoms bought by Hong Kong's Peninsula Hotel in…

    Associated Press
  • Norwich Information Security MS

    Online, accredited, top ranked. NSA Center of Academic Excellence. Recognized by the Department of Homeland Security. Download your free brochure!

    AdChoicesNorwich UniversitySponsored
  • Tycoon's arrest sends shock wave through Russia

    Tycoon's arrest sends shock wave through Russia MOSCOW (AP) — The arrest of a Russian telecoms and oil tycoon has sent shock waves through the country's business community, with some fearing a return to the dark days of a decade ago, when the Kremlin asserted its power by imprisoning the country's…

    Associated Press
  • Before You Buy Alibaba, Check Out 4 Top China Stocks

    Before You Buy Alibaba, Check Out 4 Top China Stocks While investors gear up for Alibaba Group 's (BABA) hotly anticipated initial public offering, don't forget about other Chinese stocks that are worth keeping an eye on. Today's Young Guns Screen of

    Investor's Business Daily
  • Play

    Citi, Bank of America Offer Discounted Mortgages

    Citigroup and Bank of America will offer mortgages at discounted interest rates to help borrowers with low incomes or subprime credit. AnnaMaria Andriotis joins MoneyBeat. Photo: Getty.

    WSJ Live
  • Costco Stores in Canada to Stop Taking American Express

    “The credit card relationship between American Express and Costco Wholesale Canada will not be renewed when it expires” on Dec. 31, the company said today in an e-mail to Canadian customers. The message was attributed to Lorelle Gilpin, vice president of marketing and membership for Costco…

  • "The Retiree Next Door": How successful retirees stretch their savings

    "The Retiree Next Door": How successful retirees stretch their savingsBy the time she hit her late 40s, Toni Eugenia wasn’t sure she would ever be able to retire. Eugenia, 56, a pharmacy technician who lived in Houston, was nearly $200,000 in debt and

    Yahoo Finance
  • As Fed takes baby steps, Cramer's trick for profit

    In turn, Cramer says making money in the market, involves looking at the environment through the lens of the Fed. "The trick is to remember that they speak for the common person," Cramer said. "The Fed wants the common person to make money." With that backdrop always in mind, Cramer says it becomes…

  • Master's Degree in Nursing

    CCNE accredited MS in nursing in as few as 18 months online. Learn more today!

    AdChoicesNorwich UniversitySponsored
  • CNBC Anchor Calls Out Fed-Hater Bill Fleckenstein In Startling Shouting Match

    CNBC Bill Fleckenstein of Fleckenstein Capital appeared on CNBC's Futures Now program on Tuesday. Futures Now host Jackie DeAngelis came out swinging, asking Fleckenstein right at the top if he was willing to admit that he had misunderstood monetary policy. Sounding taken aback, Fleckenstein…

    Business Insider
  • Beanie Babies creator's sentence debated in court

    Beanie Babies creator's sentence debated in court CHICAGO (AP) — Federal prosecutors seeking to put the billionaire creator of Beanie Babies in prison for hiding millions in Swiss bank accounts told appellate court judges Wednesday that the toymaker's sentence of probation threatens to erode the…

    Associated Press
  • Apple to unveil new iPads, operating system on Oct. 21 : report

    The company plans to unveil the sixth generation of its iPad and the third edition of the iPad mini, as well as its operating system OS X Yosemite, which has undergone a complete visual overhaul, the Internet news website said. Trudy Muller, a spokeswoman for Apple, declined to comment. The iPad is…

  • Here's What Mark Cuban Wishes He Knew About Money In His 20s

    Cuban is the owner of the Dallas Mavericks basketball team. Billionaire investor and entrepreneur Mark Cuban is generous with his advice. When we asked him what he wishes he'd known about money in his 20s, he said:

    Business Insider
  • Gilead Stock Is Falling On These Drug Setbacks

    Gilead Stock Is Falling On These Drug Setbacks Gilead Sciences (GILD) shares are backsliding Wednesday on news that the patient drop-out rate for hepatitis C drug Sovaldi is quadruple that of clinical trials. In addition, the biotech's Phase 2 study results

    Investor's Business Daily
  • Margaritaville casino owners seek bankruptcy

    The owner of Biloxi's Margaritaville casino has filed for Chapter 11 bankruptcy protection Tuesday, only hours before a hearing where the landlord aimed to seize the property. The filing by MVB Holding LLC in U.S. Don Dornan, a lawyer for landlord Clay Point LLC, said the company had planned to ask…

    Associated Press
  • Wondering How You Could Save on Home Insurance?

    Get a quote from Farmers Insurance and discover how you could save. Speak with an agent to get the knowledge you need to make an informed decision.

    AdChoicesFarmers InsuranceSponsored
  • Embraer to sell 50 E-175 jets to Republic in $2.1 billion deal

    Brazil's Embraer SA, the world's third largest commercial planemaker, said on Wednesday it booked a firm order from U.S. The deal, which will be included in Embraer's order book for the third quarter, is valued at $2.1 billion, the planemaker said in a securities filing. The planes will be operated…

  • SHOE COMPANY: Our CEO Just Disappeared And Most Of The Money Is Gone

    "and like that: he's gone." This is an actual headline from a company press release: "CEO and COO disappeared, most of the company's cash missing." (Via FastFT) In a statement, German-based shoe company Ultrasonic said its CFO,  Chi Kwong Clifford Chan, has been unable to reach the company's CEO,…

    Business Insider
  • Don't buy Alibaba stock: 'Dean of Valuation'

    Investors should steer clear of Alibaba , valuation expert Aswath Damodaran said Wednesday. On CNBC's " Fast Money ," Damodaran, a professor of finance at New York University's Stern School of Business, noted that he was looking at Alibaba stock from the perspective of a long-term investor, not a…

  • Billionaire Investor Says Chinese People Work Harder And Western Companies Could Face Deep Trouble After Alibaba IPO

    Michael Moritz, the chairman of VC firm Sequoia Capital, is a huge fan of Chinese internet companies and reiterated his enthusiasm for the Chinese market in an interview with The Wall Street Journal Wednesday. The billionaire investor described the Alibaba IPO as a “major landmark event” that is as…

    Business Insider
  • Play

    What the Fed Meeting Means for Bonds

    Janet Yellen & Co. are expected to hint at their timetable for raising interest rates. Here's how investors should prepare ahead of the meeting.

    WSJ Live
  • Top Analyst Upgrades and Downgrades: AEP, BHP, GE, Incyte, 3M, Tyco, Under Armour and More

    Top Analyst Upgrades and Downgrades: AEP, BHP, GE, Incyte, 3M, Tyco, Under Armour and More Stocks were firm on Wednesday morning ahead of the FOMC meeting outcome. Tuesday’s rally may have sparked higher interest again, and investors are looking for bargains

    24/7 Wall St.
  • Froot Loops® Cereal

    Who Says You Have to be a Kid to Enjoy the Fruity Goodness of Froot Loops? Remember The Sweet Aroma & Fruity Taste with a Bowl of Froot Loops Today!

    AdChoicesKellogg's Froot Loops®Sponsored
  • 6 Things Debt Collectors Wish You Knew

    The work debt collectors do is not popular, and has become increasingly derided by those who don’t like what we do or simply don’t know the facts about debt collection. Too often, debt collection is painted with a broad brush to create a portrait that isn’t accurate, and doesn’t properly educate…