Blog
DTN’s Technical Analysis | ENERGY | DEC 13
December 13, 2018
Brent Crude Oil: The overnight market on ICE was down $0.60 near $59.60. The spot-month contract continues to trade between resistance at the $63.96 38.2% retracement point for the 2016-to-2018 uptrend and support at the $56.92 50% retracement point. The forward curve is in a contango market structure through July 2019 delivery. The relative strength […]
DTN’s Technical Analysis | ENERGY | DEC 12
December 12, 2018
Brent Crude Oil: The overnight market on ICE was up $1.00 at $61.20. The spot-month contract continues to trade between resistance at the $63.96 38.2% retracement point for the 2016-to-2018 uptrend and support at the $56.92 50% retracement point. The forward curve is in a contango market structure through August 2019 delivery. The relative strength […]
2018 Atlantic Hurricane Season
December 11, 2018
Prior to the onset of the 2018 Atlantic Hurricane Season, most scientific agencies predicted a near average to above average season. As the season drew near, some agencies refined their prediction to slightly below average or average. Further refinements to the forecast took place during the season to indicate a near average season and most […]
DTN’s Technical Analysis | ENERGY | DEC 11
December 11, 2018
Brent Crude Oil:The overnight market on ICE was up $0.50 near $60.45. The spot-month contract continues to trade between resistance at the $63.96 38.2% retracement point for the 2016-to-2018 uptrend and support at the $56.92 50% retracement point. The forward curve is in a contango market structure through August 2019 delivery. The relative strength index […]
DTN’s Technical Analysis | ENERGY | DEC 10
December 10, 2018
Brent Crude Oil: The overnight market on ICE was down $0.55 near $61.10, consolidating within the prior session’s trade range. The spot-month contract has resistance at the $63.96 38.2% retracement point for the 2016-to-2018 uptrend, with support found at the $56.92 50% retracement point. The forward curve is in a contango market structure through August […]
DTN’s Technical Analysis | ENERGY | DEC 7
December 7, 2018
Brent Crude Oil: The overnight market on ICE was up $0.80 near $60.85. The spot-month contract has resistance at the $63.96 38.2% retracement point for the 2016-to-2018 uptrend. Support is found at the $56.92 50% retracement point. The forward curve is in a contango market structure through August 2019 delivery. The relative strength index shows […]
DTN’s Technical Analysis | ENERGY | DEC 6
December 6, 2018
Brent Crude Oil: The overnight market on ICE was down $1.50 near $60.15. The spot-month contract is down after testing resistance at the $63.96 38.2% retracement point for the 2016-to-2018 uptrend. Support is found at the $56.92 50% retracement point. The forward curve is in a contango market structure through August 2019 delivery. The relative […]
DTN’s Technical Analysis | ENERGY | DEC 5
December 5, 2018
Brent Crude Oil: The overnight market on ICE was down $0.25 near $61.90. The spot-month contract tested resistance at the $63.96 38.2% retracement point for the 2016-to-2018 uptrend Tuesday, trading at a $63.58 high. The forward curve is in a contango market structure through August 2019 delivery. The relative strength index shows easing oversold pressure. […]
DTN’s Technical Analysis | ENERGY | DEC 4
December 4, 2018
Brent Crude Oil: The overnight market on ICE was up $1.25 near $62.95. The spot-month contract has resistance at the $63.96 38.2% retracement point for the 2016-to-2018 uptrend. The forward curve is in a contango market structure through July 2019 delivery. The relative strength index shows the market remains oversold. Crude Oil: The overnight WTI […]
DTN’s Technical Analysis | ENERGY | DEC 3
December 3, 2018
Brent Crude Oil: The overnight market on ICE was up $2.25 near $61.70 as February delivery assumes the nearest delivered position. The spot-month contract is rallying off last week’s test of support at the $56.92 50% retracement point for the 2016-to-2018 uptrend. The forward curve is in a contango market structure through August 2019 delivery. […]
DTN’s Technical Analysis | ENERGY | Nov 30
November 30, 2018
Brent Crude Oil: The overnight market on ICE was down $0.75 near $58.75 amid inside trade ahead of the January contract’s expiration this afternoon. The spot-month contract has support at the $56.92 50% retracement point for the 2016-to-2018 uptrend. The forward curve is in a contango market structure through August 2019 delivery. The relative strength […]
On-Site Weather Forecasting for the Oil & Gas Industry
November 29, 2018
When it comes to the offshore oil and gas industry, weather can play a significant role both economically and logistically. Therefore, forecasts prepared by marine meteorologists can help with such planning. While general weather forecasts (winds, waves, visibilities, precipitation, and temperatures) can be prepared in marine operations and sent to the customer, the advantages of […]
DTN’s Technical Analysis | ENERGY | Nov 29
November 29, 2018
Brent Crude Oil: The overnight market on ICE was up $0.60 near $59.35. The spot-month contract tested support at the $56.92 50% retracement point for the 2016-to-2018 uptrend, trading at a $57.50 13-month low overnight. The forward curve is in a contango market structure through the third quarter 2019. The relative strength index shows an […]
DTN’s Technical Analysis | ENERGY | Nov 28
November 28, 2018
Brent Crude Oil: The overnight market on ICE was little changed near $60.10. The spot-month contract has support at $56.92, the 50% retracement point for the 2016-to-2018 uptrend. The forward curve is in a contango market structure through October 2019. The relative strength index shows an oversold market. Crude Oil: The overnight WTI market was […]
DTN’s Technical Analysis | ENERGY | Nov 27
November 27, 2018
Brent Crude Oil: The overnight market on ICE was little changed near $60.50. The spot-month contract has support at $56.92, the 50% retracement point for the uptrend from the 2016 low to the 2018 high. The forward curve is in a contango market structure through August 2019. The relative strength index shows an oversold market. […]
DTN’s Technical Analysis | ENERGY | Nov 26
November 26, 2018
Brent Crude Oil: The overnight market on ICE was up $1.25 near $60.00. The spot-month contract plunged through support at the 61.8% $60.54 retracement point for the 2017-to-2018 uptrend, trading at a $58.41 13-month low over the holiday. That sets support at $56.92, the 50% retracement point for the uptrend from the 2016 low to […]
DTN’s Technical Analysis | ENERGY | Nov 21
November 21, 2018
Brent Crude Oil: The overnight market on ICE was up $1.15 near $63.65, consolidating at the bottom end of Tuesday’s wide trade range. The spot-month contract moved through the $61.76-$61.77 double bottom reached in February on Tuesday, trading at a $61.71 nearly one-year low. Support is marked at $60.54, the 61.8% retracement point for the […]
DTN’s 2018 Thanksgiving Travel Outlook: Weather | Gas Prices
November 20, 2018
Thanksgiving Travel Weather Impacts on the East/West Coast, Tranquil in Between Thanksgiving is typically the time of year when much of the country begins the transition from fall to winter, and 2018 is no exception. In the days leading up to the biggest travel day of the year (Wednesday), the Continental United States will feature […]
DTN’s Technical Analysis | ENERGY | Nov 19
November 19, 2018
Brent Crude Oil: The overnight market on ICE was flat near $67.70. The spot-month contract is consolidating above support at $65.54, the 50% retracement point for the long-term uptrend from the June 2017 low to the October high. After last week’s $64.61 eight-month low, support is found at the $60.54 61.8% retracement point for the […]
DTN’s Technical Analysis | ENERGY | Nov 16
November 16, 2018
Brent Crude Oil: The overnight market on ICE was up $1.00 near $67.65. The spot-month contract tested support at $65.54, the 50% retracement point for the long-term uptrend from the June 2017 low to the October high this week, trading at a $64.61 eight-month low. Additional support is found at the $60.54 61.8% retracement point […]
DTN’s Technical Analysis | ENERGY | Nov 15
November 15, 2018
Brent Crude Oil: The overnight market on ICE was up $0.50 near $66.60, continuing to consolidate above this week’s $64.61 eight-month low. The spot-month contract has support at $65.54, the 50% retracement point for the long-term uptrend from the June 2017 low to the October high, with support again found at the $60.54 61.8% retracement […]
DTN’s Technical Analysis | ENERGY | Nov 14
November 14, 2018
Brent Crude Oil: The overnight market on ICE was up $0.55 near $66.00, consolidating above Tuesday’s plunge to a $64.61 eight-month low. The spot-month contract is trading just above support at $65.54, the 50% retracement point for the long-term uptrend from the June 2017 low to the October high, with support again found at the […]
DTN’s Technical Analysis | ENERGY | Nov 13
November 13, 2018
Brent Crude Oil: The overnight market on ICE was down $1.25 near $68.90. The spot-month contract decisively broke below retracement support at $70.55, settling at $70.12 on Monday, and trading at a new seven-month intraday low at $68.15 overnight. Support is found at $65.54, the 50% retracement point for the long-term uptrend from the June […]
DTN’s Technical Analysis | ENERGY | Nov 12
November 12, 2018
Brent Crude Oil: The overnight market on ICE was up $1.15 near $71.30. The spot-month contract is again trading above support at the $70.55 38.2% retracement point for the long-term uptrend from the June 2017 low to the October high after moving below the support point Friday, trading at a $69.13 seven-month low. Additional support […]
DTN’s Technical Analysis | ENERGY | Nov 9
November 9, 2018
Brent Crude Oil: The overnight market on ICE was down $1.00 near $69.65, trading at a $69.13 seven-month low. The spot-month contract moved below support at the $70.55 38.2% retracement point for the long-term uptrend from the June 2017 low to the October high. Support is found at the $65.54 50% retracement point for the […]
DTN’s Technical Analysis | ENERGY | Nov 7
November 7, 2018
Brent Crude Oil: The overnight market on ICE was up $1.00 near $73.10. The spot-month contract tested support at the $71.30 61.8% retracement point for the February-to-October uptrend, trading at a $71.18 11-week low Tuesday. Support is again found at the $70.30 August low. The spot-month contract remains below the 200-day moving average at $74.03. […]
DTN’s Technical Analysis | ENERGY | Nov 6
November 6, 2018
Brent Crude Oil: The overnight market on ICE was down $0.40 near $72.75. The spot-month contract continues to trade below the 200-day moving average at $74.01, with support at the $71.30 61.8% retracement point for the February-to-October uptrend. Support is again found at the $70.30 August low. The forward curve is largely flat through July […]
DTN’s Technical Analysis | ENERGY | Nov 5
November 5, 2018
Brent Crude Oil: The overnight market on ICE was flat near $72.85. The spot-month contract is testing support at the $71.30 61.8% retracement point for the February-to-October uptrend, trading at $72.26 overnight and $72.16 Friday. Support is again found at the $70.30 August low. The forward curve is largely flat through the first half of […]
DTN’s Technical Analysis | ENERGY | Nov 2
November 2, 2018
Brent Crude Oil: The overnight market on ICE was slightly higher near $73.05. The spot-month contract settled below support at the $74.25 50% retracement point for the February-to-October uptrend, ending Thursday’s session at $72.89. Support is now found at the $71.30 61.8% retracement point and at the $70.30 August low. The forward curve is largely […]
DTN’s Technical Analysis | ENERGY | Nov 1
November 1, 2018
Brent Crude Oil: The overnight market on ICE gapped down $0.46 as the January contract assumes the front month position, trading $0.60 lower near $74.40. The spot-month contract is testing support at the $74.25 50% retracement point for the February-to-October uptrend, trading at a nearly 2-1/2 month low at $74.08. Support is again found at […]
DTN’s Technical Analysis | ENERGY | Oct 31
October 31, 2018
Brent Crude Oil: The overnight market on ICE was up $0.25 near $76.15 ahead of the December contract’s expiration this afternoon. The spot-month contract set a new low for October on Tuesday at $75.09, with support at the $74.25 50% retracement point for the February-to-October uptrend holding. December delivery is trading at a discount to […]
DTN’s Technical Analysis | ENERGY | Oct 30
October 30, 2018
Brent Crude Oil: The overnight market on ICE was down $0.50 near $76.75 ahead of the December contract’s expiration Wednesday afternoon. The spot-month contract has support at this month’s $75.11 low, and again at the $74.25 50% retracement point for the February-to-October uptrend. The front end of the forward curve is flat through the first […]
DTN’s Technical Analysis | ENERGY | Oct 29
October 29, 2018
Brent Crude Oil: The overnight market on ICE was little changed at $77.50. The spot-month contract is in a short-term downtrend, trading at a $75.11 two-month low last week. Support is marked at the $74.25 50% retracement point for the February-to-October uptrend. The front end of the forward curve is flat through the first quarter […]
DTN’s Technical Analysis | ENERGY | Oct 26
October 26, 2018
Brent Crude Oil: The overnight market on ICE was down $0.65 near $76.25. The spot-month contract is in a short-term downtrend, trading at a $75.11 two-month low this week. Support is marked at the $74.25 50% retracement point for the February-to-October uptrend. December delivery is trading at a discount to the January contract, with the […]
DTN’s Technical Analysis | ENERGY | Oct 25
October 25, 2018
Brent Crude Oil: The overnight market on ICE was up $0.50 near $76.65. The spot-month contract continues to trade below previous support at the $77.20 38.2% retracement point for the February-to-October uptrend, trading at a $75.11 two-month low Wednesday. Support is marked at the $74.25 50% retracement point for the same trend. The front end […]
United Nations Day: Climate Smart Initiative Update
October 24, 2018
Climate Smart Initiative This past July, DTN participated as a thought leader in a side event of the United Nations’ High-Level Political Forum 2018 (HLPF) in New York City. The meeting was organized by the Permanent Mission of Kazakhstan to the United Nations to feature mechanisms for global partnerships and sustainable development. DTN had the […]
DTN’s Technical Analysis | ENERGY | Oct 24
October 24, 2018
Brent Crude Oil: The overnight market on ICE was flat near $76.50, and traded at a $75.11 two-month low. The spot-month contract moved through support at the $77.20 38.2% retracement point for the February-to-October uptrend, and the 100-day moving average at $76.93. Support is now marked at the $74.25 50% retracement point for the same trend. […]
Hurricane Willa 10-23-18
October 23, 2018
Current Status Hurricane Willa, a Category 3 storm located around 100 miles off the western coast of Mexico, is slowly pushing toward the coast this afternoon. Impacts have already begun, with outer rain bands reaching Puerto Vallarta. The storm will make landfall southeast of Mazatlán this evening. Willa displayed remarkable strengthening this past weekend, reaching […]
DTN’s Technical Analysis | ENERGY | Oct 23
October 23, 2018
Brent Crude Oil: The overnight market on ICE was down $1.50 near $78.28, trading near a $77.87 five-week low. The spot-month contract is in a short-term downtrend, moving below support at the $78.52 50% retracement point for the August-to-October uptrend. Support is now found at the $77.20 38.2% retracement point for the February-to-October uptrend. The […]
DTN’s Technical Analysis | ENERGY | Oct 19
October 19, 2018
Brent Crude Oil: The overnight market on ICE was up $0.75 near $80.00. The spot-month contract tested support at the $78.52 50% retracement point for the August-to-October uptrend Thursday, trading at a four-week low at $78.69. Support is again found at the $77.20 38.2% retracement point for the February-to-October uptrend. Resistance is found at the […]
DTN’s Technical Analysis | ENERGY | Oct 18
October 18, 2018
Brent Crude Oil: The overnight market on ICE was down $1 near $79.00. The spot-month contract has support at the $78.52 50% retracement point for the August-to-October uptrend, and again at the $77.20 38.2% retracement point for the February-to-October uptrend. Resistance is found at the $82.86 23.6% retracement point for the August-to-October uptrend. The forward […]
DTN’s Technical Analysis | ENERGY | Oct 17
October 17, 2018
Brent Crude Oil: The overnight market on ICE was slightly lower near $81.25. The spot-month contract has resistance at the $84.73 Fibonacci extension point for the February-to-May uptrend. Support is marked at the $77.20 38.2% retracement point for the February-to-October uptrend. The forward curve is in a bullish backwardated market structure. The relative strength index […]
DTN’s Technical Analysis | ENERGY | Oct 16
October 16, 2018
Brent Crude Oil: The overnight market on ICE was down $0.50 near $80.25. The spot-month contract has resistance at the $84.73 Fibonacci extension point for the February-to-May uptrend Monday. Support is marked at the $77.20 38.2% retracement point for the February-to-October uptrend. The forward curve is in a bullish backwardated market structure. The relative strength […]
DTN’s Technical Analysis | ENERGY | Oct 15
October 15, 2018
Brent Crude Oil: The overnight market on ICE was up $0.85 near $81.25. The spot-month contract continues to trade on either side of the $80.84 extension point for the February-to-May uptrend, with support at the $77.20 38.2% retracement point for the February-to-October uptrend. The forward curve is in a bullish backwardated market structure. The relative […]
DTN’s Technical Analysis | ENERGY | Oct 12
October 12, 2018
Brent Crude Oil: The overnight market on ICE was up $0.35 near $80.60. The spot-month contract is testing support at the $80.84 retracement point for the February-to-October uptrend, trading at a $79.80 three-week low Thursday. Support is again marked at the $77.20 38.2% retracement point for the same downtrend. The forward curve is in a […]
Hurricane Michael Update
October 11, 2018
SYNOPSIS FOR THE NEXT 24-48 HOURS: Hurricane Michael has made landfall and is moving north/northeast over Georgia at this time. This storm remains very well organized and strong despite being well inland with high winds and heavy rains for a large portion of the southeastern US. The storm will continue to track across the Carolinas to […]
DTN’s Technical Analysis | ENERGY | Oct 11
October 11, 2018
Brent Crude Oil: The overnight market on ICE was down $1.50 near $81.50, and traded at an $81.14 two-week low. The spot-month contract is testing support at $81.86 and $80.50. Resistance is found at the $84.73 23.6% Fibonacci extension point and this month’s $86.74 four-year high. The forward curve is in a bullish backwardated market […]
Hurricane Michael 10-10-18
October 10, 2018
SYNOPSIS FOR THE NEXT 24-48 HOURS: Hurricane Michael will make landfall over the Florida Panhandle today as a Major (category 3/4) hurricane. Significant rains, winds, and storm surge conditions could be seen anywhere from Mobile AL to the Tampa Bay FL area. The areas expected to see the highest winds and most destructive elements of […]
DTN’s Technical Analysis | ENERGY | Oct 10
October 10, 2018
Brent Crude Oil: The overnight market on ICE was flat at $85 amid inside trade. The spot-month contract continues to trade on either side of the $84.73 23.6% Fibonacci extension point. Resistance is found at this month’s $86.74 four-year high and the $87.47 38.2% extension point. Support is found at $81.86 and $80.50. The forward […]
DTN’s Technical Analysis | ENERGY | Oct 9
October 9, 2018
Brent Crude Oil: The overnight market on ICE was up $0.95 to near $84.85. The spot-month contract is trading on either side of the $84.73 23.6% Fibonacci extension point, with resistance after this month’s $86.74 four-year high found at the $87.47 38.2% extension point. Support is found at $81.86 and $80.50. The forward curve is […]
Hurricane Michael 10-8-2018
October 8, 2018
From Tropical Storm to Hurricane Hurricane Michael formed this morning while moving into the Yucatan Channel. The storm has tracked to the north-northeast over the past 24 hours and the core of the cyclone is currently passing across the western tip of Cuba. An expansive ridge of high pressure will cause Michael to continue tracking […]
DTN’s Technical Analysis | ENERGY | Oct 8
October 8, 2018
Brent Crude Oil: The overnight market on ICE was down $1.15 to $83, trading near an $82.66 one-week low. The spot-month contract continues to backpedal from last week’s $86.74 four-year high, with support found at $81.86 and $80.50. The forward curve is in a bullish backwardated market structure. The relative strength index shows an overbought […]
Kong-rey and Walaka Storm Systems Simultaneously Strike the Pacific Ocean
October 5, 2018
Surprising Simultaneous Strikes A pair of Category 5 tropical cyclones struck the Pacific Ocean this week. Kong-rey, a typhoon in the western Pacific, rapidly strengthened on Monday, reaching super typhoon strength with sustained winds of 160 mph by Monday evening. Walaka, a hurricane in the central Pacific, reached the same strength of 160 mph at the […]
DTN’s Technical Analysis | ENERGY | Oct 5
October 5, 2018
Brent Crude Oil: The overnight market on ICE was down about $0.25 to $84.35, consolidating within this week’s trade range. The spot-month contract has pulled back after testing resistance at the $87.47 38.2% Fibonacci extension point for the February-to-May uptrend, trading at an $86.74 four-year high this week. Long-term resistance is marked at the $88.77 […]
DTN’s Technical Analysis | ENERGY | Oct 4
October 4, 2018
Brent Crude Oil: The overnight market on ICE was down $0.25 to just over $86, consolidating within Wednesday’s trade range. The spot-month contract moved through resistance at the $84.73 23.6% Fibonacci extension point for the February-to-May uptrend, trading at an $86.74 four-year high. Initial resistance is found at the $87.47 extension point, and long-term resistance […]
DTN’s Technical Analysis | ENERGY | Oct 3
October 3, 2018
Brent Crude Oil: The overnight market on ICE eased to $84.65 amid inside trade. The spot-month contract is again testing resistance at $84.73, the 23.6% Fibonacci extension point for the February-to-May uptrend, with resistance again found at the $87.47 extension point. Long-term resistance is marked at the $88.77 61.8% retracement point for the June 2014 […]
DTN’s Technical Analysis | ENERGY | Oct 2
October 2, 2018
Brent Crude Oil: The overnight market on ICE was down $0.25 near $84.65, holding below Monday’s $85.45 four-year high. The spot-month contract is testing resistance at $84.73, the 23.6% Fibonacci extension point for the February-to-May uptrend, with resistance again found at the $87.47 extension point. Long-term resistance is marked at the $88.77 61.8% retracement point […]
DTN’s Technical Analysis | ENERGY | Oct 1
October 1, 2018
Brent Crude Oil: The overnight market on ICE was up $0.25 near $83, trading at a nearly four-year high as the December contract assumes the front month position. The now expired November contract settled above retracement resistance at $81.86 Friday. Long-term resistance is marked at the $88.77 61.8% retracement point for the June 2014 high-to-January […]
DTN’s Technical Analysis | ENERGY | Sep 28
September 28, 2018
Brent Crude Oil: The overnight market on ICE was up $0.50 near $82.25, consolidating within Thursday’s trade range ahead of the November contract’s expiration this afternoon. The spot-month contract is in a short-term uptrend, trading at an $82.55 nearly four-year high this week. The spot-month contract continues to trade on either side of retracement resistance […]
DTN’s Technical Analysis | ENERGY | Sep 27
September 27, 2018
Brent Crude Oil: The overnight market on ICE was up $0.45 near $81.75. The spot-month contract is in a short-term uptrend, trading at an $82.55 nearly four-year high this week. The spot-month contract continues to test resistance at the $81.86 61.8% retracement point for the downtrend from the June 2014 high-to-January 2016 low. Resistance is […]
DTN’s Technical Analysis | ENERGY | Sep 26
September 26, 2018
Brent Crude Oil: The overnight market on ICE was down $0.45 near $81.75, consolidating below Tuesday’s $82.55 nearly four-year high. The spot-month contract is testing resistance at the $81.86 61.8% retracement point for the downtrend from the June 2014 high-to-January 2016 low. Resistance is again marked at the $88.77 61.8% retracement point for the June […]
DTN’s Technical Analysis | ENERGY | Sep 25
September 25, 2018
Brent Crude Oil: The overnight market on ICE was up $0.85 at $82.05, trading at an $82.20 nearly four-year high. The spot-month contract is testing resistance at the $81.86 61.8% retracement point for the downtrend from the June 2014 high-to-January 2016 low. Resistance is again marked at the $88.77 61.8% retracement point for the June […]
From Record Heat to Record Wind
September 24, 2018
This past summer for the United Kingdom was one of the hottest on record according to the UK Met Office. The mean temperature from June to August 2018 for the UK as a whole was set at 15.8°C, which ties with the previous years of 1976, 2003, and 2006. Meanwhile, England specifically experienced their hottest […]
DTN’s Technical Analysis | ENERGY | Sep 24
September 24, 2018
Brent Crude Oil: The overnight market on ICE was up almost $2, trading near an $80.94 three-year, ten-month high. The spot-month contract moved through the $80.49-$80.50 double top reached in May, with resistance now found at the 81.86 61.8% retracement point for downtrend from the June 2014 high-to-January 2016 low. Resistance is again marked at […]
DTN’s Technical Analysis | ENERGY | Sep 21
September 21, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 higher near $79.50, consolidating within Thursday’s trade range. The spot-month contract is again testing resistance at the $80.13 3-1/2 month high, trading $79.55 overnight. Retracement support is marked at $77.24. Additional support is found at the $75.92 100-day moving average. The spot-month contract is in […]
DTN’s Technical Analysis | ENERGY | Sep 20
September 20, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $79.15. The spot-month contract continues to hold below resistance at the recent $80.13 3-1/2 month high, trading at a $79.83 one-week high overnight. Retracement support is marked at $77.24. Additional support is found at the $75.88 100-day moving average. The spot-month contract is […]
DTN’s Technical Analysis | ENERGY | Sep 19
September 19, 2018
Brent Crude Oil: The overnight market on ICE was modestly lower near $78.95, consolidating within Tuesday’s outside up trade session. The spot-month contract has resistance at the recent $80.13 3-1/2 month high and retracement support at $77.24. Additional support is found at the $75.82 100-day moving average. The spot-month contract is in a near-term uptrend. […]
DTN’s Technical Analysis | ENERGY | Sep 18
September 18, 2018
Brent Crude Oil: The overnight market on ICE was up $1.15 at $79.20. The spot-month contract reversed higher after testing retracement support at $77.24. Additional support is found at the $75.77 100-day moving average. Resistance is at the $80.13 3-1/2 month high. The spot-month contract is in a near-term uptrend. The forward curve is in […]
DTN’s Technical Analysis | ENERGY | Sep 17
September 17, 2018
Brent Crude Oil: The overnight market on ICE was up $0.50 near $78.60 amid inside trade. The spot-month contract is in a near-term uptrend, trading at an $80.13 3-1/2 month high last week. Support is marked at the $77.24 retracement point, and again at the $75.71 100-day moving average. The forward curve is in a […]
DTN’s Technical Analysis | ENERGY | Sep 14
September 14, 2018
Brent Crude Oil: The overnight market on ICE was little changed near $78.25, consolidating with Thursday’s trade range. The spot-month contract is in a near-term uptrend, trading at an $80.13 3-1/2 month high this week. Support is marked at the $77.24 retracement point, and again at the $75.68 100-day moving average. The forward curve is […]
DTN’s Technical Analysis | ENERGY | Sep 13
September 13, 2018
Brent Crude Oil: The overnight market on ICE was down $0.60 near $79.15. The spot-month contract is in a near-term uptrend, trading at an $80.13 3-1/2 month high Wednesday. The spot-month contract pulled back after testing resistance at the $80.50 May high. Retracement support is marked at $77.24, with support again found at the $75.65 […]
DTN’s Technical Analysis | ENERGY | Sep 12
September 12, 2018
Brent Crude Oil: The overnight market on ICE was up $0.25 near $79.30. The spot-month contract is testing resistance at last week’s $79.72 better-than three-month high, trading at $79.66 overnight. Resistance is then found at the $80.50 May high. Retracement support is marked at $76.11, with support again found at the $75.60 100-day moving average. […]
DTN’s Technical Analysis | ENERGY | Sep 11
September 11, 2018
Brent Crude Oil: The overnight market on ICE was up $0.50 near $77.90, trading at a one-week high. The spot-month contract is again trading above retracement support at $76.11, with support again found at the $75.54 100-day moving average. Resistance is at last week’s $79.72 better-than three-month high. The forward curve is in a bullish […]
Technically Speaking: Corn | Soybeans | Wheat
September 10, 2018
Corn December corn remains rangebound but has put forth some clear and present risk parameters from which to gauge the next impulsive move. The short-term corrective low is $3.55 1/4 and $3.82 1/2 the short-term corrective high with a break in either signaling an attack at the wider range caps of $3.88 1/2 and $3.50 […]
DTN’s Technical Analysis | ENERGY | Sep 10
September 10, 2018
Brent Crude Oil:The overnight market on ICE was $0.65 higher at $77.50. The spot-month contract tested retracement support at $76.11 last week, trading at a $75.64 two-week low. Support is again found at the $75.50 100-day moving average. Resistance is at last week’s $79.72 better-than three-month high. The forward curve is in a bullish backwardated […]
Where is Hurricane Florence Headed?
September 7, 2018
Where Will hurricane Florence Go? The biggest question in the weather world this week is the eventual track of Hurricane Florence. The exact answer to this question is impossible to know at this point, but there are some important hints that could give us insight as to the most likely future for Florence. Historically, there […]
DTN’s Technical Analysis | ENERGY | Sep 7
September 7, 2018
Brent Crude Oil: The overnight market on ICE were slightly higher at $76.65, consolidating within Thursday’s trade range. The spot-month contract tested support at $76.11, the 61.8% retracement point for the June-to-August downtrend, trading at a $75.64 two-week low Thursday. Support is again found at the $75.47 100-day moving average. Resistance is at this week […]
DTN’s Technical Analysis | ENERGY | Sep 6
September 6, 2018
Brent Crude Oil: The overnight market on ICE was up $0.25 near $77.50. The spot-month contract fell back from its test of resistance at the $79.70 June high, trading at a $79.72 better-than three-month high Tuesday. The short-term trend is up, with resistance again found at the $80.50 May high. Support is marked at the […]
DTN’s Technical Analysis | ENERGY | Sep 5
September 5, 2018
Brent Crude Oil: The overnight market on ICE was down $0.75 near $77.40. The spot-month contract tested resistance at the June high of $79.70 Tuesday, trading at a $79.72 better-than three-month high. Resistance is again found at the $80.50 May high. Support is marked at the $75.42 100-day moving average. The forward curve is in […]
DTN’s Technical Analysis | ENERGY | Sep 4
September 4, 2018
Brent Crude Oil: The overnight market on ICE was up $1.25 near $79.25. The spot-month contract has rallied through the July and June highs of $79.51 and $79.70, respectively, trading at a $79.72 better-than three-month high. Resistance is now found at the $80.50 May high. Support is found at the $75.39 100-day moving average. The […]
DTN’s Technical Analysis | ENERGY | Aug 31
August 31, 2018
Brent Crude Oil: The overnight market on ICE was down $0.35 near $77.40. The spot-month contract is pulling back from a $78.03 seven-week high traded Thursday, with resistance found at the July high of $79.51 and June high of $79.70. Support is found at the $75.25 100-day moving average. The October contract expires today (8/31), […]
DTN’s Technical Analysis | ENERGY | Aug 30
August 30, 2018
Brent Crude Oil: The overnight market on ICE was $0.50 higher near $77.60. The spot-month contract is in a short-term uptrend, trading at a fresh seven-week high of $77.91 overnight. The spot-month contract is testing resistance at $77.24, the 23.6% retracement point for the April-to-May uptrend. Resistance is then found at the July high of […]
DTN’s Technical Analysis | ENERGY | Aug 29
August 29, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 higher at $76.20. The spot-month contract is in a short-term uptrend, trading near a seven-week high of $76.97 Tuesday. Resistance is marked at $77.24, the 23.6% retracement point for the April-to-May uptrend, and at the July high of $79.51. Support is found at the $75.13 […]
Meet a Met: Marshall Wickman
August 28, 2018
Marshall Wickman @MWickWx55 University of Michigan – Bachelor of Science (Atmospheric & Oceanic Sciences) DTN Senior Marine Meteorologist & Metocean/Climate Specialist Has been working for WWT/DTN (Wilkens Weather was acquired by DTN on September 29, 2017) for 37 years What is your favorite part about being in MetOps? Always knowing what the weather will […]
DTN’s Technical Analysis | ENERGY | Aug 28
August 28, 2018
Brent Crude Oil: The overnight market on ICE was up $0.25 near $76.50, trading near a seven-week high of $76.87. The spot-month contract is in a short-term uptrend. The spot-month contract settled above resistance at the $76.11 61.8% retracement point for the July-to-August downtrend. Resistance is now marked at $77.24, the 23.6% retracement point for […]
DTN’s Technical Analysis | ENERGY | Aug 27
August 27, 2018
Brent Crude Oil: The overnight market on ICE was down slightly near $75.65 amid inside trade. The spot-month contract is in a short-term uptrend, trading at a $75.82 six-week high Friday. Resistance is at the $76.11 61.8% retracement point for the July-to-August downtrend, and again at $77.24. Retracement support is found at $73.89. October delivery […]
DTN’s Technical Analysis | ENERGY | Aug 24
August 24, 2018
Brent Crude Oil: The overnight market on ICE was up $1 near $75.75. The spot-month contract has moved into a short-term uptrend, trading at a $75.84 six-week high overnight. Resistance is at the $76.11 61.8% retracement point for the July-to-August downtrend, with resistance then found at $77.24. Retracement support is found at $73.89. October delivery […]
DTN’s Technical Analysis | ENERGY | Aug 23
August 23, 2018
Brent Crude Oil: The overnight market on ICE was down $0.25 near $74.55, trading at the upper end of Wednesday’s trade range. The spot-month contract is testing resistance at the $75.00 50% retracement point for the July-to-August downtrend, with additional resistance at $76.11. Retracement support is found at $73.89. The front end of the forward […]
DTN’s Technical Analysis | ENERGY | Aug 22
August 22, 2018
Brent Crude Oil: The overnight market on ICE was up $1.25 near $73.85. The spot-month contract has moved above resistance at the $73.34 38.2% retracement point for the February-to-May uptrend. Resistance is now marked at the $75.22 and $76.08 retracement points. Support is found at the 200-day moving average at $70.41 and the $70.30 August […]
2018 Hurricane Season Update
August 21, 2018
As we push into late August, the Atlantic Basin is approaching the climatological peak of its hurricane season. Earlier this year, most seasonal forecasts for 2018 were for near to slightly above normal tropical cyclone activity in the Atlantic, mainly due to neutral El Nino Southern Oscillation conditions and normal to above normal sea surface […]
DTN’s Technical Analysis | ENERGY | Aug 21
August 21, 2018
Brent Crude Oil: The overnight market on ICE was up $0.25 near $72.50 amid inside trade. Resistance is marked at $73.34, the 38.2% retracement point for the February-to-May uptrend. Additional resistance is found at the $75.22 and $76.08 retracement points. Support is found at the $70.30 August low, which coincides with the 200-day moving average […]
DTN’s Technical Analysis | ENERGY | Aug 20
August 20, 2018
Brent Crude Oil: The overnight market on ICE was up $0.25 near $72. The spot-month contract is in a short-term downtrend. Support is marked at last week’s $70.30 four-month low which coincides with the 200-day moving average at $70.32. Resistance is marked at $73.34, the 38.2% retracement point for the February-to-May uptrend. The forward curve […]
DTN’s Technical Analysis | ENERGY | Aug 17
August 17, 2018
Brent Crude Oil: The overnight market on ICE was up $0.50 near $72. The spot-month contract is in a short-term downtrend. The spot-month contract tested support at the 200-day moving average this week, which is $70.28, trading at a $70.30 four-month low. The spot-month contract has moved back above support at the $71.13 50% retracement […]
DTN’s Technical Analysis | ENERGY | Aug 16
August 16, 2018
Brent Crude Oil: The overnight market on ICE was flat near $70.75. The spot-month contract is in a short-term downtrend, trading at a four-month low of $70.30 Wednesday. The spot-month contract moved through support at the $71.13 50% retracement point for the February-to-May uptrend. Support is now marked at the $70.23 200-day moving average, with […]
DTN’s Technical Analysis | ENERGY | Aug 15
August 15, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 lower near $71.75. The spot-month contract is in a short-term downtrend, trading at a four-month low of $71.04 Monday. The spot-month contract has support at $71.13, the 50% retracement point for the February-to-May uptrend. Resistance is at $75.22, the 38.2% retracement point for the April-to-May […]
Technically Speaking: Corn | Soybeans | Wheat
August 14, 2018
Corn December Corn: December corn closed down 12 1/2 cents last week, ending at $3.71 3/4 Friday. Like soybeans, corn prices were hurt by a higher-than-expected crop estimate of 14.59 billion bushels from USDA, based on a record high yield estimate of 178.4 bushels per acre. Unlike soybeans however, corn has a more hopeful demand […]
DTN’s Technical Analysis | ENERGY | Aug 14
August 14, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 higher near $73.50. The spot-month contract is in a short-term downtrend, trading at a four-month low of $71.04 Monday. The spot-month contract reversed higher after testing support at $71.13, the 50% retracement point for the February-to-May uptrend. Resistance is at $75.22, the 38.2% retracement point […]
DTN’s Technical Analysis | ENERGY | Aug 13
August 13, 2018
Brent Crude Oil: The overnight market on ICE was flat near $72.75 following Friday’s modest advance. The spot-month contract is in a short-term downtrend. Support is marked at the $71.97 61.8% retracement point for the February-to-May uptrend. Support is then found at the $71.19 July low and the 50% retracement point at $71.13. Resistance is […]
DTN’s Technical Analysis | ENERGY | Aug 10
August 10, 2018
Brent Crude Oil: The overnight market on ICE was flat at $72, trading near a $71.40 two-week low. The spot-month contract is in a short-term downtrend, again testing support at the $71.97 61.8% retracement point for the February-to-May uptrend. Support is then marked at the $71.19 July low and the 50% retracement point at $71.13. […]
DTN’s Technical Analysis | ENERGY | Aug 9
August 9, 2018
Brent Crude Oil: The overnight market on ICE was slightly higher near $72.50. The spot-month contract is in a short-term downtrend, testing support at the $71.97 61.8% retracement point for the February-to-May uptrend. Support is again found at the $71.19 July low and the 50% retracement point at $71.13. Resistance is at $75.22, the 38.2% […]
DTN’s Technical Analysis | ENERGY | Aug 8
August 8, 2018
Brent Crude Oil: The overnight market on ICE was slightly down near $74.50. The spot-month contract has resistance at $75.22, the 38.2% retracement point for the April-to-May uptrend. Support is marked at the $71.97 61.8% retracement point for the same uptrend. Support is again found at the $71.19 July low and the $71.13 50% retracement […]
DTN’s Technical Analysis | ENERGY | Aug 7
August 7, 2018
Brent Crude Oil: The overnight market on ICE was up $1 near $74.75. The spot-month contract has resistance at $75.22, the 38.2% retracement point for the April-to-May uptrend. Support is marked at the $71.97 61.8% retracement point for the same uptrend. Support is again found at the $71.19 July low and the $71.13 50% retracement […]
DTN’s Technical Analysis | ENERGY | Aug 6
August 6, 2018
Brent Crude Oil: The overnight market on ICE was up $0.75 near $74. The spot-month contract has resistance at $75.22, the 38.2% retracement point for the April-to-May uptrend. Support is marked at the $71.97 61.8% retracement point for the same uptrend. Support is again found at the $71.19 July low and the $71.13 50% retracement […]
DTN’s Technical Analysis | ENERGY | Aug 3
August 3, 2018
Brent Crude Oil: The overnight market on ICE was flat near $73.50. The spot-month contract is in a short-term downtrend, testing support this week at the $71.97 61.8% retracement point for the April-to-May uptrend. Support is then found at the $71.19 July low and the $71.13 50% retracement point for the February-to-May uptrend. Resistance is […]
DTN’s Technical Analysis | ENERGY | Aug 2
August 2, 2018
Brent Crude Oil: The overnight market on ICE was down $0.50 near $72, trading near a fresh two-week low of $71.84. The spot-month contract is in a short-term downtrend. Support is found at the $71.19 July low and the $71.13 50% retracement point for the February-to-May uptrend. Resistance is found at $75.22, the 38.2% retracement […]
DTN’s Technical Analysis | ENERGY | Aug 1
August 1, 2018
Brent Crude Oil: The overnight market on ICE was down $1 near $73.25, gapping down slightly as the October contract becomes nearest delivery. The spot-month contract is in a short-term downtrend, moving below support at the 100-day moving average at $74.14. Support is found at the $71.19 July low and the $71.13 50% retracement point […]
Meet a Met: John Baranick
July 31, 2018
John Baranick Iowa State University – Meteorology Transportation Meteorologist Has been with DTN for 6 years How did you end up working at DTN? I had a classmate working here and she always told me about what a great place this was to work. I interviewed in 2008 (Great Recession) but the client that […]
DTN’s Technical Analysis | ENERGY | Jul 31
July 31, 2018
Brent Crude Oil: The overnight market on ICE was down $0.25 near $74.75, holding below Monday’s $75.27 two-week high ahead of the September contract’s expiration this afternoon. The spot-month contract has eased following Monday’s test of resistance at $75.22, the 38.2% retracement point for the April-to-May uptrend. Initial support is found at the 100-day moving […]
DTN’s Technical Analysis | ENERGY | Jul 30
July 30, 2018
Brent Crude Oil: The overnight market on ICE was up $0.50 near a two-week high, holding just below psychological resistance at $75.00 ahead of Tuesday’s expiration of the September contract. The spot-month contract has resistance at $75.22, the 38.2% retracement point for the April-to-May uptrend. Initial support is found at the 100-day moving average at […]
DTN’s Technical Analysis | ENERGY | Jul 27
July 27, 2018
Brent Crude Oil: The overnight market on ICE was flat near $74.50 consolidating within Thursday’s trade range in front of the September contract’s expiration Tuesday (7/31). The spot-month contract is holding below the psychologically significant $75.00 marker, with resistance at $75.22, the 38.2% retracement point for the April-to-May uptrend. Initial support is found at the […]
DTN’s Technical Analysis | ENERGY | Jul 26
July 26, 2018
Brent Crude Oil: The overnight market on ICE was $0.35 higher near $74.30. The spot-month contract is testing resistance at $75.22, the 38.2% retracement point for the April-to-May uptrend, with resistance then found at $76.08. Initial support is found at the 100-day moving average at $73.75 followed by the recent $71.19 low and the $71.13 […]
DTN’s Technical Analysis | ENERGY | Jul 25
July 25, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 higher near $73.75. The spot-month contract is testing resistance at the $73.60 50% retracement point for the April-to-May uptrend, which coincides with the 100-day moving average at $73.65. Resistance is then marked at the $76.08 retracement point. Support is found at the recent $71.19 low […]
Meet a Met: Ryan Niemann
July 24, 2018
Ryan Niemann St. Cloud State University – Major in Atmospheric Science with a Computing Minor Staff Meteorologist Has been with DTN for 2 months How did you end up working at DTN? First learned about the position while attending the Austin, Texas national AMS conference back in January. What is your favorite part about […]
Technically Speaking: Corn | Soybeans | Wheat
July 24, 2018
Corn: DTN National Corn Index: DTN’s index of cash corn prices performed an about-face last week, closing up 15 cents at $3.26 and leaving behind a low for 2018 at $3.09. The bullish change of direction punctuated seven weeks of falling prices and had help from hot and dry conditions in the southwestern Corn Belt […]
DTN’s Technical Analysis | ENERGY | Jul 24
July 24, 2018
Brent Crude Oil: The overnight market on ICE was slightly higher near $73.25. The spot-month contract is in a short-term downtrend, trading at a more than three-month low at $71.19 last week. Support is marked at the $71.13 50% retracement point for the February-to-May uptrend. Retracement resistance is found at $76.08. The front end of the […]
DTN’s Technical Analysis | ENERGY | Jul 23
July 23, 2018
Brent Crude Oil: The overnight market on ICE was $1.25 higher near $74.35. The spot-month contract is in a short-term downtrend, trading at a more than three-month low at $71.19 last week. Support is marked at the $71.13 50% retracement point for the February-to-May uptrend. Retracement resistance is found at $76.08. The front end of […]
DTN’s Technical Analysis | ENERGY | Jul 20
July 20, 2018
Brent Crude Oil: The Brent contract is back in recovery mode in the overnight trading period after declining on Thursday. In the early US trading session Sep Brent is higher by $0.24 to $72.82 bbl. The contract is technically in a short term down trend but is currently back to trading within the confines of […]
DTN’s Technical Analysis | ENERGY | Jul 19
July 19, 2018
Brent Crude Oil: The Brent contract is back on the defensive in the overnight trading period after a whipsaw trading session in Wednesday with September Brent lower by $0.76 to $72.14 bbl. The contract is continuing to break down technically and has moved below the downward trending linear regression trading channel after bouncing off support […]
DTN’s Technical Analysis | ENERGY | Jul 18
July 18, 2018
Brent Crude Oil: The Brent contract is back on the defensive in the overnight trading period with September Brent lower by $0.56 to $71.60 bbl. The contract is continuing to break down technically and remains below the downward trending linear regression trading channel and heading for the next level of support of $71.00. If the […]
DTN’s Technical Analysis | ENERGY | Jul 17
July 17, 2018
Brent Crude Oil: The strong selling that hit the market last Wednesday did technical damage to the uptrend formation with another day of selling on Monday. The contract is breaking down technically having now solidly breached its upward trending linear regression trading channel and heading for the next level of support of $71.00. If the […]
DTN’s Technical Analysis | ENERGY | Jul 16
July 16, 2018
Brent Crude Oil: Last week the spot September Brent contract was hit with a round of selling for the second week in a row even with a modest upside move on Friday. The spot-month contract tested and breached the upward trending linear regression trading channel support at $74.80 but was able to recover on Friday […]
DTN’s Technical Analysis | ENERGY | Jul 13
July 13, 2018
Brent Crude Oil: The overnight market on ICE was down $0.35 near $74.05. The spot-month contract tested support at $73.34, the 38.2% retracement point for the February-to-May uptrend and at the $73.00 100-day moving average Thursday with a 3-1/2 week low at $72.67. Additional support is found at the $71.13 50% retracement point for the […]
DTN’s Technical Analysis | ENERGY | Jul 12
July 12, 2018
Brent Crude Oil: The overnight market on ICE was up $0.75 to $74.25. The spot-month contract tested support at $73.34, the 38.2% retracement point for the February-to-May uptrend, midweek with a $73.04 three-week low. Retracement resistance is found at $76.08 and $77.34, followed by the June high at $79.44, and the May high at $80.50. […]
DTN’s Technical Analysis | ENERGY | Jul 11
July 11, 2018
Brent Crude Oil: The overnight market on ICE was down nearly $2.00 to $77.00. Support is marked at $76.08, the 23.6% retracement point for the February-to-May uptrend. Despite the overnight decline, the spot-month contract is in a short-term uptrend. Resistance is found at the June high at $79.44, and the May high at $80.50. Brent […]
Meet a Met: Maggie Riley
July 10, 2018
Maggie Riley St. Cloud State University – Meteorology Lead Senior Meteorologist Has been with DTN 21 years What is your favorite part about being in MetOps? Every day is different! What is the most challenging part of being in MetOps? Knowing how much our clients depend on us and making sure we are providing […]
DTN’s Technical Analysis | ENERGY | Jul 10
July 10, 2018
Brent Crude Oil: The overnight market on ICE was $1.00 higher near $79.00. The spot-month contract is in a short-term uptrend. Resistance is found at the June high at $79.44, and the May high at $80.50. Support is marked at $76.08, the 23.6% retracement point for the February-to-May uptrend. Brent is in backwardation, a bullish […]
DTN’s Technical Analysis | ENERGY | Jul 9
July 9, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 higher near $77.75. The spot-month contract is in a short-term uptrend. Resistance is found at the June high at $79.44, and the May high at $80.50. Support is marked at $76.08, the 23.6% retracement point for the February-to-May uptrend. Brent is in backwardation, a bullish […]
Hurricane Beryl Forms in Atlantic Basin
July 6, 2018
Hurricane Beryl The tropics in the Atlantic basin are heating up this week, as Hurricane Beryl has formed over 1000 miles east of The Lesser Antilles. There has been much buzz in the meteorological community of late regarding the abnormally cool waters in the Atlantic’s Main Development Region (MDR), but Beryl has managed to form […]
DTN’s Technical Analysis | ENERGY | Jul 6
July 6, 2018
Brent Crude Oil: The overnight market on ICE was $0.50 lower near $76.85, testing support at $76.08, the 23.6% retracement point for the February-to-May uptrend. Despite the move lower, the spot-month contract is in a short-term uptrend. Resistance is found at the June high at $79.44, and the May high at $80.50. Brent is in […]
DTN’s Technical Analysis | ENERGY | Jul 5
July 5, 2018
Brent Crude Oil: The overnight market on ICE was slightly higher near $78.35 amid consolidation trade. The spot-month contract is in a short-term uptrend, trading at a four-week high at $79.44 last week. Resistance is found at May’s high of $80.50. Brent is in backwardation, a bullish market structure, with the calendar spreads narrowing. The […]
July 2018 Weather Outlook
July 3, 2018
We have now reached the month of the summer where temperatures are at their warmest. Average highs in July range from the upper 70s to near 90 in the northern areas, to the 90s across most of the South, with 100s in the Desert Southwest. Daylight hours begin to slowly decline, though it will be […]
Technically Speaking: Corn | Soybeans | Wheat
July 3, 2018
Corn: December corn prices finished the week ending June 22 down 6 3/4 cents at $3.71 1/4. Friday’s close was down 14% from the May peak, but still well above the 2017 low of $3.35 1/4. Corn’s trend is still down, but we have to note better progress among noncommercials liquidating their net longs, now […]
DTN’s Technical Analysis | ENERGY | Jul 3
July 3, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 higher, trading just above $78.00. The spot-month contract is in a short-term uptrend, trading at a four-week high at $79.44 on Friday. Resistance is found at May’s high of $80.50. Brent is in backwardation, a bullish market structure, with the calendar spreads widening. The relative […]
DTN’s Technical Analysis | ENERGY | Jul 2
July 2, 2018
Brent Crude Oil: The overnight market on ICE was down $0.50 near $78.75, as the September contract begins as nearest delivery. The spot-month contract is in a short-term uptrend, trading at a four-week high at $79.44 on Friday. Resistance is found at May’s high of $80.50. Brent is in backwardation, a bullish market structure, with […]
DTN’s Technical Analysis | ENERGY | Jun 29
June 29, 2018
Brent Crude Oil: The overnight market on ICE was more than $0.75 higher near $78.75 ahead of the August contract’s expiration at today’s close. The spot-month contract is in a short-term uptrend, trading at a fresh four-week high at $79.34. The spot-month contract has moved through retracement resistance for the April-to-May uptrend at $77.24, in […]
DTN’s Technical Analysis | ENERGY | Jun 28
June 28, 2018
Brent Crude Oil: The overnight market on ICE was trading just above $78.00, up almost $0.50, ahead of the September contract’s expiration Friday afternoon. The spot-month contract is in a short-term uptrend, trading at a $78.18 four-week high overnight after moving through retracement resistance for the April-to-May uptrend at $77.24. Resistance is then marked at […]
DTN’s Technical Analysis | ENERGY | Jun 27
June 27, 2018
Brent Crude Oil: The overnight market on ICE was trading just below $77.00, up more than $0.50, trading at a $76.95 two-week high. The spot-month contract moved through resistance at the $76.08 retracement point for the February-to-May uptrend, and is now testing retracement resistance for the April-to-May uptrend at $77.24. Support is marked at the […]
DTN’s Technical Analysis | ENERGY | Jun 26
June 26, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 higher near $75.50, testing resistance at the $76.08 retracement point for the February-to-May uptrend. The spot-month contract is in a short-term downtrend. Support is marked at $73.34, the 38.2% retracement point for the February-to-May uptrend, and again at the recent four-week low of $72.45. Brent […]
Meet a Met: Ryan Fulton
June 25, 2018
Ryan Fulton Florida State Univ – Meteorology, Univ of Houston – MBA Marine Product Manager Has been with DTN since the Wilkens Weather Technologies acquisition in September 2017. 10 years with Wilkens before that. What is the craziest weather event you’ve experienced personally? I was caught in a water spout coming ashore. Sandblast! What […]
DTN’s Technical Analysis | ENERGY | Jun 25
June 25, 2018
Brent Crude Oil: The overnight market on ICE was down $1.25 near $74.25. The spot-month contract is in a short-term downtrend. The spot-month contract is testing support at $73.34, the 38.2% retracement point for the February-to-May uptrend, with additional support at the four-week low of $72.45. Resistance is marked the $76.08 retracement point for the […]
DTN’s Technical Analysis | ENERGY | Jun 22
June 22, 2018
Brent Crude Oil: The overnight market on ICE was $1.25 higher near $74.25, consolidating within Thursday’s trade range. The spot-month contract is in a short-term downtrend. The spot-month contract moved off support at $73.34, the 38.2% retracement point for the February-to-May uptrend, with additional support at the four-week low of $72.45. Resistance is marked the […]
DTN’s Technical Analysis | ENERGY | Jun 21
June 21, 2018
Brent Crude Oil: The overnight market on ICE was down more than $1.00 near $73.50. The spot-month contract is in a short-term downtrend. The spot-month contract is testing support at $73.34, the 38.2% retracement point for the February-to-May uptrend, and in position to test additional support at the week’s four-week low of $72.45. Additional retracement […]
DTN’s Technical Analysis | ENERGY | Jun 20
June 20, 2018
Brent Crude Oil: The overnight market on ICE was flat near $75.00 after testing retracement resistance at $76.08. The spot-month contract is in a short-term downtrend. Support is marked at $73.34, the 38.2% retracement point for the February-to-May uptrend, and at this week’s four-week low of $72.45. Brent is in backwardation, a bullish market structure, […]
DTN’s Technical Analysis | ENERGY | Jun 19
June 19, 2018
Brent Crude Oil: The overnight market on ICE was down $0.50 near $74.75. The spot-month contract traded at a four-week low of $74.25 Monday, confirming its short-term downtrend. The spot-month contract tested key support at $73.34—the 38.2% retracement point for the February-to-May uptrend, for the second straight session Monday, with additional support marked at $71.13. […]
Meet a Met: Eric Brozefsky
June 18, 2018
Eric Brozefsky Penn State University – B.S. in Meteorology Sr. Marine Meteorologist Has been with DTN since Sept 30, 2017 – with Wilkens Weather Technologies since November 2003. What is your favorite part about being in MetOps? Helping clients and fellow co-workers. What is the most challenging part of being in MetOps? Meeting the […]
Technically Speaking: Corn | Soybeans | Wheat
June 18, 2018
Weekly Analysis: New-Crop Corn, Soybeans and SRW Wheat Corn: December corn prices finished the week ending June 15 down 15 1/4 cents at $3.82 3/4, just three cents above its low for 2018. Obviously, the trend is down after three weeks of sharply lower prices and we all want to know how far down prices […]
DTN’s Technical Analysis | ENERGY | Jun 18
June 18, 2018
Brent Crude Oil: The overnight market on ICE was up $0.50 near $74.00, reversing higher off a new four-week low. While higher, the spot-month contract is in a short-term downtrend. The spot-month contract broke below support at $73.34—the 38.2% retracement point for the February-to-May uptrend. Additional support is marked at $71.13. Brent remains backwardated, a […]
DTN’s Technical Analysis | ENERGY | Jun 15
June 15, 2018
Brent Crude Oil: The overnight market on ICE was down $0.50 near $75.50. The spot-month contract is testing support at the $75.22 38.2% retracement for the April to May uptrend, with support next marked at the recent $73.81 four-week low. Additional support for the spot-month contract is found at $73.34—the 38.2% retracement point for the […]
DTN’s Technical Analysis | ENERGY | Jun 14
June 14, 2018
Brent Crude Oil: The overnight market on ICE was down slightly near $76.63. The short-term trend remains down, with initial support at the recent $73.81 four-week low. Additional support for the spot-month contract is found at $73.34—the 38.2% retracement point for the February-to-May uptrend. Resistance is found at $77.24. The spot-month contract remains in a […]
DTN’s Technical Analysis | ENERGY | Jun 13
June 13, 2018
Brent Crude Oil: The overnight market on ICE was down slightly near $75.85 after trading at a one-week low of $75.26 overnight. The short-term trend is down after the spot-month contract traded at a $73.81 four-week low last week. The spot-month contract has support at $73.34—the 38.2% retracement point for the February-to-May uptrend. Resistance is found […]
Meet a Met: Justin Meier
June 12, 2018
Justin Meier @xjustinmeierx Western Illinois University – Meteorology Major, GIS Minor Marine Meteorologist Has been with DTN for 1.5 years What is your favorite part about being in MetOps? The many MetOps personalities and the wide variety of clientele we deal with on a daily basis. What is the most challenging part of being […]
DTN’s Technical Analysis | ENERGY | Jun 12
June 12, 2018
Brent Crude Oil: The overnight market on ICE was down $0.25 near $76.15. The short-term trend is down after the spot-month contract traded at a $73.81 four-week low last week. The spot-month contract has support at $73.34—the 38.2% retracement point for the February-to-May uptrend. Resistance is found at $77.24. The spot-month contract remains in a […]
DTN’s Technical Analysis | ENERGY | Jun 11
June 11, 2018
Brent Crude Oil: The overnight market on ICE was down $0.65 near $75.80. The short-term trend is down after the spot-month contract traded at a $73.81 four-week low last week. The spot-month contract has support at $73.34—the 38.2% retracement point for the February-to-May uptrend. Resistance is found at $77.24. The spot-month contract remains in a […]
DTN’s Technical Analysis | ENERGY | Jun 8
June 8, 2018
Brent Crude Oil: The overnight market on ICE was down about $0.60 near $76.75 after testing retracement resistance at $77.24. The spot-month contract tested retracement support at $73.34 this week with a $73.81 four-week low. The spot-month contract remains in a long-term uptrend, underpinned by a bullish backwardated forward curve. The relative strength index is […]
Meet a Met: Bryce Link
June 5, 2018
Bryce Link @brycealink Iowa State University – Meteorology DTN Marine Meteorologist How did you end up working at DTN? I was hired along with the acquisition of Wilkens Weather, September 2017. What is your favorite part about being in MetOps? The fact that every single day is different. Weather is always changing. What is the […]
DTN’s Technical Analysis | ENERGY | Jun 5
June 5, 2018
Brent Crude Oil: The overnight market (ICE) was $0.94 lower at $74.35. The market remains in a minor (short-term) 3-wave downtrend with Wave C below the Wave A low of $74.49. The next target area is between $73.34 and $71.13, prices that mark the 38.2% and 50% retracement levels of the previous uptrend from $61.76 […]
Technically Speaking | Energy | Jun 4
June 4, 2018
Crude Oil: The spot-month contract closed $2.07 lower at $65.81. The spot-month contract built on the bearish reversal from the previous week, moving to a new 4-week low of $65.51. This confirms a move to a secondary (intermediate-term) downtrend with initial support at $61.79. This price marks the 23.6% retracement level of the previous uptrend […]
Technically Speaking: Corn | Soybeans | Wheat
June 4, 2018
Corn Cash: The DTN National Corn Index (NCI, national average cash price) closed at $3.59, down 14 cents for the week. The NCI posted a new low 4-week close last week indicating the secondary (intermediate-term) trend on its weekly close-only chart is now down. While the NCI could see a minor (short-term) rally that possible […]
DTN’s Technical Analysis | ENERGY | Jun 4
June 4, 2018
Brent Crude Oil: The overnight market (ICE) was $1.04 lower at $75.75. The market remains in a minor (short-term) 3-wave downtrend, with Wave C now expected to move below the Wave A low of $74.49. Support below that price is between $73.34 and $71.13, prices that mark the 38.2% and 50% retracement levels of the […]
DTN’s Technical Analysis | ENERGY | Jun 1
June 1, 2018
Brent Crude Oil: The overnight market (ICE) was $0.31 higher at $77.86. The ongoing rally still looks to be Wave B (second wave) of a minor (short-term) 3-wave downtrend. The spot-month contract is testing resistance between $77.50 and $78.20, prices that mark the 50% and 61.8% retracement levels of Wave A from $80.50 through the […]
DTN’s Technical Analysis | ENERGY | May 31
May 31, 2018
Brent Crude Oil: The overnight market on ICE was flat at $77.50. The market remains in a minor (short-term) three-wave downtrend on its daily chart with the recent rally Wave B (second wave). This has resulted in a test of resistance at $77.50, a price that marks the 50% retracement level of Wave A from […]
DTN’s Technical Analysis | ENERGY | May 30
May 30, 2018
Brent Crude Oil: The overnight market on ICE was $0.50 higher near $75.95. The market remains in a minor (short-term) downtrend on its daily chart with next support at $73.34. This price marks the 38.2% retracement level of the previous uptrend from $61.76 through the high of $80.50. Daily stochastics remain bearish, heading toward the […]
DTN’s Technical Analysis | ENERGY | May 29
May 29, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 higher near $75.90. The market is in a minor (short-term) downtrend on its daily chart with next support at $73.34. This price marks the 38.2% retracement level of the previous uptrend from $61.76 through the high of $80.50. Daily stochastics remain bearish, heading toward the […]
Subtropical Storm Alberto Update May 28, 2018
May 28, 2018
Subtropical Storm Alberto moved northward across the eastern Gulf of Mexico this weekend. The track for the storm was a bit further east than expected, sparing a large portion of the eastern Gulf of Mexico from very rough seas due to strong winds on the eastern side of the low. Sites off the coasts of […]
DTN’s Technical Analysis | ENERGY | May 25
May 25, 2018
Brent Crude Oil: The overnight market on ICE was $1.50 lower near $77.25. The market looks to have finally followed-through on minor (short-term) bearish technical signals, with the spot-month contract moving to a new better than one-week low below $78.10. Initial support is at $76.08, a price that marks the 23.6% retracement level of the […]
Invest 90L – May 2018
May 24, 2018
On May 17th, DTN Marine Meteorologists began monitoring the potential for tropical development across the far western Caribbean Sea. Ensemble model guidance from both American and European forecast centers were hinting at the development of a broad low forming and slowly moving northward. On May 21st, the National Hurricane Center officially started issuing Special Tropical […]
DTN’s Technical Analysis | ENERGY | May 24
May 24, 2018
Brent Crude Oil: The overnight market on ICE was $1.00 lower near $78.85. The spot-month contract continues to consolidate below the recent high of $80.50, unable to follow-through on minor (short-term) bearish signals due to bullish fundamentals implied by the market’s inverted forward curve. Minor support is at the four-day low of $78.10. Crude Oil: The […]
DTN’s Technical Analysis | ENERGY | May 23
May 23, 2018
Brent Crude Oil: The overnight market on ICE was $0.60 lower near $78.95. While the spot-month contract continues to give signals of a possible short-term bearish change in trend, the market’s bullish inverted forward curve continues to provide fundamental support. If the market breaks to a new four-day low below $78.10, initial support is at […]
DTN’s Technical Analysis | ENERGY | May 22
May 22, 2018
Brent Crude Oil: The overnight market (ICE) was $0.37 higher at $79.59. While the spot-month contract continues to give signals of a possible short-term bearish change in trend, the market’s bullish inverted forward curve continues to provide fundamental support. This allows the market’s major (long-term) uptrend to override minor (short-term) and secondary (intermediate-term) technical signals. […]
DTN’s Technical Analysis | ENERGY | May 21
May 21, 2018
Brent Crude Oil: The overnight market (ICE) was $0.08 lower at $78.59. Technically the market looks to be rolling over into a minor (short-term) downtrend as the spot-month contract continues to pull back from the recent high of $80.50. Daily stochastics have established another bearish crossover above the overbought level of 80%, signaling a changing […]
Technically Speaking | Energy | May 20
May 20, 2018
Crude Oil: The spot-month contract closed $0.58 higher at $71.28. Despite weekly stochastics continuing to show a sharply overbought situation, the market extended its secondary (intermediate-term) uptrend last week to a high of $72.30. This was a test of next major (long-term) resistance on the monthly chart at $72.36, a price that marks the 38.2% […]
Technically Speaking: Corn | Soybeans | Wheat
May 20, 2018
Corn Cash: The DTN National Corn Index (NCI, national average cash price) closed at $3.68, up 7 cents for the week. The NCI continues to consolidate below its recent high of $3.72, with weekly stochastics above the overbought level of 80%. Support is at last week’s low of $3.61 with resistance the recent high of […]
DTN’s Technical Analysis | ENERGY | Mar 18
May 18, 2018
Brent Crude Oil: The overnight market on ICE was $0.40 higher at $79.70. The spot-month contract extended the market’s uptrends (minor, secondary, and major) again as it posted a new high of $80.50 Thursday. Next major (long-term) resistance is at $89.70 on the market’s monthly chart, a price that marks the 61.8% retracement level of […]
DTN’s Technical Analysis | ENERGY | May 17
May 17, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 higher near $79.95. The spot-month contract extended the market’s uptrends (minor, secondary, and major) again as it posted a new high of $80.18 overnight. This is the first move into the $80 area since November 2014. Next major (long-term) resistance is at $89.70 on the […]
DTN’s Technical Analysis | ENERGY | May 16
May 16, 2018
Brent Crude Oil: The overnight market on ICE was $0.50 lower near $77.95. The spot-month contract extended the market’s uptrends (minor, secondary, and major) as it posted a new high of $79.47 Tuesday. The subsequent setback still has the market above major (long-term) resistance at $77.75 on the monthly chart, a price that marks the […]
Meet a Met: Allan Persons
May 15, 2018
Allan Persons @wxpersons St. Cloud State University – Meteorology DTN Senior Energy Meteorologist Been with DTN for 10 years How did you end up working at DTN? After college, some of my former classmates had gotten hired at DTN, while I was pursuing other avenues. One of my former classmates suggested I would be […]
DTN’s Technical Analysis | ENERGY | May 15
May 15, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 higher near $79.00. The spot-month contract extended the market’s uptrends (minor, secondary, and major) as it posted a new high of $79.22 overnight. This pushed beyond next major (long-term) resistance at $77.75 on the market’s monthly chart, a price that marks the 50% retracement level […]
DTN’s Technical Analysis | ENERGY | May 14
May 14, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 higher near $77.40. The spot-month contract continues to test major (long-term) resistance at $77.75 on the market’s monthly chart, a price that marks the 50% retracement level of the previous major downtrend from $128.40 through the low of $27.10. Fundamental support continues to come from […]
Technically Speaking | Energy | May 13
May 13, 2018
Crude Oil: The spot-month contract closed $0.98 higher at $70.70. Despite weekly stochastics continuing to show a sharply overbought situation, the market extended its secondary (intermediate-term) uptrend last week to a high of $71.89. Next major (long-term) resistance on the monthly chart is at $72.36, a price that marks the 38.2% retracement level of the […]
Technically Speaking: Corn | Soybeans | Wheat
May 13, 2018
Corn Cash: The DTN National Corn Index (NCI, national average cash price) closed at $3.61, down 09 cents for the week. Though no clear turn signal has been created, the NCI may have established an earlier than normal seasonal top. The previous week’s close of $3.70 was a test of resistance at $3.73, a price […]
DTN’s Technical Analysis | ENERGY | May 11
May 11, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $77.25. The spot-month contract continues to test major (long-term) resistance at $77.75 on the market’s monthly chart, a price that marks the 50% retracement level of the previous major downtrend from $128.40 through the low of $27.10. Fundamental support continues to come from […]
DTN’s Technical Analysis | ENERGY | May 10
May 10, 2018
Brent Crude Oil: The overnight market (ICE) was $0.22 higher at $77.43. The spot-month contract posted a new high of $78.00 overnight before pulling back slightly through Thursday morning. This put the spot-month contract above next major (long-term) resistance at $77.75 on the market’s monthly chart, a price that marks the 50% retracement level of […]
DTN’s Technical Analysis | ENERGY | May 9
May 9, 2018
Brent Crude Oil: The overnight market (ICE) was $1.80 higher at $76.65. The spot-month contract posted a new high of $77.20 overnight before pulling back slightly. Next major (long-term) resistance remains at $77.75 on the market’s monthly chart, a price that marks the 50% retracement level of the previous major downtrend from $128.40 through the […]
Meet a Met: Nick Lesser
May 8, 2018
Nick Lesser @nick_lesser Iowa State University – Meteorology What is your role at DTN? Staff meteorologist, mostly work in graphics drawing fronts around the world. How did you end up working at DTN? I grew up only 10 minutes away from the Burnsville, Minnesota office, so it was a good fit for me to […]
DTN’s Technical Analysis | ENERGY | May 8
May 8, 2018
Brent Crude Oil: The overnight market (ICE) was $0.73 lower at $75.44. The spot-month contract posted a new high of $76.34 during Monday’s rally before falling back overnight into Tuesday morning. Given daily stochastics are once again in overbought territory, the market is vulnerable to a round of selling at any time. Initial support is […]
Technically Speaking | ENERGY | May 7
May 7, 2018
Crude Oil: The spot-month contract closed $1.62 higher at $69.72. The market extended its secondary (intermediate-term) uptrend last week. Despite weekly stochastics above 80% indicating an overbought situation, the spot-month contract posted a bullish outside range. Next major (long-term) resistance on the monthly chart is at $72.36, a price that marks the 38.2% retracement level […]
Technically Speaking: Corn | Soybeans | Wheat
May 7, 2018
Corn Cash: The DTN National Corn Index (NCI, national average cash price) closed at $3.70, up 11 cents for the week. The NCI extended its secondary (intermediate-term) uptrend last week. Next resistance is at $7.73, a price that marks the 76.4% retracement level of the sell-off from $4.01 (week of June 13, 2016) through the […]
DTN’s Technical Analysis | ENERGY | May 7
May 7, 2018
Brent Crude Oil: The overnight market (ICE) was $0.69 higher at $75.56. The spot-month contract has extended the market’s minor (short-term), secondary (intermediate-term), and major (long-term) uptrend. Despite being technically overbought on daily, weekly, and monthly charts, bullish fundamentals indicated by the market’s inverted forward curve continues to drive Brent crude higher. Crude Oil: The […]
DTN’s Technical Analysis | ENERGY | May 4
May 4, 2018
Brent Crude Oil: The overnight market on ICE was $0.35 higher near $74.00. While the market continues to indicate it’s in a minor (short-term) uptrend, a higher close Friday would be a standard three-day move against the trend. Support at $72.23, the 23.6% retracement level of the previous uptrend, continues to hold with resistance at […]
DTN’s Technical Analysis | ENERGY | May 3
May 3, 2018
Brent Crude Oil: The overnight market on ICE was $0.50 lower near $73.00. Wednesday saw the spot-month contract rally off its test of support at $72.23, a price that marks the 23.6% retracement level of the previous uptrend from $61.76 through the recent high of $75.47. Despite the higher close the minor (short-term) trend remains […]
DTN Provides Oil & Gas Market Outlook for Upcoming Storm Season
May 3, 2018
Oil Market Changes and Lessons Learned from 2017 The Forecast All predictions point to an average hurricane season, however, that does not mean the oil market will continue at status quo. An average hurricane season entails six to eight storms, and as we saw in 2017, only one is needed to disrupt the economy. Recapping […]
DTN’s Technical Analysis | ENERGY | May 2
May 2, 2018
Brent Crude Oil: The overnight market on ICE was $0.15 lower near $73.00. Tuesday’s selloff seems to have confirmed a move to a minor (short-term) downtrend. The spot-month contract posted a new four-day low of $72.74, putting it in position to challenge initial support at $72.23. This price marks the 23.6% retracement level of the […]
Gasoline Muscling Up—Flips into Seasonal Backwardation
May 1, 2018
Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices The now expired May gasoline futures contract on the New York Mercantile Exchange rallied to an eight-month high on the spot continuous chart before rolling off the board April 30, positioning the June contract to retrace the August 2017 high at $2.1705 gallon traded as […]
Meet a Met: Willis Young
May 1, 2018
Willis Young @WillisEYoung Western Illinois University – Meteorology DTN Expert On-site Meteorologist Has been with DTN for 12 years What is your favorite part about being in MetOps? As an on-site meteorologist, I travel 27 weeks a year throughout North America and beyond. I love the challenge of forecasting at so many different locations […]
DTN’s Technical Analysis | ENERGY | May 1
May 1, 2018
Brent Crude Oil: The overnight market on ICE was $0.50 lower near $74.10. The spot-month contract continues to consolidate below its recent high of $75.47, while giving indications of rolling over into a minor (short-term) downtrend. The most recent signal by daily stochastics remains a bearish crossover above the overbought level of 80%. If the […]
US Biodiesel Plant Profitability Soars but Spot Prices Flat Line
April 30, 2018
A gauge assessing the profitability of processing soyabean oil into biodiesel shows production plants in the United States enjoying their best margins in more than three years, as diesel prices climb to three-year highs while soyabean oil values slide to nearly two-year lows. Based on the assumption that it takes 7.55 pounds of soyabean oil […]
DTN’s Technical Analysis | ENERGY | Apr 30
April 30, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 lower near $73.90. The market is once again giving indications of rolling over into a minor (short-term) downtrend. The most recent signal by daily stochastics remains a bearish crossover above the overbought level of 80%. If the market starts to fall, initial support is at […]
Technically Speaking: Corn | Soybeans | Wheat
April 29, 2018
Corn Cash: The DTN National Corn Index (NCI, national average cash price) closed at $3.60, up 15 cents for the week. The NCI took out its previous double-top near $3.54, also erasing a potential head-and-shoulders pattern on its weekly close-only chart. Despite weekly stochastics already well above the overbought level of 80% the NCI has […]
DTN’s Technical Analysis | ENERGY | Apr 27
April 27, 2018
Brent Crude Oil: The overnight market on ICE was slightly lower near $74.65. The spot-month contract continues to flirt with the possibility of moving into a minor (short-term) downtrend on its daily chart, only to have support from the market’s bullish forward curve (fundamentals) limit selling interest. Resistance remains at Tuesday’s peak of $75.47 with […]
DTN’s Technical Analysis | ENERGY | Apr 26
April 26, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 higher at $74.75. The spot-month contract continues to flirt with the possibility of moving into a minor (short-term) downtrend on its daily chart, only to have support from the market’s bullish forward curve (fundamentals) spark a test of recent highs. This puts resistance at Tuesday’s […]
DTN’s Technical Analysis | ENERGY | Apr 25
April 25, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $73.65. The combination of Monday’s move to a new high and close near that high, followed by yet another high on Tuesday with a close near session lows looks to have established a two-day reversal. Tuesday also saw daily stochastics post another bearish […]
Meet a Met: Tom Skinner
April 24, 2018
Tom Skinner University of Wisconsin – Madison DTN Aviation Team Lead Meteorologist How long have you been with DTN? Since 1988 (I know…wowzers!) What is your favorite part about being in MetOps? Challenges of getting the forecast right and helping save our clients $$! What is the most challenging part of being in MetOps? Fog […]
DTN’s Technical Analysis | ENERGY | Apr 24
April 24, 2018
Brent Crude Oil: The overnight market on ICE was slightly higher near $74.75. Despite being sharply overbought the spot-month contract extended the market’s minor (short-term) uptrend to a new high of $75.27 overnight. Next major (long-term) resistance is pegged at $77.75. Commercial buying, indicated by the strengthening inverse in the market’s forward curve, continues to […]
DTN’s Technical Analysis | ENERGY | Apr 23
April 23, 2018
Brent Crude Oil: The overnight market on ICE was flat near $74.00. The market remains sharply overbought on its daily (short-term), weekly (intermediate-term), and monthly (long-term) charts. However, its forward curve remains inverted meaning the market has plenty of fundamental support to offset potential technical selling. Next major (long-term) resistance is pegged at $77.75 with […]
Technically Speaking: Corn | Soybeans | Wheat
April 22, 2018
Corn Cash: The DTN National Corn Index (NCI, national average cash price) closed at $3.45, down 8 cents for the week. The NCI has a double-top formation in place between its previous high of $3.57 and the recent peak of $3.56. A new secondary (intermediate-term) 3-wave downtrend would be confirmed if cash corn falls below […]
DTN’s Technical Analysis | ENERGY | Apr 20
April 20, 2018
Brent Crude Oil: The overnight market on ICE was $0.50 lower near $73.25. The spot-month contract extended the market’s minor (short-term) uptrend to a new high of $74.75 Thursday. Next major (long-term) resistance on the monthly chart is pegged at $77.75. Crude Oil: The overnight WTI market was $0.50 lower near $67.75. The spot-month extended […]
DTN’s Technical Analysis | ENERGY | Apr 19
April 19, 2018
Brent Crude Oil: The overnight market on ICE was more than $1.00 higher near $74.50. The spot-month contract has extended the market’s minor (short-term) uptrend to a new high of $74.63 overnight. Next major (long-term) resistance on the monthly chart is pegged at $77.75. Crude Oil: The overnight WTI market was nearly $1.00 higher at […]
DTN’s Technical Analysis | ENERGY | Apr 18
April 18, 2018
Brent Crude Oil: The overnight market on ICE was $0.85 higher near $72.50. The spot-month contract has rallied again, putting itself in position to test the recent high of $73.09. This doesn’t erase the potential for a move into a minor (short-term) three-wave downtrend, but puts it on hold for a while. Initial support remains […]
Ethanol Blog: Japan Opens Door to US Ethanol
April 17, 2018
United States corn ethanol producers will be allowed to export ethanol to Japan, after the nation’s government approved a new policy to allow 44% of its 217-million-gallon ethanol demand to produce ethyl tert-butyl ether, or ETBE, which is commonly used as an oxygenate in gasoline, to come from corn-based ethanol. The announcement comes on the […]
Meet a Met: Stewart Williams
April 17, 2018
Stewart Williams @pgawxman1 University of North Carolina at Asheville, Meteorology On-site event meteorologist for professional golf Has been with DTN for 12 years What is your favorite part about being in MetOps? Working with a great group of people that have the same passion for weather as I do. What is the craziest weather […]
DTN’s Technical Analysis | ENERGY | Apr 17
April 17, 2018
Brent Crude Oil: The overnight market on ICE was flat near $71.50. The spot-month contract could confirm a move to a minor (short-term) downtrend by posting a new four-day low below $70.57 Tuesday. If so the market would already be near initial support at $70.42, the 23.6% retracement level of the previous uptrend from $61.76 […]
Weekend (April 14-15, 2018) Gulf Coast Cold Front
April 16, 2018
As most in the United States already know, a major spring storm system formed and pushed eastward across the center of the country over the weekend. A crippling blizzard developed across portions of Nebraska, South Dakota, Iowa, and Minnesota, with areas seeing snow totals up to 20 inches and peak wind gusts in excess of […]
DTN’s Technical Analysis | ENERGY | Apr 16
April 16, 2018
Brent Crude Oil: The overnight market on ICE was $1.00 lower near $71.50. The market’s minor (short-term) five-wave uptrend looks to be nearing its end, with the high of $73.09 (April 11) in position to be the peak of Wave 5. It is still too early to confirm the end of the uptrend, though, with […]
Technically Speaking: Corn | Soybeans | Wheat
April 15, 2018
Corn Cash: The DTN National Corn Index (NCI, national average cash price) closed at $3.52, down 2 cents for the week. The NCI looks to have established a double-top between its previous high of $3.57 and last week’s peak of $3.56. A new secondary (intermediate-term) 3-wave downtrend would be confirmed if cash corn falls below […]
DTN’s Technical Analysis | ENERGY | Apr 13
April 13, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $71.75. The market remains in a minor (short-term) five-wave uptrend though the spot-month contract continues to consolidate below Wednesday’s high of $73.09. Next major (long-term) resistance on the market’s monthly chart is at $77.75. Crude Oil :The overnight WTI market was $0.25 lower near […]
DTN’s Technical Analysis | ENERGY | Apr 12
April 12, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $71.75. The spot-month contract posted an inside range overnight (inside the previous day’s range), giving few clues as to whether or not the five-wave minor (short-term) uptrend has come to an end. Daily stochastics remain bullish below the overbought level of 80%, though […]
DTN’s Technical Analysis | ENERGY | Apr 11
April 11, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 higher near $71.75. Previous indications of a minor (short-term) three-wave downtrend were erased by the move to a new high Tuesday. The market now looks to have rejoined its previous five-wave uptrend, with major (long-term) resistance up at $77.75 on the monthly chart. Crude Oil: […]
Meet a Met: Aaron Studwell
April 10, 2018
Aaron Studwell @RaceWeather University of Michigan, B.S. Aerospace Engineering Texas A&M University, M.S. Meteorology University of Houston, Ph.D. (candidate) Atmospheric Sciences DTN Marine Team Lead Has been with DTN 8 months with the acquisition of Wilkens Weather Technologies (7.5 years) What is your favorite part about being in MetOps? Working with and mentoring my […]
DTN’s Technical Analysis | ENERGY | Apr 10
April 10, 2018
Brent Crude Oil: The overnight market on ICE was $1.25 higher near $69.75. Wave B (second wave) of the market’s three-wave downtrend quickly moved to a test of resistance between $69.38 and $70.02. These prices mark the 61.8% and 76.4% retracement levels of Wave A from $71.05 through the low of $66.69. Wave C would be […]
DTN’s Technical Analysis | ENERGY | Apr 9
April 9, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 higher near $67.75. Despite higher overnight trade the market remains in a minor (short-term) downtrend. Next support is at $66.41, a price that marks the 50% retracement level of the previous uptrend from $61.76 through the high of $71.05. Daily stochastics remain bearish and working […]
Technically Speaking: Corn | Soybeans | Wheat
April 8, 2018
Corn Cash: The DTN National Corn Index (NCI, national average cash price) closed at $3.54, up 3 1/4 cents for the week. The looks to be regaining its secondary (intermediate-term) uptrend with last week’s settlement above the previous high weekly close of $3.53 1/4. If cash corn falls back this coming week it would signal […]
Preparing for Weather Before It Strikes
April 6, 2018
The Issue of Severe Weather Not preparing for damaging storms is costly and potentially deadly. Severe weather can impact flights, road traffic, agriculture, the delivery of energy and the safety of the general public. Severe weather events are expected to be on the rise and with weather affecting nearly every industry, organizations need to seek […]
DTN’s Technical Analysis | ENERGY | Apr 6
April 6, 2018
Brent Crude Oil: The overnight market on ICE was $0.50 lower near $67.75. Though still in a minor (short-term) downtrend, the market is consolidating above support at $67.50. This price marks the 38.2% retracement level of the previous uptrend from $61.76 through the high of $71.05. A bearish breakout would suggest a test of the […]
DTN’s Technical Analysis | ENERGY | Apr 5
April 5, 2018
Brent Crude Oil: The overnight market on ICE was slightly lower near $68.00. The market remains in a minor (short-term) downtrend with support at $67.50. This price marks the 38.2% retracement level of the previous uptrend from $61.76 through the high of $71.05. The 50% retracement level is down at $66.41. Crude Oil: The overnight […]
Solutions For Commercial Fuel Buyer Challenges
April 4, 2018
Commercial fuel buyers are faced with the difficult task of making successful, timely decisions around fuel buying while maximizing every dollar spent on fuel. To make things more challenging, buyers are faced with major hurdles in the commercial fuel market such as: inadequate personnel resources, inefficient data management and limited visibility into allocations. Luckily, there […]
DTN’s Technical Analysis | ENERGY | Apr 4
April 4, 2018
Brent Crude Oil: The overnight market on ICE was $1.00 lower near $67.15. The market extended its minor (short-term) downtrend below support at $67.50. This price marks the 38.2% retracement level of the previous uptrend from $61.76 through the high of $71.05. The 50% retracement level is down at $66.41. Crude Oil: The overnight WTI […]
Meet a Met: Tanner Verstegen
April 3, 2018
@VerstegenWX University of Wisconsin-Madison – Atmospheric and Oceanic Sciences DTN Energy Meteorologist Has been with DTN for 2.5 years How did you end up working at DTN? Heard about DTN at a conference and was thrilled with the variety of clients they serve, looked like an exciting place to spend my days. What is […]
DTN’s Technical Analysis | ENERGY | Apr 3
April 3, 2018
Brent Crude Oil: The overnight market on ICE was slightly higher near $67.75. The market extended its minor (short-term) downtrend Monday with the spot-month contract testing support at $67.50. This price marks the 38.2% retracement level of the previous uptrend from $61.76 through the high of $71.05. The 50% retracement level is down at $66.41. […]
Spot Ethanol Prices Tumble as China Hikes Tariff
April 2, 2018
Spot ethanol prices declined sharply across the nation’s regional trade hubs on Monday after China imposed a 15% tariff on ethanol imported from the United States atop of an existing 30% tariff. “This may not stop the flow of ethanol in the long term, but for now people may hold off [buying],” said a trade […]
DTN’s Technical Analysis | ENERGY | Apr 2
April 2, 2018
Brent Crude Oil: The overnight market on ICE was $0.50 higher near $69.75. Though daily stochastics continue to indicate a minor (short-term) downtrend is in place, the spot-month contract is consolidating between resistance at the recent high of $71.05 and support at $68.86. The latter marks the 23.6% retracement level of the previous uptrend from […]
Technically Speaking: Corn | Soybeans | Wheat
March 30, 2018
Corn Cash: The DTN National Corn Index (NCI, national average cash price) closed at $3.50 3/4, up 10 1/2 cents for the week. Despite Thursday’s sharp gains that led to a higher weekly close, the NCI remains in a secondary (intermediate-term) downtrend on its weekly close-only chart. That being said, a test of the recent […]
DTN’s Technical Analysis | ENERGY | Mar 29
March 29, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $69.25. Wednesday’s selloff established a bearish crossover by daily stochastics above the overbought level of 80%, signaling a potential move to a minor (short-term) downtrend. Confirmation of such a move would be if the spot-month contract posts a new four-day low below Wednesday’s […]
DTN’s Technical Analysis | ENERGY | Mar 28
March 28, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $69.90. The market’s minor (short-term) uptrend looks to be nearing an end, with the spot-month contract backing away from the recent test of its previous high of $71.28. This puts daily stochastics in position for a bearish crossover that would signal a potential […]
Meet a Met: Cody Fishman
March 27, 2018
Cody Fishman @cody_fish21 Florida International University in Miami, FL – B.S. in Geoscience with a concentration in Atmospheric Science DTN Energy Meteorologist Has been with DTN for 2 years How did you end up working at DTN? I would email the DTN Meteorology Director occasionally asking about new job postings, and I also met […]
DTN’s Technical Analysis | ENERGY | Mar 27
March 27, 2018
Brent Crude Oil: The overnight market on ICE was $0.35 higher near $70.50. The market remains in a minor (short-term) uptrend and a secondary (intermediate-term) downtrend. The spot-month contract is testing the previous high of $71.28, while daily stochastics sit above the overbought level of 80%. This sets the stage for a possible secondary double-top […]
Technically Speaking: Corn | Soybeans | Wheat
March 26, 2018
Corn Cash: The DTN National Corn Index (NCI, national average cash price) closed at $3.40 1/4, down 4 1/2 cents for the week. The NCI remains in a secondary (intermediate-term) downtrend on its weekly close-only chart. Initial support is at $3.33 1/4, a price that marks the 38.2% retracement level of the previous uptrend from […]
DTN’s Technical Analysis | ENERGY | Mar 26
March 26, 2018
Brent Crude Oil: The overnight market (ICE) was $0.06 lower at $70.39. The market remains in a minor (short-term) uptrend and a secondary (intermediate-term) downtrend. The spot-month contract is testing the previous high of $71.28, while daily stochastics sit above the overbought level of 80%. This sets the stage for a possible secondary double-top pattern […]
DTN’s Technical Analysis | ENERGY | Mar 23
March 23, 2018
Brent Crude Oil: The overnight market on ICE was slightly higher near $69.00. The market remains in a minor (short-term) uptrend and a secondary (intermediate-term) three-wave downtrend. The spot-month contract continues to test minor resistance at $69.04, a price that marks the 76.4% retracement level of the previous downtrend from $71.28 through $61.77. A decisive […]
DTN’s Technical Analysis | ENERGY | Mar 22
March 22, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $69.25. The market remains in a minor (short-term) uptrend and a secondary (intermediate-term) three-wave downtrend. The spot-month contract continues to test minor resistance at $69.04, a price that marks the 76.4% retracement level of the previous downtrend from $71.28 through $61.77. A decisive […]
Oil Futures Extend Higher amid Bullish EIA Supply Data
March 21, 2018
New York Mercantile Exchange spot-month oil futures posted fresh highs in midmorning trade, rallying after the U.S. Energy Information Administration reported stock draws for domestic crude oil and products for the week-ended March 16. Commercial crude inventories were drawn down last week by 2.6 million bbl, according to the EIA data, while gasoline stockpiles fell […]
DTN’s Technical Analysis | ENERGY | Mar 21
March 21, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 higher near $68.25. The market remains in a minor (short-term) uptrend and a secondary (intermediate-term) three-wave downtrend. With daily stochastics nearing the overbought level of 80%, next minor resistance is pegged at $69.04. Crude Oil: The overnight WTI market was $0.50 higher near $64.00. The […]
Meet a Met: Wade Stettner
March 20, 2018
Wade Stettner @wadestettner University of North Dakota – Atmospheric Sciences Meteorologist – Sports & Rec Team Lead Has been with DTN since March 2000 What is your favorite part about being in MetOps? Working with the PGA Tour and LPGA. What is the most challenging part of being in MetOps? Dealing with the local […]
DTN’s Technical Analysis | ENERGY | Mar 20
March 20, 2018
Brent Crude Oil: The overnight market on ICE was 75cts higher, trading near a $66.92 two-week high. The spot-month contract is testing resistance at $66.52, the 50% retracement point for the January to February downtrend from $71.28 to February’s double bottom at $61.76-$61.77. Additional resistance is marked at $67.64, the 61.8% retracement point for the some […]
Corn Futures Drop Presses Spot Ethanol Prices Lower
March 19, 2018
A sharp drop in Chicago Board of Trade corn futures drove spot ethanol prices in Chicago and New York Harbor 0.75 cents lower in early trade Monday. “Corn is coming off hard because of rains in South America and the U.S. wheat market is also weak, so I’d say ethanol is following corn, with paper […]
DTN’s Technical Analysis | ENERGY | Mar 19
March 19, 2018
Brent Crude Oil: The overnight market on ICE was slightly lower near $66.00. The spot-month contract tested resistance at $66.52 on Friday with a $66.42 two-week high, with $66.52 the 50% retracement point for the January to February downtrend from $71.28 to February’s double bottom at $61.76-$61.77. Additional resistance is marked at $67.64, the 61.8% […]
Technically Speaking: Corn | Soybeans | Wheat
March 18, 2018
Corn Cash: The DTN National Corn Index (NCI, national average cash price) closed at $3.45, down 8 1/2 cent for the week.The has recently moved into a secondary (intermediate-term) downtrend on its weekly close-only chart, following a bearish crossover by weekly stochastics above the overbought level of 80%. Initial support is at $3.27 1/4, a […]
Wind Farm Safety
March 16, 2018
Wind Farms are strategically placed in areas around the world where heavy wind blows consistently to generate energy. The ideal spot for a wind farm is equally an ideal spot for severe weather, making it both dangerous and challenging for workers in this field. Employees performing maintenance on wind turbines are in high-risk environments if […]
DTN’s Technical Analysis | ENERGY | Mar 16
March 16, 2018
Brent Crude Oil: The overnight market on ICE was little changed near $65.25, consolidating within this week’s trading range. The spot-month contract has initial support at $64.01, the 23.6% retracement point for the January to February downtrend from $71.28 to February’s double bottom at $61.76-$61.77. Additional support is at the double bottom. Resistance is marked […]
Spot Ethanol Prices Decline at Argo, NYH on Excess Supply
March 15, 2018
Spot ethanol prices traded a penny lower Thursday afternoon in Chicago and the New York Harbor after coming under pressure from building supply levels. The Energy Information Administration on Wednesday reported U.S. ethanol stocks spiked during the week ended March 9 by 1.2 million bbl to a record high of 24.3 million bbl. In physical […]
DTN’s Technical Analysis | ENERGY | Mar 15
March 15, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 higher near $65.15. The market remains in a minor (short-term) sideways trend and a secondary (intermediate-term) three-wave downtrend. Wave C (third wave) of the latter should take the market below initial support at $60.85 to a test of next support at $54.40. Crude Oil: The […]
Recent Nor’easters – Onshore & Offshore Impacts
March 14, 2018
Update on the recent Nor’easters from our new Marine Meteorology Operations Team (formerly Wilkens Weather Technologies): After three major storm systems in a period of ten days, the news is abuzz with Nor’easters, and for good reason. The first storm, which hit portions of the Mid-Atlantic States and New England on March 2nd, brought wind […]
DTN’s Technical Analysis | Energy | Mar 14
March 14, 2018
Brent Crude Oil: The overnight market (ICE) was $0.31 higher at $64.95. The market remains in a minor (short-term) sideways trend and a secondary (intermediate-term) 3-wave downtrend. Wave C (third wave) of the latter should take the market below initial support at $60.85 to a test of next support at $54.40. Crude Oil: The overnight […]
Meet a Met: Joe Sullivan
March 13, 2018
Joe Sullivan Iowa State – Meteorology DTN Senior Meteorologist Has been with DTN for 15 ½ years What is your favorite part about being in MetOps? The people I work with! What is the most challenging part of being in MetOps? Forecasting for areas of the world with little to no weather data/observations. What […]
DTN’s Technical Analysis | ENERGY | Mar 13
March 13, 2018
Brent Crude Oil: The overnight market (ICE) was $0.18 higher at $65.13. The market remains in a minor (short-term) sideways trend and a secondary (intermediate-term) 3-wave downtrend. Wave C (third wave) of the latter should take the market below initial support at $60.85 to a test of next support at $54.40. Crude Oil: The overnight […]
DTN’s Technical Analysis | ENERGY | Mar 12
March 12, 2018
Brent Crude Oil: The overnight market (ICE) was $0.47 lower at $65.02. The market remains in a minor (short-term) sideways trend and a secondary (intermediate-term) 3-wave downtrend. Wave C (third wave) of the latter should take the market below initial support at $60.85 to a test of next support at $54.40. Crude Oil: The overnight […]
Advanced Solutions for Severe Weather-Related Game Delays
March 9, 2018
Sporting events are an exciting shared experience, packing thousands of spectators into an arena, with fans energized by the drama of the game and the promise of a thrilling win. But, when the weather becomes threatening, it’s you who has to make tough decisions about whether to delay play—and people’s very lives could depend on […]
DTN’s Technical Analysis | ENERGY | Mar 9
March 9, 2018
Brent Crude Oil: The overnight market (ICE) was $0.67 higher at $64.28. The market remains in a secondary (intermediate-term) 3-wave downtrend. Wave C (third wave) should take the market below initial support at $60.85 to a test of next support at $54.40. Crude Oil: The overnight WTI market was $.53 higher at $60.65. The market […]
DTN’s | Technical Analysis | Mar 8
March 8, 2018
Brent Crude Oil: In early trading, the market on ICE was $0.25 lower at $64. The market remains in a secondary (intermediate-term) three-wave downtrend. Wave C (third wave) should take the market below initial support at $60.85 to a test of next support at $54.40. Crude Oil: In early trading, the WTI market was $0.25 […]
U.S. Spot Ethanol Mixed After EIA Shows Higher Supply
March 7, 2018
Spot ethanol prices traded 0.5 cents higher in Chicago and New York Harbor Wednesday afternoon, with regional markets along the Gulf and West coasts dropping after the Energy Information Administration showed a 100,000 bbl supply build for U.S. ethanol stocks during the week-ended March 2. Regionally, EIA showed 100,000 bbl builds for the PADD 3 […]
Tariffs Muddy Outlook-Could Steal US Gasoline Demand
March 7, 2018
Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices. On the first of March and with the transition to April futures indexing in the primary wholesale gasoline market, early year expectations that strong economic growth would drive higher levels of gasoline demand were thrown in doubt by news the United States would impose tariffs […]
DTN’s Technical Analysis | ENERGY | Mar 7
March 7, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $65.50. Despite this week’s rally the market remains in a secondary (intermediate-term) three-wave downtrend. Wave C (third wave) should take the market below initial support at $60.85 to a test of next support at $54.40. Crude Oil: The overnight WTI market was $0.25 […]
Spot Ethanol Higher in Chicago, NYH Tuesday Afternoon
March 6, 2018
Spot ethanol prices in Chicago and the New York Harbor reversed higher Tuesday afternoon, boosted by modest gains for Chicago Board of Trade corn futures and seasonal strength for New York Mercantile Exchange RBOB futures. Prompt supply at the Kinder Morgan-operated Argo terminal in the Chicago market traded ten times during the aftermarket window at […]
Meet a Met: Scott Dumblauskas
March 6, 2018
Scott Dumblauskas Senior Energy Team Meteorologist Valparaiso University – Meteorology Has been with DTN for 10 years What is your favorite part about being in MetOps? The interaction with such a wide range of clients What is the most challenging part of being in MetOps? Getting to know exactly how weather impacts a client, […]
DTN’s Technical Analysis | ENERGY | Mar 6
March 6, 2018
Brent Crude Oil: The overnight market on ICE was $0.50 higher near $66. Despite this week’s rally the market remains in a secondary (intermediate-term) three-wave downtrend. Wave C (third wave) should take the market below initial support at $60.85 to a test of next support at $54.40. Crude Oil: The overnight WTI market was $0.50 […]
DTN’s Technical Analysis | ENERGY | Mar 5
March 5, 2018
Brent Crude Oil: The overnight market on ICE was flat near $64.25. The market posted a bearish outside range last week, indicating the end of Wave B (second wave) and beginning of Wave C (third wave) of a secondary (intermediate-term) three-wave downtrend. Wave C should take the market below initial support at $60.85 to a […]
D6 RINs Drop 10 Cents on Uncertainty Over RFS Reform
March 2, 2018
The renewable compliance market weakened sharply early Friday amid discussions in Washington, D.C., to reform the Renewable Fuel Standard. In the White House on Thursday, President Donald Trump met with several U.S. ethanol producers two days after hosting four Republican senators at odds over the RFS in an attempt to find a compromise between the […]
DTN’s Technical Analysis | ENERGY | Mar 2
March 2, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $63.50. This week’s bearish outside range looks to be the end of Wave B (second wave) and beginning of Wave C (third wave) of a secondary (intermediate-term) three-wave downtrend. Wave C should take the market below initial support at $60.85 to a test […]
DTN’s Technical Analysis | ENERGY | Mar 1
March 1, 2018
Brent Crude Oil: The overnight market on ICE was down 65cts near $64.00, gapping down on the spot continuous chart as May delivery rolls into the spot-month position. The spot-month contract is trading near a two-week low, testing support at $64.00, the 23.6% retracement point for the selloff from the January high of $71.28 to […]
US Biodiesel Producers Navigate Stormy Political Climate
February 28, 2018
The bankruptcy filing by a Philadelphia-based oil refinery has again heightened criticism of a federal program in the United States that mandates demand for renewable fuels in the transportation sector, sparking a clash among US Senators and renewed involvement by US President Donald Trump to settle the issue. Supporters of the Renewable Fuel Standard want […]
DTN’s Technical Analysis | ENERGY | Feb 28
February 28, 2018
Brent Crude Oil: The overnight market on ICE was slightly lower near $66.50 ahead of the April contract’s expiration this afternoon. Despite Tuesday’s lower close, the spot-month contract is in a short-term uptrend, with the five-day moving average recently crossing above the 20-day moving average. The spot-month contract is testing light support at $66.52, the […]
RINs Rally Amid No Deal in Trump Meeting to Reform RFS
February 27, 2018
RINs Rally Amid No Deal in Trump Meeting to Reform RFS The compliance credit market rallied on Tuesday after a White House meeting on the Renewable Fuel Standard, which ended today without a deal. President Donald Trump met with Republican senators to discuss potential reforms to the RFS program that may be of help to […]
Meet a Met: Kyle Koval
February 27, 2018
Kyle Koval @KrispyKremeWx DTN On-site Event Meteorologist University of Wisconsin: Milwaukee – Atmospheric Sciences Has been with DTN for 3 years What is your favorite part about being in MetOps? Interacting with our customers. Our forecasts are critical to the decisions our customers make. What is the craziest weather event you’ve experienced personally? Hands […]
DTN’s Technical Analysis | ENERGY | Feb 27
February 27, 2018
Brent Crude Oil: The overnight market on ICE was slightly lower near $67.50 ahead of the April contract’s expiration Wednesday afternoon. The spot-month contract has moved into a short-term uptrend, with the five-day moving average crossing above the 20-day moving average. The spot-month contract tested short-term resistance at the $67.64 61.8% retracement point for the […]
Spot Ethanol in Houston Surges 6cts on Exports, Logistics
February 26, 2018
Spot Ethanol in Houston Surges 6cts on Exports, Logistics Spot ethanol prices traded 6.0cts higher at $1.615 gallon in Houston amid talk of export demand and limited railcar capacity to deliver the product on a prompt basis. One trade source said railcars to the Gulf Coast can’t be found, especially in Dallas. The Houston market […]
DTN’s Technical Analysis | ENERGY | Feb 26
February 26, 2018
Brent Crude Oil: The overnight market on ICE was little changed near $67.25. The market still looks to be in Wave B (second wave) of a secondary (intermediate-term) three-wave downtrend on its weekly chart. Wave C should take the market below initial support at $60.85 to a test of next support at $54.40. Crude Oil: […]
DTN’s Technical Analysis | ENERGY | Feb 23
February 23, 2018
Brent Crude Oil: The overnight market on ICE was slightly lower near $66.25. The rally the last two week’s still looks to be Wave B (second wave) of a secondary (intermediate-term) three-wave downtrend on the market’s weekly chart. Wave C should take the market below initial support at $60.85 to a test of next support […]
Advanced Data Analysis Increases Bottom Line at Terminals
February 22, 2018
Operators of refined fuel terminals need significant amounts of timely data to function in a fast-paced, quickly evolving business environment. However, collecting a vast amount of terminal data isn’t useful if it cannot be analyzed, manipulated, and used to make informed businesses decisions. Next generation technological solutions can make terminal operations more efficient and flexible […]
DTN’s Technical Analysis | ENERGY | Feb 22
February 22, 2018
Brent Crude Oil: The overnight market on ICE was slightly lower near $65.25. The market remains in a secondary (intermediate-term) three-wave downtrend on its weekly chart. Wave 3 should take the market below initial support at $60.85 to a test of next support at $54.40. Crude Oil: The overnight WTI market was $0.25 lower near […]
DTN’s Technical Analysis | ENERGY | Feb 21
February 21, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $65. Despite last week’s rally the market remains in a secondary (intermediate-term) three-wave downtrend on its weekly chart. Wave 3 should take the market below initial support at $60.85 to a test of next support at $54.40. Crude Oil: The overnight WTI market […]
DTN’s Technical Analysis | ENERGY | Feb 20
February 20, 2018
Brent Crude Oil: The overnight market on ICE was $0.50 lower near $65.25. Despite last week’s rally the market remains in a secondary (intermediate-term) downtrend on its weekly chart. Initial support is at $60.85, a price that marks the 23.6% retracement level of the previous secondary uptrend from $27.10 through the high of $71.28. Crude […]
Meet a Met: Maggie Christopher
February 19, 2018
Maggie Christopher @WxWriterMaggie DTN Aviation Meteorologist Valparaiso University – Bachelors in Meteorology Started with DTN for just over 2 years ago What is your favorite part about being in MetOps? Being able to use my degree, but also being an aviation meteorologist, which was my goal since junior year of college. What’s the most challenging […]
DTN’s Technical Analysis | ENERGY | Feb 16
February 16, 2018
Brent Crude Oil: The overnight market on ICE was slightly higher near $64.50. The market’s short and intermediate trends are down, with the spot-month contract trading at a new four-week low of $61.76 this week. Initial support is marked at the $61.13 December low, and again at $60.99, the 38.2% retracement point for the June […]
Developing Australian Tropical System
February 15, 2018
Update on the developing Australian Tropical System from out new Marine Meteorology Operations Team: Although we are months from worrying about storms in the Atlantic, tropics are heating up Down Under. Tropical Low (01S) over northern Australia will bring heavy rainfall and gusty winds to portions of the Northern Territory (NT) and Western Australia (WA) […]
DTN’s Technical Analysis | Energy | Feb 15
February 15, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $64. The market’s short and intermediate trends are down, with the spot-month contract trading at a new four-week low of $61.76 this week. Initial support is marked at the $61.13 December low, and again at $60.99, the 38.2% retracement point for the June […]
Meet the Challenges Faced by Seasonal Blend Down
February 14, 2018
Preparing for the seasonal blend change can impact your operation in a major way, from requiring a fresh look at your inventory positions, to setting allocations, to pricing. For some suppliers, this change can prove to be challenging, and the pressure to turn your tanks by the government mandated deadline becomes essential in order to […]
DTN’s Technical Analysis | ENERGY | Feb 14
February 14, 2018
Brent Crude Oil: The overnight market on ICE was down $0.25 near $62.50. The market’s short and intermediate trends are down, with the spot-month contract trading at a new four-week low of $61.76 this week. Initial support is marked at the $61.13 December low, and again at $60.99, the 38.2% retracement point for the June […]
Meet a Met: Brad Nelson
February 13, 2018
BRAD NELSON @Brad_nado DTN On-Site Event Meteorologist & Safety Markets Team Lead St. Cloud State University – Meteorology and Environmental Studies Started at DTN in June 2004 What is the craziest weather event you’ve experienced personally? So many to choose from! If I had to pick, it would be coming face-to-face with the El […]
DTN’s Technical Analysis | ENERGY | Feb 13
February 13, 2018
Brent Crude Oil: The overnight market on ICE was flat near $62.50. The market’s secondary (intermediate-term) trend remains down on its weekly chart, with initial support at $60.85. This price marks the 23.6% retracement level of the previous secondary uptrend from $27.10 through the high of $71.28. Crude Oil: The overnight WTI market was $0.25 […]
Intelligent Weather Insights for Better Flight Planning Decisions
February 12, 2018
Weather has a considerable influence on successful aviation operations. It is one of the most crucial factors in ensuring timeliness, efficiency and safety. Unexpected conditions like lightning, turbulence and precipitation can delay travel times and jeopardize the safe transport of passengers, crew and cargo. Gathering weather insights from experts in the field makes it easier […]
DTN’s Technical Analysis | ENERGY | Feb 12
February 12, 2018
Brent Crude Oil: The overnight market on ICE was $0.85 higher near $63.65. While the market’s secondary (intermediate-term) trend remains down on its weekly chart, the minor (short-term) trend looks to be turning up on the daily chart. After testing secondary support at $60.85 with last week’s low of $61.77, the spot-month contract has rallied […]
Technically Speaking: Corn | Soybeans | Wheat
February 12, 2018
Corn Corn (Cash): The DTN National Corn Index (NCI, national average cash price) closed at $3.31 1/2, up 3/4 cent for the week. The NCI looks to be nearing the peak of its secondary (intermediate-term) uptrend as it tests resistance at $3.33 1/2 (last week’s high was $3.34 3/4). This price marks the 61.8% retracement […]
DTN’s Technical Analysis | ENERGY | Feb 9
February 9, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 lower near $64.25. The market continues to extend its recently established secondary (intermediate-term) downtrend, with initial support pegged at $60.85. This price marks the 23.6% retracement level of the previous secondary uptrend from $27.10 through the high of $71.28. Crude Oil: The overnight WTI market […]
Regaining Control Over Your Fuel Data
February 8, 2018
As technology advances and business grows, you may feel like your fuel data is coming at you from a thousand different sources, in myriad ways and in countless formats. Streamlining and managing that data can change the game. In the past, automation of fuel accounting processes was only partially effective and often cumbersome. That has […]
DTN’s Technical Analysis | ENERGY | Feb 8
February 8, 2018
Brent Crude Oil: The overnight market on ICE was $0.50 lower near $65. The market continues to extend its recently established secondary (intermediate-term) downtrend, with initial support pegged at $60.85. This price marks the 23.6% retracement level of the previous secondary uptrend from $27.10 through the high of $71.28. Crude Oil: The overnight WTI market […]
DTN’s Technical Analysis | ENERGY | Feb 7
February 7, 2018
Brent Crude Oil: The overnight market on ICE was flat at $66.75. The market has confirmed a move to a secondary (intermediate-term) downtrend as the spot-month contract posted a new four-week low of $66.53 Tuesday. Initial support is now pegged at $60.85, the 23.6% retracement level of the previous secondary uptrend from $27.10 through the […]
DTN’s Technical Analysis | ENERGY | Feb 6
February 6, 2018
Brent Crude Oil: The overnight market on ICE was $0.80 lower near $66.75. The market has confirmed a move to a secondary (intermediate-term) downtrend as the spot-month contract posted a new four-week low of $66.79 overnight into early Tuesday morning. Initial support is now pegged at $60.85, the 23.6% retracement level of the previous secondary […]
Oil Breakout in 2017 to Gain Momentum in 2018
February 5, 2018
Early in 2018, the U.S. and international crude price benchmarks—West Texas Intermediate and Brent—spiked to price levels last seen in December 2014, as upside momentum from the fourth quarter 2017 accelerated in January on a plethora of factors, including strong economic growth expectations across the world that would yield sharply higher energy consumption. In late […]
DTN’s Technical Analysis | ENERGY | Feb 5
February 5, 2018
Brent Crude Oil: The overnight market on ICE was down nearly $1 at $67.75, trading at a $67.60 four-week low overnight. The spot-month contract is testing support at $67.60, the 38.2% retracement point for the uptrend from the December $61.13-$61.15 double bottom low to the January high of $71.28. Additional support is marked at $66.20, […]
Technically Speaking: Corn | Soybeans | Wheat
February 4, 2018
Corn Corn (Cash): The DTN National Corn Index (NCI, national average cash price) closed at $3.30 3/4, up 5 1/2 cents for the week. The NCI remains in a secondary (intermediate-term) uptrend on its weekly close-only chart. However weekly stochastics are above 80%, indicating a sharply overbought situation and in position for a bearish crossover, […]
Harmattan Winds & Dust Return to Africa
February 2, 2018
It’s that time of year again when cold air from the mid-latitudes surges into the tropics. The effect in Africa is a strong east to northeast wind from the Chad basin to Mauritania and northern Gabon called the Harmattan. Harmattan winds blow west to southwestward from the Sahara, with enough strength to carry desert sand […]
9 Tips for Smarter Spraying
February 2, 2018
Time and weather can limit how well you accomplish your spray program. Make the most of your resources with these nine tips designed to help keep your applications on target, maximize their effectiveness, and avoid trouble. 1. Start with the right nozzle Choose the right nozzle tip for the job you want to do. Check […]
DTN’s Technical Analysis | ENERGY | Feb 2
February 2, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $69.50. Brent crude remains quiet early in February, holding within its January range of $71.28 to $66.24. Monthly stochastics continue to show the market is sharply overbought long-term, yet a bullish forward curve continues to provide support, leading to a stalemate. Crude Oil: […]
Expect Gasoline Prices to Increase into Spring, Maybe Summer
February 1, 2018
In the wholesale gasoline spot market in southern California, trading moved to the low summer-grade Reid vapor pressure rating on the last day of January, well ahead of the rest of the country, with RVP measuring the release of volatile organic compounds into the atmosphere. The higher the ambient temperature, the greater the release of […]
DTN’s Technical Analysis | ENERGY | Feb 1
February 1, 2018
Brent Crude Oil: The overnight market on ICE was $0.50 higher near $69.50. Brent crude did not establish a bearish crossover by monthly stochastics above the overbought level of 80% to close out the month. Therefore it looks like the market could consolidate in early February before possibly establishing a bearish turn signal at the […]
EIA: Crude Stocks Build Tops Calls, 1st Increase in 11 Wks
January 31, 2018
The Energy Information Administration this morning reported the first build in domestic crude supplies in 11 weeks, with the increase surpassing estimates. The agency also reported larger-than-expected draws in gasoline and distillate stockpiles during the week-ended Jan. 26. EIA reported a 6.8 million bbl jump in commercial crude oil stocks to 418.4 million bbl in […]
DTN’s Technical Analysis | ENERGY | Jan 31
January 31, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $68.75. It will be interesting to see if the spot-month contract moves low enough Wednesday to establish a bearish crossover by monthly stochastics above the overbought level of 80% to close out the month. If so it would signal the major (long-term) trend […]
DTN’s Technical Analysis | ENERGY | Jan 30
January 30, 2018
Brent Crude Oil: The overnight market on ICE was $0.40 lower near $69. The market’s major (long-term) uptrend remains in place with next resistance pegged at $77.75, a price that marks the 50% retracement level of the previous downtrend from $128.40 through the low of $27.10. Support continues to come from long-term bullish fundamentals indicated […]
Enforcing Credit at the Rack
January 29, 2018
For suppliers, there is no greater asset than their product. Even when they no longer have physical possession of it, it is critical that they control who does. With expensive loads and tight margins, suppliers in the industry need to better manage their credit at the rack. In order to better keep track of product, […]
DTN’s Technical Analysis | ENERGY | Jan 29
January 29, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 lower near $69.75. The market’s major (long-term) uptrend remains in place. Next resistance is pegged at $77.75, a price that marks the 50% retracement level of the previous downtrend from $128.40 through the low of $27.10. Support continues to come from long-term bullish fundamentals indicated […]
DTN’s Technical Analysis | ENERGY | Jan 26
January 26, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $70.25. The market’s major (long-term) uptrend continues to strengthen with the spot-month contract pushing to a new high of $71.20 overnight. Next resistance is pegged at $77.75, a price that marks the 50% retracement level of the previous downtrend from $128.40 through the […]
DTN’s Technical Analysis | ENERGY | Jan 25
January 25, 2018
Brent Crude Oil: The overnight market on ICE was just below $71.00, up nearly $0.50. The market’s major (long-term) uptrend continues to strengthen with the spot-month contract pushing to a new high of $71.20 overnight. Next resistance is pegged at $77.75, a price that marks the 50% retracement level of the previous downtrend from $128.40 […]
Streamlining Operations with Cutting-Edge Terminal Automation Systems
January 24, 2018
Terminals aren’t just a cost center anymore—they’ve evolved into an integral stop in the fuel supply chain and a place of tremendous operational and inventory complexity. As such, control and visibility in terminal operations are more important today than ever. Compliance, credit checks, product allocations, and inventory must all be closely managed to ensure profitability, […]
DTN’s Technical Analysis | ENERGY | Jan 24
January 24, 2018
Brent Crude Oil: The overnight market on ICE was slightly lower near $69.75. The market is showing few conclusive technical patterns at this time, with the most common feature being overbought stochastics on its monthly (long-term) and weekly (intermediate-term) charts. It remains to be seen whether Brent crude can actually establish a downtrend on any […]
DTN’s Technical Analysis | ENERGY | Jan 23
January 23, 2018
Brent Crude Oil: The overnight market on ICE was $0.25 higher near $69.25. The market is showing few conclusive technical patterns at this time, with the most common feature being overbought on its monthly (long-term) and weekly (intermediate-term) charts. It remains to be seen whether Brent crude can actually establish a downtrend on any of […]
DTN’s Technical Analysis | ENERGY | Jan 22
January 22, 2018
Brent Crude Oil: The overnight market on ICE was little changed near $68.50. The market is showing few conclusive technical patterns at this time, with the most common feature being overbought on its monthly (long-term) and weekly (intermediate-term) charts. It remains to be seen whether Brent crude can actually establish a downtrend on any of […]
DTN’s Technical Analysis | ENERGY | Jan 19
January 19, 2018
Brent Crude Oil: The overnight market on ICE was down 75cts near $68.50. The market remains under selling pressure after posting a $70.37 three-year high this week, trading at a $68.30 10-day low overnight. Retracement support for the June to January uptrend is found at $64.23. The major (long-term) trend remains up, although the short-term […]
Oil Futures Pressured as Non-OPEC Supply Outlook is Lifted
January 18, 2018
NEW YORK (DTN) — New York Mercantile Exchange spot-month oil futures moved mostly down Thursday morning after the Organization of the Petroleum Exporting Countries this morning revised up its oil supply forecast for non-OPEC producers. In its Monthly Oil Market Report for January released today, non-OPEC supply is projected to increase 1.15 million bpd year-on-year […]
DTN’s Technical Analysis | ENERGY | Jan 18
January 18, 2018
Brent Crude Oil: The overnight market on ICE was flat near $69.50. The market’s minor (short-term) trend still looks to have turned down. Daily stochastics have recently established a bearish crossover above 90%, with the spot-month contract posting a new four-day low of $68.83 Wednesday. However, the major (long-term) trend remains up. Crude Oil: The […]
DTN’s Technical Analysis | ENERGY | Jan 17
January 17, 2018
Brent Crude Oil: The overnight market on ICE was just below $69, down $0.25. The market’s minor (short-term) trend looks to have turned down again. Tuesday’s lower close led to another bearish crossover by daily stochastics above the overbought level of 80%, with the overnight low (as of this writing) of $68.55 a new four-day […]
Online vs. Professional Weather Services for Aviation: There is No Comparison
January 16, 2018
Why Pay for Professional Services? There are plenty of free online resources for weather information. But for flight operations, too much depends on the weather—your equipment, your schedule, your bottom line, and your people—to settle for anything less than the most accurate and detailed information available. You need precise, real-time, aviation-specific weather intelligence to make […]
DTN’s Technical Analysis | ENERGY | Jan 16
January 16, 2018
Brent Crude Oil: The overnight market on ICE was $0.75 lower near $69.50. The market remains in a major (long-term) uptrend on its monthly chart with the spot-month extending the move beyond resistance at $65.80. This price marks the 38.2% retracement level of the previous major downtrend from $128.40 through the low of $27.10. Next […]
Up, Up, and Away! Gasoline Rallies into 2018
January 15, 2018
There were only two sessions in 2017 in which nearest delivered New York Mercantile Exchange gasoline futures traded higher than where they are currently in early 2018, and those two days occurred in late August as Hurricane Harvey was ravishing the Texas coastline, triggering widespread supply shortages. As the calendar turned to 2018, NYMEX reformulated […]
DTN’s Technical Analysis | ENERGY | Jan 12
January 12, 2018
Brent Crude Oil: The overnight market on ICE was $0.50 lower near $68.75. The market remains in a major (long-term) uptrend on its monthly chart with the spot-month extending the move beyond resistance at $65.80. This price marks the 38.2% retracement level of the previous major downtrend from $128.40 through the low of $27.10. Next […]
DTN’s Technical Analysis | ENERGY | Jan 11
January 11, 2018
Brent Crude Oil: The overnight market on ICE was slightly higher near $69.25. The market remains in a major (long-term) uptrend on its monthly chart with the spot-month extending the move beyond resistance at $65.80. This price marks the 38.2% retracement level of the previous major downtrend from $128.40 through the low of $27.10. Next […]
Buying Fuel in Today’s Challenging Market
January 10, 2018
Intraday price changes and market volatility have made it increasingly difficult to fuel successful fuel buying decisions. To make things more challenging, the high-volume, low-margin business environment has made accuracy and efficiency in your buying decisions critical for profitability. To optimize margins and boost overall productivity, having access to the latest, best market information is […]
DTN’s Technical Analysis | ENERGY | Jan 10
January 10, 2018
Brent Crude Oil: The overnight market on ICE was $0.50 higher near $69.35. The market remains in a major (long-term) uptrend on its monthly chart with the spot-month extending the move well beyond resistance at $65.80. This price marks the 38.2% retracement level of the previous major downtrend from $128.40 through the low of $27.10. […]
Extreme Weather: Preparing for the Unpredictable
January 9, 2018
Severe weather is inevitable, and research shows it is occurring more frequently than in the past. While extreme weather is nothing new, its impact on individuals, businesses and government agencies are real – especially with an uptick in the occurrence of extreme rain and flooding. Furthermore, these patterns have led to increased weather-related losses over […]
DTN’s Technical Analysis | ENERGY | Dec 9
January 9, 2018
Brent Crude Oil: The overnight market on ICE was little changed near $67.75. The nearest delivered contract traded at a fresh 30-month high of $68.29 overnight, consistent with the market’s long-term uptrend. Initial resistance is found at $69.63, the 2015 high on the spot continuation chart. A move through initial resistance opens the door for […]
DTN’s Technical Analysis | Energy | Jan 8
January 8, 2018
Brent Crude Oil: The overnight market on ICE was slightly higher near $67.75. The market remains in a major (long-term) uptrend on its monthly chart with the spot-month extending the move well beyond resistance at $65.80. This price marks the 38.2% retracement level of the previous major downtrend from $128.40 through the low of $27.10. […]
DTN’s Technical Analysis | ENERGY | Jan 5
January 5, 2018
Brent Crude Oil: The overnight market on ICE was $0.65 lower near $67.50. The market is indicating, again, a possibly rollover to a minor (short-term) downtrend on its daily chart. Stochastics are in position for a bearish crossover above the overbought level of 80%, though this happened before with no effect on the minor trend […]
DTN’s Technical Analysis | ENERGY | Jan 4
January 4, 2018
Brent Crude Oil: The overnight market on ICE was unchanged near $67.85. The market’s major (long-term) trend remains up on its monthly chart, extending well beyond resistance at $65.80. This price marks the 38.2% retracement level of the previous downtrend from $128.40 through the low of $27.10. However, monthly stochastics are above 90%, indicating a […]
DTN’s Technical Analysis | ENERGY | Jan 3
January 3, 2018
Brent Crude Oil: The overnight market on ICE was about $0.40 higher near $67. The market’s major (long-term) trend remains up on its monthly chart, extending well beyond resistance at $65.80. This price marks the 38.2% retracement level of the previous downtrend from $128.40 through the low of $27.10. However, monthly stochastics are above 90% […]
US Biodiesel Market’s Inescapable Link with Federal Policy
January 2, 2018
Volatility in the US biodiesel market intensified in December following the final rule on mandated demand for renewable fuels in 2018 released by the Environmental Protection Agency on November 30, with the biodiesel industry disappointed that EPA, the administrator of the Renewable Fuel Standard, didn’t set the required quantity of biomass-based diesel under the federal […]
DTN’s Technical Analysis | ENERGY | Jan 2
January 2, 2018
Brent Crude Oil: The overnight market on ICE was little changed near $66.95. The market’s major (long-term) trend remains up on its monthly chart, extending well beyond resistance at $65.80. This price marks the 38.2% retracement level of the previous downtrend from $128.40 through the low of $27.10. However, monthly stochastics are above 90% indicating […]
DTN’s Technical Analysis | ENERGY | Dec 29
December 29, 2017
Brent Crude Oil: The overnight market on ICE was slightly higher near $66.25. The market’s major (long-term) trend remains up on its monthly chart. The spot-month contract is holding above resistance at $65.80, a price that marks the 38.2% retracement level of the previous downtrend from $128.40 through the low of $27.10. Monthly stochastics are […]
Better Turbulence Forecasting for Smoother Rides
December 28, 2017
Turbulence Forecasting Turbulence forecasting when not backed by years of research can leave aviation-related businesses vulnerable to operational issues. Although “shaking” in the wind may be the end result when businesses lack the most accurate turbulence forecasting, dealing with the repercussions of inadequate turbulence forecasting certainly leaves them abandoned to a bad situation – or […]
DTN’s Technical Analysis | ENERGY | Dec 28
December 28, 2017
Brent Crude Oil: The overnight market on ICE was little changed near $66.50. The market’s major (long-term) trend remains up on its monthly chart. The spot-month contract is sitting above resistance at $65.80, a price that marks the 38.2% retracement level of the previous downtrend from $128.40 through the low of $27.10, though it will […]
The Hidden Benefits of Further Automating Your Supplier Reconciliation Process
December 27, 2017
Like most organizations in the industry, you probably have automated the supplier reconciliation process in one form or another. But how much cost and time could you save if you automated your accounts payable tasks even further? How many opportunities are you missing to differentiate yourself? Supplier invoice reconciliation has been taken to the next […]
DTN’s Technical Analysis | ENERGY | Dec 27
December 27, 2017
Brent Crude Oil: The overnight market on ICE was nearly $1 lower just above $66. The market’s major (long-term) trend remains up on its monthly chart. The spot-month contract is testing resistance at $65.80, a price that marks the 38.2% retracement level of the previous downtrend from $128.40 through the low of $27.10. Meanwhile, monthly […]
DTN’s Technical Analysis | ENERGY | Dec 26
December 26, 2017
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $65. The spot-month contract continues to grind toward a test of the recent spike high of $65.83. Despite the previous bearish crossover by daily stochastics, this momentum study is once again near the overbought level of 80%. Should this dynamic spark a minor […]
DTN’s Technical Analysis | ENERGY | Dec 22
December 22, 2017
Brent Crude Oil: The overnight market (ICE) was $0.28 lower at $64.62. The spot-month contract is holding below the spike high of $65.83 from last week. With the market continuing to indicate a minor (short-term) downtrend, longer-term support remains at the 23.6% retracement level of $59.86. However, the market is actually gaining upside momentum due […]
eBOLS: Fact, Fiction, and Future
December 21, 2017
If you do business at even 20 terminals, chances are you’ll see at least 10 different varieties of paper bills of lading (BOLs). They come in various shapes and sizes, and also present a variety of challenges. They get damaged. They’re late. They get lost. They’re difficult to read and easy to misread. Not to […]
DTN’s Technical Analysis | ENERGY | Dec 21
December 21, 2017
Brent Crude Oil: The overnight market (ICE) was $0.05 lower at $64.51. The spot-month contract continues to hold below the spike high of $65.83 from last week. With the market continuing to indicate a minor (short-term) downtrend, longer-term support remains at the 23.6% retracement level of $59.86. However, the market is actually gaining upside momentum […]
DTN’s Technical Analysis | ENERGY | Dec 20
December 20, 2017
Brent Crude Oil: The overnight market (ICE) was $0.02 higher at $63.82. The spot-month contract continues to hold below the spike high of $65.83 from last week with minor (short-term) support still at the 4-day low of $62.01. With the market continuing to indicate a minor (short-term) downtrend, longer-term support remains at the 23.6% retracement […]
Importance of Hands-on Forecasting
December 19, 2017
With weather conditions becoming increasingly volatile each year, reliable forecasting experts on the always-changing conditions are becoming invaluable to many different industries. Relying on a free weather app to get the latest weather information is proven to be delayed and can lead to conflicting weather reviews. By investing in a professional meteorologist consultant, weather doesn’t […]
DTN’s Technical Analysis | ENERGY | Dec 19
December 19, 2017
Brent Crude Oil: The overnight market (ICE) was $0.20 higher at $63.61. The spot-month contract continues to hold below the spike high of $65.83 from last week with minor (short-term) support now at the 4-day low of $62.01. With the market still indicating a minor (short-term) downtrend, longer-term support remains at the 23.6% retracement level […]
Top Events Affecting the Oil & Gas Markets in 2017
December 18, 2017
Events in the oil and gas industries during 2017 ranged from consequential to historic, and will have wide ranging implications for the United States and countries around the globe for years to come. Continuing a trend of disruption, the US energy renaissance has upended global trade flows, with far reaching consequences for energy consuming and […]
DTN’s Technical Analysis | ENERGY | Dec 18
December 18, 2017
Brent Crude Oil: The overnight market (ICE) was $0.13 higher at $63.36. The spot-month contract continues to hold below the spike high of $65.83 from last week with minor (short-term) support now at the 4-day low of $62.01. With the market still indicating a minor (short-term) downtrend, longer-term support is still pegged at the 23.6% […]
DTN’s Technical Analysis | ENERGY | Dec 15
December 15, 2017
Brent Crude Oil: The overnight market on ICE was slightly higher near $63.35. The spot-month contract continues to hold below the spike high of $65.83 from earlier this week, with minor (short-term) support still at the recent low of $61.13. Crude Oil: The overnight WTI market was $0.25 higher near $57.25. Despite higher overnight trade […]
Selling Fuel in Today’s Challenging Market
December 14, 2017
There’s no shortage of challenges for today’s fuel sellers. Intra-day price changes, market volatility, and keeping up with the pace of change are enough to keep your hands full. To better help you survive and thrive in today’s challenging industry environment, it’s critical to have the tools and technology available. There’s nothing more essential to […]
DTN’s Technical Analysis | ENERGY | Dec 14
December 14, 2017
Brent Crude Oil: The overnight market on ICE was $0.25 lower near $62.20. The spot-month contract continues to fall back from the spike rally seen earlier this week, nearing support at the recent low of $61.13. If this support doesn’t hold, the next minor (short-term) target is down at $59.86. Crude Oil: The overnight WTI […]
DTN’s Technical Analysis | ENERGY | Dec 13
December 13, 2017
Brent Crude Oil: The overnight market (ICE) was $0.44 higher at $63.77. Brent crude’s daily chart isn’t showing much in the way of clear technical signals. However, the market’s major (long-term) trend is up with the spot-month contract falling back from its test of resistance at $65.80. Monthly stochastics are above 90%, indicating a sharply […]
DTN’s Technical Analysis | ENERGY | Dec 12
December 12, 2017
Brent Crude Oil: The overnight market (ICE) was $1.00 higher at $65.70. Monday saw Brent crude break through its old high at $64.65, extending the market’s major (long-term) uptrend to a test of resistance on its monthly chart at $65.80. Monthly stochastics are now above 90%, indicating a sharply overbought situation and in position for […]
Manage price risk with six key factors
December 11, 2017
Many people find price-risk management concepts intimidating; even the pros sometimes have to stop and think about them. We’ve demystified the process with our proven, unbiased DTN Six Factors market strategies. DTN Six Factors is our proprietary approach to the challenge. Its most important feature is its simplicity. Literally thousands of factors may move the […]
Being Proactive About Power Outages
December 11, 2017
The United States is consuming more energy than ever before and more than one-third of all power outages are due to lightning. In a nation that is reliant on the consistent delivery of electricity, power outages are a great inconvenience. The time is now to seek smart solutions to increase the reliability of energy as […]
DTN’s Technical Analysis | ENERGY | Dec 11
December 11, 2017
Brent Crude Oil: The overnight market ON ICE was $0.25 higher near $63.65. A higher close Monday would be three sessions against the prevailing minor (short-term) downtrend, not an unusual development. Key will be if the market holds below the previous high of $64.32, which itself was below the previous uptrend’s high of $64.65, to […]
DTN’s Technical Analysis | ENERGY | Dec 8
December 8, 2017
Brent Crude Oil: The overnight market on ICE was $1.00 higher near $63.25. The spot-month contract is posting a second day up against the prevailing minor (short-term) downtrend. The market continues to hold above initial support at the Nov. 17 low of $61.08, with the target still down at $59.86. Crude Oil: The overnight WTI […]
DTN’s Technical Analysis | ENERGY | Dec 7
December 7, 2017
Brent Crude Oil: The overnight market on ICE was $0.35 higher near $61.50. The market’s minor (short-term) trend on its daily chart remains down. The spot-month contract posted a new four-day low of $61.13 Wednesday, holding above the previous low of $61.08 from Nov. 17. Next support is down at $59.86. Daily stochastics remain bearish. […]
DTN’s Technical Analysis | ENERGY | Dec 6
December 6, 2017
Brent Crude Oil: The overnight market on ICE was $0.65 lower near $62.20. The market’s minor (short-term) trend on its daily chart remains down. The spot-month contract posted a new four-day low of $62.12 Tuesday before rallying. Next support is down at $59.86. Daily stochastics remain bearish. Crude Oil: The overnight WTI market was $0.75 […]
DTN’s Technical Analysis | ENERGY | Dec 5
December 5, 2017
Brent Crude Oil: The overnight market (ICE) was $0.17 lower at $62.28. The market’s minor (short-term) trend on its daily chart remains down. The spot-month contract posted a new 4-day low of $62.12 overnight. Next support is down at $59.86. Daily stochastics remain bearish below the overbought 80% mark. Crude Oil: The overnight WTI market […]
Plunge in Gasoline Demand over Thanksgiving Sparks Selling
December 4, 2017
Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices Gasoline futures closest to physical delivery ended November at a two-week low following disappointing demand over the Thanksgiving Day holiday while a closely watched and much anticipated meeting by the Organization of the Petroleum Exporting Countries and 10 non-OPEC oil producing countries including Russia failed […]
DTN’s Technical Analysis | ENERGY | Dec 4
December 4, 2017
Brent Crude Oil The overnight market (ICE) was $0.53 lower at $63.20. The market’s minor (short-term) trend on its daily chart remains down with support at the 4-day low of $62.50. Daily stochastics remain bearish below the overbought 80% mark, having already established initial and confirming crossovers above this level. Crude Oil: The overnight WTI […]
What Will Climate Change Mean for Your Business?
December 1, 2017
Climate change may have more of an impact on your business than you think. Over the last century, scientists have documented clear evidence that our plant’s climate is steadily growing warmer. Whether this is the result of human activity, natural processes, or a combination of the two is still not certain. What we do know […]
DTN’s Technical Analysis | ENERGY | Dec 1
December 1, 2017
Brent Crude Oil: The overnight market (ICE) was $0.46 higher at $63.09. The market’s minor (short-term) trend on its daily chart remains down, though the spot-month contract was able to hold above its 4-day low of $62.50 during Thursday’s sell-off. Daily stochastics remain bearish below the overbought 80% mark, having already established initial and confirming […]
DTN’s Technical Analysis | ENERGY | Nov 30
November 30, 2017
Brent Crude Oil The overnight market on ICE was $1.00 higher near $64.00. While the market’s minor (short-term) trend on its daily chart remains down, the spot-month contract is set to challenge the high of $64.64 once again. Daily stochastics are nearing the overbought 80% mark, having already established initial and confirming crossovers above this […]
The Benefits of Arbitrage
November 30, 2017
Savvy fuel buyers know how and when to practice arbitrage—buying something in one market or option and simultaneously selling it in another market or option at a higher price— to increase their volume and profitability. Arbitrage, or arb, opportunities could come from several different sources: Making the Best Buy at a Single Rack—There’s nothing wrong […]
DTN’s Technical Analysis | ENERGY | Nov 29
November 29, 2017
Brent Crude Oil The overnight market on ICE was slightly lower near $63.55. Based on the market’s one-hour chart, spot Brent looks to be in a downtrend, indicating a lower close Wednesday. Key will be how the contract reacts during the 5:00 hour (CT) and its close in relation to the 4:00 hourly of $62.95. […]
DTN’s Technical Analysis | ENERGY | Nov 21
November 21, 2017
OMAHA (DTN) — Brent Crude Oil The overnight market on ICE was slightly lower near $62.15. The market remains in a minor (short-term) downtrend on its daily chart. Initial support is at $59.86, a price that marks the 23.6% retracement level of the previous minor uptrend from $44.35 through the high of $64.65 posted on […]
DTN’s 2017 Thanksgiving Drive Outlook
November 20, 2017
Travel expected to reach a 12-year high despite rising gasoline prices Higher gasoline prices not slowing travel Prices for gasoline sold at retail outlets across the United States have been on an upswing in November, but the Thanksgiving holiday travel period has little to do with the increase. Despite rising prices, more Americans are expected […]
DTN’s Technical Analysis – ENERGY
November 20, 2017
OMAHA (DTN) — Brent Crude Oil The overnight market on ICE was $0.75 lower near $62.00. Despite last Friday’s rally the market remains in a minor (short-term) downtrend on its daily chart. Initial support is at $59.86, a price that marks the 23.6% retracement level of the previous minor uptrend from $44.35 through the high […]
Oil Futures Rally on Saudi Comment on Extending Output Cut
November 17, 2017
NEW YORK (DTN) — New York Mercantile Exchange spot-month oil futures snapped a three-day losing streak and rallied Friday morning on bullish comments from Saudi Arabia and on a weakening U.S. dollar, although the oil complex is so far looking to post its first weekly loss in 1-1/2 months. Saudi Arabian energy minister Khalid al-Falih […]
Midwest Lawmakers Blitz White House as EPA seeks Lower Biodiesel Mandate
November 17, 2017
US senators, representatives and state governors largely from the Midwest took the White House by storm in mid-October in response to a late September notice from the US Environmental Protection Agency seeking data and comments for the justification in reducing the volume requirement for biomass-based diesel under the Renewable Fuel Standard. On July 5, EPA […]
Better Communication Around Supply Availability at the Rack
November 15, 2017
Few things cause more frustration at the rack than when a customer arrives to get product, only to find that the product isn’t available. And yet, many suppliers and their customers still rely on manual methods and assumptions for this critical task. If a customer sees they have an allocation in the supplier’s allocation viewer, […]
Making Roads Safer Through New Mobile Sensor Technology
November 14, 2017
Every year, around 20 percent of all crashes, injuries and fatalities on the road are weather related and more than 30 billion hours are lost due to weather-related congestion. Many transportation officials are turning to new mobile sensor technology to deliver precise weather measurements faster and in more locations to reduce the number of weather-related […]
Tools for Traders
November 9, 2017
Current geopolitical and economic factors are more volatile than ever – creating a challenging environment for traders. The tension between globalization and protectionism has created extreme uncertainty and upended the economic status quo. From Brexit to Trump to the unpredictable political landscape in France and Germany, the allegiance to globalization is being tested and if […]
The Potential Effects of Colonial’s Line 25 Closure
November 8, 2017
Recently, Colonial Pipeline announced it will close its line 25 — which provides service to Roanoke, Virginia — due to concerns over the line’s condition. This could significantly impact fuel buyers and sellers in the region. In this blog, we’ll examine likely challenges and how to minimize them with advanced technology. Buying fuel Fuel marketers will […]
WTI, Brent Futures Rally to 28mo. Highs on Saudi Crackdown
November 6, 2017
CRANBURY, N.J. (DTN) — West Texas Intermediate futures on the New York Mercantile Exchange and Brent crude on the Intercontinental Exchange rallied to fresh 28-month highs early Monday amid a tightening oil market and on news of a corruption crackdown in Saudi Arabia that is being viewed as ridding rivals and opponents of Crown Prince […]
US Gasoline Prices moving Higher in November
November 6, 2017
As we head toward the holiday season, gasoline prices in the United States are doing something they typically don’t do this time of year–advance. Several factors are driving the atypical price increase in early November that, as they say in trading lingo, has legs. After a steady decline from early September through October, U.S. retail […]
Home Heating Oil Outlook: Winter 2017-2018
October 31, 2017
U.S. consumers using heating oil for space heating can expect to pay more for the fuel during the 2017-2018 Winter than the previous season, as higher crude oil prices and an outlook for colder weather boost wholesale costs. The largest concentration of home heating oil consumers reside in the U.S. Northeast, which includes states in […]
Critical Price Assessments with the DTN Excel Add-In
October 24, 2017
DTN ProphetX’s price assessment tool is second to none for better market analysis in this ever-changing industry. With it, industry professionals can make more profitable decisions with innovative analysis, unmatched trading intelligence, and up-to-the-minute insight into market-moving events. It’s time to maximize profits with a host of innovative analysis and price assessment tools – let’s […]
Preparing for Extreme Rain and Flooding
October 24, 2017
During the last century, floods claimed more lives and caused more property damage than any other type of natural disaster. Flooding can damage and wash away homes, businesses and infrastructure as well as affect jobs and vital services in society. Research shows that forms of severe weather, like flooding, are happening more frequently than in […]
Dicamba Use in 2018
September 24, 2017
Have a Question on the New Dicamba Rules? Here Are Some Answers ROCKVILLE, Md. (DTN) — If you’re feeling a little confused about the EPA’s new rules on dicamba for 2018, you’re not alone. Last week, EPA made some dicamba herbicides restricted use pesticides (RUP) and issued new labels for them, with tighter use restrictions. […]
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