Tag: natural gas

Today's Video Newsletter: The Whale That Swallowed J.P. Morgan

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 15th of March.

The Whale Trade That Won't Die
I'm sure by now you've heard of the disastrous whale trade that was made by J.P. Morgan (JPM) that came out of their London office. This trade cost J.P. Morgan a cool $6 billion. Well, the folks responsible for this trade are getting grilled on Capitol Hill today and I doubt seriously if anything will ever come of the "kabuki theater." Today's hearings allow Senators to pontificate and look very serious, as it plays well in their voting districts. Normally these type of Washington theatrics have very little effect on what's going on in the real world and in the marketplace. Today we will be looking at J.P. Morgan to see how this stock has performed so far this year. Continue reading "Today's Video Newsletter: The Whale That Swallowed J.P. Morgan" →

Weekly Futures Recap W/Mike Seery

Posted on by The INO.com Team

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Energy Futures--- Energy futures in New York today are mixed with crude oil trading far below its 20 and 100 day moving average bouncing off of 8 week lows earlier in the day but finishing near session highs at 91.82 up 30 cents with the next major support at $87 with the sequester over last weekend and major budget cuts for defense department traders are thinking that demand will be significantly less and that is the reason why you’ve  seen a $9 drop in crude oil in just a matter of weeks while April heating oil which has been in an absolute free-for-all except for Tuesdays  600 point rally but down about 50 points today currently trading at 2.97 a gallon with major support at 3.90 which has been hit 3 times in the last 6 months and rallied significantly but with the winter coming towards an end heating oil demand might start to weaken. Continue reading "Weekly Futures Recap W/Mike Seery" →

Chart to Watch - Natural Gas

Posted on by The INO.com Team

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Natural Gas (NG.J13.E).

I hope you are having a GREAT week !

This week let's take a look at April Natural Gas. Continue reading "Chart to Watch - Natural Gas" →

Could Chevron Jumpstart the North American Natural Gas Sector?

Posted on by admin
Could Chevron Jumpstart the North American Natural Gas Sector?

The natural gas sector ended the year on a high note following the announcement that one of the world’s leading energy firms has agreed to operate — and buy a partial stake in — a proposed liquefied natural gas (LNG) project on Canada’s British Columbia coast.

Kitimat LNG’s project moved a step closer to reality last week when Chevron (NYSE:CVX) announced that it will buy out the minority positions that Encana (TSX:ECA,NYSE:ECA) and EOG Resources (NYSE:EOG) hold in the endeavor. In doing so, Chevron has established itself as a 50-percent owner in a project that is ready for construction, but has fallen victim to a number of delays amid uncertainty surrounding sales contracts.

Chevron also confirmed that it will take a 50-percent interest in approximately 644,000 acres of petroleum and natural gas rights in the Horn River and Liard Basins in British Columbia. Chevron and Apache (NYSE:APA) will now share ownership of the project, with Chevron operating the plant and related Pacific Trail Pipeline, which is set to transport oil from Northeastern BC. Continue reading "Could Chevron Jumpstart the North American Natural Gas Sector?" →

Chart to Watch - Natural Gas

Posted on by The INO.com Team

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Natural Gas (NG.H13.E).

This week let's take a look at Natural Gas.

The Natural Gas chart put in a monthly green MarketClub Trade Triangle in July and the monthly Triangle has stayed green since.

The red and green weekly MarketClub Trade Triangles since July show the bull swings and counter trend corrections in the larger up trend.

Natural Gas may have put in a correction low for the current counter trend correction. Continue reading "Chart to Watch - Natural Gas" →