La Croix Energy Capital | Petroleum Derivative Trading

“Think like a fundamentalist; trade like a chartist.”
Dennis Gartman. Rule #8 - Gartman’s Simple Rules of Trading

Friday, May 28, 2010

Market Review Week Ending 27-May-10

S&P 500
CBOE VIX
USDX
EURO FX
CAD
COMEX Gold
CBOE OVX
NYMEX Crude Oil Daily Continuation
NYMEX Crude Oil Weekly Continuation
NYMEX Natural Gas Daily Continuation
NYMEX Natural Gas Weekly Continuation

CFTC Commitment of Traders 25-May-10

Source: U.S. Commodity Futures Trading Commission

Baker Hughes N.A. Rotary Rig Count 28-May-10

Source: Baker Hughes, Inc.

Thursday, May 27, 2010

Chart of the Day

S&P 500

EIA Weekly NatGas Storage Report 21-May-10

EIA Summary
Working gas in storage was 2,269 Bcf as of Friday, May 21, 2010, according to EIA estimates. This represents a net increase of 104 Bcf from the previous week. Stocks were 71 Bcf higher than last year at this time and 318 Bcf above the 5-year average of 1,951 Bcf. In the East Region, stocks were 117 Bcf above the 5-year average following net injections of 55 Bcf. Stocks in the Producing Region were 115 Bcf above the 5-year average of 730 Bcf after a net injection of 31 Bcf. Stocks in the West Region were 86 Bcf above the 5-year average after a net addition of 18 Bcf. At 2,269 Bcf, total working gas is above the 5-year historical range.

Source: U.S. Energy Information Administration; NOAA

Wednesday, May 26, 2010

EIA Weekly Petroleum Status Report 21-May-10

Stocks mmbbls
Crude: 365.1 (+2.5)
- Cushing: 37.6 (-0.3)
Gasoline: 221.6 (-0.2)
Distillates: 152.5 (-0.3)
Total Products: 728.0 (+3.4)

Imports mmbbls/d
Crude: 9.9 (+0.1)
Products: 2.8 (+0.6)

Supplied mmbbls/d
Gasoline: 9.1 (unch)
Distillates: 4.0 (-0.1)
Total Products: 19.7 (+0.1)

Refinery Operations
Percent Utilization: 87.84% (-0.10)
Gross Inputs mmbbls/d: 15.4 (unch)

Source: U.S. Energy Information Administration

Tuesday, May 25, 2010

API Stocks 21-May-10

Change mmbbls
Crude: +0.6 (vs. +0.2 fcst)
Gasoline: -3.2 (vs. -0.2 fcst)
Distillates: +1.5 (vs. unch fcst)

Monday, May 24, 2010

Spec Trading in the News

Hedge Funds Sell Crude Fastest in Eight Months: Energy Markets May 24 (Bloomberg) -- Hedge funds sold oil at the fastest pace in almost eight months, cutting their bullish bets by 32 percent as crude prices plunged on concern Europe’s debt crisis will hurt energy demand.

The speculative net-long position in crude oil futures and options combined on the New York Mercantile Exchange fell to 89,335 in the week ended May 18, the biggest percentage decline since Sept. 29, according to the U.S. Commodity Futures Trading Commission’s Commitments of Traders Report on May 21.

Read more...

Friday, May 21, 2010

Market Review Week Ending 21-May-10

S&P 500
CBOE VIX
USDX
EURO
CAD
COMEX Gold
CBOE OVX
NYMEX Crude Oil Daily Continuation
NYMEX Crude Oil Weekly Continuation
NYMEX Natural Gas Daily Continuation
NYMEX Natural Gas Weekly Continuation

CFTC Commitment of Traders 18-May-10

Source: U.S. Commodity Futures Trading Commission