Crude Oil Continues Its Gains – Commentary

Jim RinaudoGeneral Commentary

The Nov WTI trading session settled at 70.10 (+0.27) [+0.39%], had a high of 72.49, a low of 69.87. Cash price is at 689.81 (+1.67), while open interest for CLX24 is at 305,581. CLX settled above its 5 day (68.96), its 20 day (68.92), but below its 50 day (71.86), and its 200 day (74.87) moving-averages. The COT report (Futures …

Crude Oil Skyrockets Off Iranian Rockets – WTI Commentary

Jim RinaudoGeneral Commentary

The Nov WTI trading session settled at 69.83(+1.66) [+2.44%], had a high of 71.94, a low of 66.33. Cash price is at 68.14(+0.01), while open interest for CLX24 is at 318,997. CLX settled above its 5 day (68.71), its 20 day (68.80), ((Crude broke through to the upside on it’s 5 and 20 day MA)), but below it’s 50 day …

Crude Oil Commentary

Jim RinaudoGeneral Commentary

The Nov WTI trading session settled at 68.17(-0.01) [-0.01%], had a high of 69.32, a low of 67.57. Cash price is at 68.13(+0.46), while open interest for CLX24 is at 329,816. CLX settled below its 5 day (69.18) , its 20 day (68.82), 50 day (72.09), and its 200 day (74.88) moving-averages. The COT report (Futures and Options Summary) as …

A Rout in Crude – WTI Crude Commentary

Jim RinaudoGeneral Commentary

The Nov WTI trading session settled at 67.67(-2.02) [-2.90%], had a high of 70.01, a low of 66.95. Cash price is at 69.67(-1.91), while open interest for CLX24 is at 337,946. CLX settled below its 7 day (70.18) , its 20 day (70.02), 50 day (73.75), and its 200 day (77.3) moving-averages. The COT report (Futures and Options Summary) as …

Turnaround In Crude – Crude Oil Commentary

Jim RinaudoGeneral Commentary

The Nov WTI trading session settled at 69.5, had a high of 71.72, a low of 69.23. Cash price is at 71.58(+1.21), while open interest for CLX24 is at 355,290. CLX settled below its 7 day (70.5) ((broke below the 7 and 20 day)), its 20 day (69.74), its 50 day (72.78), and its 200 day (74.93) moving-averages. The COT …

Nov WTI Crude Oil

Jim RinaudoGeneral Commentary

The Nov WTI trading session settled at 71.56(+1.19) [+1.69%], had a high of 72.40, a low of 70.44. Cash price is at 70.37(-0.65), while open interest came in at 355,290. CLX settled above its 7 day (70.44) ((broke above the 7 and 20 day)), its 20 day (69.98), but below its 50 day (72.94), and its 200 day (74.93) moving-averages. …

November WTI Crude Oil

Jim RinaudoGeneral Commentary

9/23//24 The Nov WTI trading session settled at 70.37(-0.63) [-0.89%], had a high of 71.81, a low of 69.49. Cash price is at 71.02 (-0.89), while open interest came in at 355,622. CLX settled below its 7 day (70.45) ((broke below the 7 and 20 day)), its 20 day (70.94), its 50 day (74.49), and its 200 day (77.31) moving-averages. …

November WTI Crude Oil Commentary

Jim RinaudoGeneral Commentary

9/19//24 The Nov WTI trading session settled at 71.16(+1.28), had a high of 71.53,  a low of 69.13. Cash price is at 70.90 (-0.31), while open interest came in at 332,769. Higher on the day by +1.83% CLX traded above its 7 day (68.98) and its 20 day (70.41), but below its 50 day (73.42), and its 200 day (74.93) …