NEWS
Darin Newsom DTN Senior Analyst
Fri Apr 18, 2014 06:51 AM CDT

Energy Markets: Weekly Analysis

Brent Crude Oil: The spot-month contract closed $2.43 higher. The secondary (intermediate-term) trend is sideways to up. Resistance is at $111.85, a price that marks the 61.8% retracement level of the sell-off from $117.34 through the low of $102.98. Weekly stochastics are neutral to bullish.

Crude Oil: The spot-month contract closed $0.56 higher. The secondary (intermediate-term) trend on the weekly chart is sideways to up. However, the spot-month contract is testing technical price resistance between $104.22 and $105.25. These prices mark the 61.8% and 67% retracement levels of the previous downtrend from $112.24 through the low ...

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