Articles by Jim Hyerczyk

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Is This Small Correction In Oil Something To Worry About?

Despite crossing to the strong side of a long-term 50% level earlier in the week to extend the rally, the price action late in the week strongly suggests that March West Texas Intermediate crude oil may have finally found enough resistance and selling …


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A Correction For WTI Is In The Making

U.S. West Texas Intermediate crude oil surged to the upside on Monday, setting a bullish tone for the week. The catalysts behind the price action were renewed speculative bets on further strength amid the OPEC-led production cuts and a decline in U.S. …


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Crude Oil Is Approaching A Major Retracement Zone

U.S. West Texas Intermediate crude oil finished 2017 higher in what can best be described as a volatile two-sided trade. After trending lower from January to June, the market stabilized enough to fuel an even stronger rally during the latter half of th…


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The New-Year Sell Off In Oil

Volatility has been low this week with market liquidity drying up ahead of the Christmas and New Year breaks, but the U.S. West Texas Intermediate and international-benchmark Brent crude oil trended high enough to put them in positions to challenge the…


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Are Markets Turning Bearish On Crude?

Volatility dominated the crude oil futures markets this week as traders were hit with both potentially bullish and potentially bearish news. Traders reacted according, first driving prices higher than lower. The price action suggests that this week’s c…


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When To Expect The Next Big Move In Oil?

January West Texas Intermediate crude oil futures are in a position to close stronger on Friday, but the move isn’t expected to be enough to prevent a lower close for the second consecutive week. Buyers may also be showing a delayed reaction to Wednesd…


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Hedge Funds Hold The Cards For The Next Move In Oil

January West Texas Intermediate crude oil futures are showing a muted response to the news that the OPEC-led group agreed to extend their production cuts in a widely expected move designed to trim the supply glut and stabilize prices. OPEC and non-OPEC…


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Oil Pumps And NatGas Dumps In Volatile Thanksgiving Markets

The energy complex this week had a little bit of something for everybody this week. Bullish investors were rewarded with a surge in crude oil prices. Bearish investors celebrated another steep decline in natural gas. Neutral gasoline investors were sat…


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Are Oil Prices About To Turn Lower?

For weeks, investors had been focusing on whether OPEC will extend its deal with other major producers including Russia to extend its strategy to cut production, trim the excess global supply and stabilize prices. However, the last two weeks, the major…


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Oil Markets Await Catalysts As Rally Halts

This week’s price action in the crude oil, unleaded gasoline and natural gas markets had one thing in common. They all featured the return of volatility. Both the fundamentals and the technical chart patterns all indicate that volatility is likely to r…