Energy Market Recap - 11/21/2017

November 21, 2017 3:34PM CST

January Crude Oil closed up 0.47 at 56.89. This was 0.57 up from the low and 0.33 off the high.

January Heating Oil closed down 0.03 at 193.40. This was 1.09 up from the low and 1.77 off the high.

January RBOB Gasoline finished up 2.20 at 175.98, 0.69 off the high and 2.73 up from the low.

December Natural Gas finished down 0.03 at 3.02, 0.04 off the high and 0.01 up from the low.


The January crude oil contract spent most of the Tuesday trade in positive territory, and did manage to claw out a fresh six day high. Clearly the broad-based risk on environment helped to foster a favorable demand environment especially since that action was enhanced by a weaker US dollar. The market might also have been factoring in expectations of a decline in weekly energy stocks. Even the gasoline market managed a five day high and clawed back above its 21 day moving average in a fashion that suggest the recent uptrend pattern remains in place.

RJO Futures | 222 South Riverside Plaza, Suite 1200 | Chicago, Illinois 60606 | United States
800.441.1616 | 312.373.5478

The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that RJO Futures believes to be reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgement at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.

This material has been prepared by a sales or trading employee or agent of RJO Futures and is, or is in the nature of, a solicitation. This material is not a research report prepared by RJO Futures Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.

Distribution in some jurisdictions may be prohibited or restricted by law. Persons in possession of this communication indirectly should inform themselves about and observe any such prohibition or restrictions. To the extent that you have received this communication indirectly and solicitations are prohibited in your jurisdiction with registration, the market commentary in this communication should not be considered a solicitation.