Technicals: Week 25 - Energy Markets Daily

What this episode covers

Tuesday, June 16, 2026. CRUDE OIL TECHNICALS: WTI trading $80.58-$81.58 range. Open ~$80.96, High $81.53, Low $80.86. Sharp drop from prior days (Jun 12 high ~$87). SETUP: Crude in free fall. Geopolitical premium gone. Watching technical support levels. KEY SUPPORT: $80.24-$80.55 (Classic/Fibonacci S3/S2 pivots, near-term daily support). $82.67 (key near-term support). $85 (major psychological/support zone, floor in June outlooks). $74-$75 (longer-term Fibonacci-based support, 61.8% retracement, 200-day MA proximity). KEY RESISTANCE: $81.22-$81.53 (Classic/Fibonacci R1/R2 pivots, immediate upside targets). $85.09-$87.30 (near-term resistance cluster, key breakout level). $100 (psychological pivot, major reference level). $106-$108 (multi-month resistance zone from prior highs). READ: Crude testing support at $80.24-$80.55. If holds, expect bounce toward $85. If breaks, next target $74-$75. Momentum bearish. Volume declining. Fade trade. Short any bounces above $82. NATURAL GAS TECHNICALS: Henry Hub trading $3.02-$3.15 range. NGN26 contract ~$3.153. TECHNICAL INDICATORS: RSI(14) ~29.9-32.1 (Sell signal, in/approaching oversold below 30-40). MACD(12,26) ~-0.014 to -0.015 (Sell signal, negative histogram, bearish momentum on daily). Moving averages: All 12 periods signaling Sell. Overall: 8-9 Sell signals on daily. PIVOT POINTS: Support S1 ~$3.02, S2 ~$3.016-$3.027, S3 ~$3.008-$3.017. Pivot ~$3.027-$3.045. Resistance R1 ~$3.032-$3.053, R2 ~$3.04-$3.063, R3 ~$3.044-$3.071. READ: Gas oversold on daily. Weekly timeframe shows potential bullish MACD crossover suggesting longer-term momentum improvement despite daily bearishness. Accumulation zone intact. $3.02-$3.05 prime entry. Target $4.00+. BOTTOM LINE: Crude—testing support at $80.24-$80.55. Short any bounces above $82. Target $74-$75. Gas—oversold daily, bullish weekly setup. Accumulate $3.02-$3.05. Target $4.00+. Trade the charts. Respect the levels.

Share this episode

Similar Episodes

No similar episodes found.

Similar Podcasts

Solving for Change MOBIA Technology Innovations Solving for Change welcomes business and technology leaders to share stories of bold business transformation within complex organizations. In an era when technology and markets are changing around businesses, the key to staying competitive is to evolve in response to those changes. MOBIA’s Mike Reeves and Marc LeBlanc investigate business transformation, deconstructing the challenges, ambitions, and market disruptions that drive companies to embark on transformation journeys, and exploring their unique approaches to achieving meaningful outcomes. What sparks leaders to pursue business transformation? How do they overcome the challenges along the way? What are the keys to creating enduring change? Through in-depth conversations with business and technology leaders, Mike and Marc answer these questions and explore how businesses evolve by pulling four key transformation levers: people, process, technology, and culture. Darknet Discussions Darknet Discussions Welcome to "Darknet Discussions," the podcast that gets into the shadows of the internet to bring you the most intriguing, enlightening, and sometimes unsettling stories from the dark web. Hosted by seasoned darknet aficionados, each episode of "Darknet Discussions" explores the intricate dynamics of darknet markets, cybersecurity threats, and the digital underworld. Join us as we interview experts, discuss the latest trends in cybercrime, and shed light on the technologies that operate beneath the surface of everyday internet use. Also, we occasionally go off on a tangent about something completely unrelated. Christadelphian Encouragements CE.captivate.fm Christadelphian Encouragements provides sermons, exhortations, bible studies, memorials, and daily readings from around the world. Please visit ChristadelphianEncouragements.Com and our content creators websites for more information and Christian audio content. Two Recruiters: Zero Filter Two Recruiters At Two Recruiters: Zero Filter, we're on a mission to demystify the hiring process, share insider tips, and empower you to maneuver through the professional world with confidence. With more than 30 years of combined experience navigating the intricate web of job markets, talent acquisition, and career development, we're here to spill the tea on everything career related. But wait, there’s more! We will dive into many life topics that are interesting to us as well. Get ready for a rollercoaster of insights, stories, and no-holds-barred advice!Join us for conversations that matter – where work, life, and authenticity collide in the most unexpected and rewarding ways.

Frequently Asked Questions

How long is this episode of Energy Markets Daily?

This episode is 2 minutes long.

When was this Energy Markets Daily episode published?

This episode was published on June 16, 2026.

What is this episode about?

Tuesday, June 16, 2026. CRUDE OIL TECHNICALS: WTI trading $80.58-$81.58 range. Open ~$80.96, High $81.53, Low $80.86. Sharp drop from prior days (Jun 12 high ~$87). SETUP: Crude in free fall. Geopolitical premium gone. Watching technical support...

Can I download this Energy Markets Daily episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.