Daily Energy Market Update Daily updates providing a comprehensive analysis of both the fundamental and technical factors driving energy markets. https://dailyupdate.liquidityenergy.com/ Mon, 15 Jun 2026 13:12:35 +0000 Mon, 15 Jun 2026 13:03:02 +0000 2026-06-15T13:03:02Z 2026-06-15T13:12:35Z Investing Energy Finance Copyright 2026, Daily Energy Market Update https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/logo/e99d9cc7-4510-4e24-a593-53f51fd6c4bf/Liquidity-favicon.png Daily Energy Market Update https://dailyupdate.liquidityenergy.com/ https://www.rssboard.org/rss-specification beehiiv en-us support@beehiiv.com (Beehiiv Support) Daily Energy Market Update June 15, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-15-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-15-2026 Mon, 15 Jun 2026 13:03:02 +0000 2026-06-15T13:03:02Z Mark Schaefer

Crude oil came under heavy pressure over the weekend after the U.S. and Iran confirmed an agreement to end hostilities in the Middle East, removing a significant portion of the geopolitical risk premium that had been built into the market since late February. The deal includes the reopening of the Strait of Hormuz, with a formal signing expected later this week in Switzerland. The announcement triggered aggressive selling across the energy complex, with WTI falling nearly 5% overnight and trading back toward the $80/bbl level after briefly trading above $110/bbl during the height of the conflict.

The market's immediate focus has shifted from supply disruption concerns to the timing and pace of the normalization of crude flows through the Strait. While the agreement paves the way for the resumption of transit, uncertainty remains regarding vessel movements, mine-clearing operations, insurance coverage, and the willingness of shipping companies to quickly return to the region. Market participants will be closely monitoring tanker traffic and export activity over the coming days to gauge how rapidly physical flows can recover.

Despite the sharp decline in outright prices, several analysts cautioned that the return to normal operating conditions may take longer than the market is currently pricing in. Energy infrastructure, logistics networks, and export channels will require time to normalize after months of disruption. In addition, inventories and strategic stockpiles that were drawn down during the conflict are expected to be replenished, which could provide an underlying source of demand even as exports begin to recover.

For now, the market appears to be pricing in a best-case scenario for the peace agreement, with traders aggressively unwinding geopolitical length accumulated during the conflict. As a result, near-term price action is likely to remain highly sensitive to developments surrounding the formal signing of the agreement, vessel traffic through Hormuz, and any indications regarding the pace at which Iranian and regional crude exports return to global markets.

Crude (CLN6)

Crude is opening the U.S. session down 4.65 at 80.23 after overnight news of the U.S.–Iran agreement pressured prices lower, with the market trading down to an overnight low of 79.70. The decline has brought crude directly to the 50% Fibonacci retracement of the move from the December 2025 low to the May 18 high. Prices are also testing the lower end of the trading range established since the conflict began.

Momentum is pointing lower, though the market has not yet broken below the April 17 low at 77.22, which remains the next major downside level to watch. While technical support is beginning to emerge, geopolitical developments remain the primary driver of price action in the near term.

Resistance

• 80.73 – Lower Bollinger Band
• 85.72 – Previous support zone with multiple lows holding since early May
• 89.44 – 38.2% Fibonacci retracement of the decline from the May 18 high to the overnight low

Support

• 77.22 – April 17 low
• 74.35 – 61.8% Fibonacci retracement of the move from the December low to the post-conflict high
• 71.03 – 200-day moving average

Crude (CLN6)

Heating Oil (HON6):

Heating Oil is opening the U.S. session lower after overnight selling accelerated on news of a potential peace agreement involving Iran, reducing concerns over supply disruptions across the energy complex. July Heating Oil traded down to an overnight low of 3.2502 before rebounding to 3.3019 to begin the U.S. session.

Prices are currently trading in an important technical support zone where the Lower Bollinger Band aligns with the 38.2% Fibonacci retracement of the rally from the January low to the May high. While momentum remains oversold following the recent decline, geopolitical developments continue to be the primary driver of price action.

Resistance

• 3.4600 – Pivot level / previous lows
• 3.5668 – 38.2% Fibonacci retracement of the decline from the May high to the overnight low
• 3.6492 – Confluence of the 50-day and 20-day moving averages

Support

• 3.0875 – April low
• 3.0432 – 50% Fibonacci retracement of the January-to-May rally
• 2.7985 – 200-day moving average

Heating Oil (HON6)

Crude Spread (CLZ6/CLZ7)

The Crude Spread is opening the U.S. session down 1.34 at 4.21 after trading to an overnight low of 4.02. While prices have recovered modestly from the overnight low, the bounce has been limited and the spread remains below the Lower Bollinger Band, which is currently positioned at 4.48.

The spread had already broken below key support at 6.00 on Friday with increased expectations for a potential agreement with Iran over the weekend. Continued pressure across the energy complex has accelerated the decline, pushing the spread to its lowest levels in close to two months

Resistance

• 4.48 – Lower Bollinger Band
• 6.00 – Previous lows / pivot area
• 6.65 – 38.2% Fibonacci retracement of the decline from the May high to the overnight low

Support

• 3.07 – 61.8% Fibonacci retracement of the move from the December low to the May 18 high
• 2.11 – April 8 low
• 2.06 – 200-day moving average

Crude Spread (CLZ6/CLZ7)

 

 

Natural Gas Market Overview

Natural Gas (NGN6)

Natural Gas is opening the U.S. session down 0.04 at 3.082 after trading to an overnight low of 3.017. Prices have since bounced but remain below the 50-day moving average at 3.114, a level that has now clearly shifted from support to resistance following last week's breakdown.

Momentum indicators continue to trend lower but have not yet reached oversold territory, suggesting there may still be room for additional downside pressure. The recent weakness has pushed prices toward the lower end of the trading range established over the past several weeks, with traders closely monitoring whether support near the late-May lows can hold.

Resistance

• 3.114 – 50-day moving average
• 3.168 – 20-day moving average
• 3.249 – Last week's high

Support

• 2.997 – Lower Bollinger Band
• 2.978 – May 27 low

Natural Gas (NGN6)

 

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update June 12, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-12-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-12-2026 Fri, 12 Jun 2026 13:36:38 +0000 2026-06-12T13:36:38Z Mark Schaefer

Energy Market Update

Energy markets are entering the U.S. session with risk premium continuing to unwind after reports that the United States and Iran are moving toward a framework agreement that could lead to the reopening of the Strait of Hormuz. President Trump cancelled previously threatened strikes on Iran, while multiple reports indicate negotiations are focused on nuclear and economic issues and that a memorandum of understanding could be signed as soon as this weekend. As a result, Brent crude fell more than 3% overnight to its lowest level since mid-April, while WTI also dropped sharply as traders priced out some of the geopolitical disruption premium that had been built into the market.

Despite the sharp decline in crude, the physical market remains far from balanced. Inventories across key regions remain relatively tight following weeks of disrupted Gulf exports, and vessel traffic through Hormuz remains below normal levels. Analysts continue to warn that unless oil flows normalize quickly, seasonal demand growth during the peak summer consumption period could tighten balances significantly by late July. Several banks and trading houses noted that current price weakness reflects improving expectations for a diplomatic resolution rather than a full restoration of supply.

Fundamental developments were generally bearish for the longer-term outlook. OPEC revised its demand projections lower for next year while maintaining a more constructive view further out, reinforcing expectations for a gradually loosening supply-demand balance. Several major market forecasters have also trimmed longer-term price expectations, citing a combination of softer demand growth and increasing supply. Even so, analysts note that inventories remain relatively tight and geopolitical uncertainty could continue to provide support for prices in the near term.

Natural gas traders are focused on a different set of drivers. U.S. natural gas futures recovered from an overnight two-week low after testing support near 3.03 before rebounding toward the 50-day moving average. Weather-driven demand remains mixed, while LNG export utilization and storage injections continue to be closely monitored. The technical backdrop has weakened following the first daily close below the 50-day moving average in more than two weeks, suggesting near-term momentum has shifted lower even as broader summer cooling demand expectations remain supportive for the medium-term outlook.

Crude (CLN6)

Crude is opening the U.S. session down 2.90 at 84.80 after posting a large bearish engulfing candle yesterday and closing at its lowest level in over two weeks. Prices have broken below the key 85.00 support level that had held on multiple tests since early May. Momentum is oversold, but geopolitical developments are likely to remain the primary driver of price action in the near term.

Resistance

  • 85.50-86.00 – Previous support zone

  • 91.96 – 50-day moving average

  • 93.36 – 20-day moving average

Support

  • 82.58 – Lower Bollinger Band

  • 80.24 – 50% Fibonacci retracement (December low to May high)

Crude (CLN6)

Heating Oil (HON6):

Heating oil is opening sharply lower after posting a large bearish engulfing candle yesterday and closing below its lowest settlement in over two weeks at 3.5171. Overnight selling pushed prices through support at 3.4466, extending the recent decline. Momentum remains oversold and had begun to turn higher earlier this week, but positive developments surrounding an agreement with Iran triggered broad selling across the energy complex.

Resistance

  • 3.4466 – Previous low / support zone

  • 3.6534 – 50-day moving average

  • 3.6784 – 20-day moving average

Support

  • 3.3207 – Lower Bollinger Band

  • 3.2882 – 38.2% Fibonacci retracement (January low to May high)

  • 3.0439 – 50% Fibonacci retracement

 Heating Oil (HON6) 

Crude Spread (CLZ6/CLZ7)

The crude spread posted similar price action yesterday, settling at 6.56. Overnight, the spread came under pressure and is down 1.28 heading into the U.S. session. Momentum remains oversold and has crossed higher, suggesting downside momentum may be fading. However, in the current environment, the broader pressure on the energy complex stemming from developments surrounding Iran is likely to have a greater influence on price action than technical indicators.

Key Levels

Resistance

  • 5.86 — Previous lows / pivot zone

  • 6.96 — 50-day moving average

  • 7.73 — 20-day moving average

Support

  • 4.98 — Lower Bollinger Band

  • 4.57 — 50% Fibonacci retracement (December low to May high)

  • 3.07 — 61.8% Fibonacci retracement

      Crude Spread (CLZ6/CLZ7)

     

 

Natural Gas Market Overview

Natural Gas (NGN6)

Natural Gas is up 0.02 at 3.103 to begin the U.S. session. Overnight trading saw NG fall to a new two-week low of 3.031 before staging a rebound. The recovery carried prices back to the 50-day moving average at 3.116.

Yesterday marked the first close below the 50-day moving average in more than two weeks, making that level an important pivot point on a closing basis. Momentum indicators remain in neutral territory but continue to trend lower, suggesting downside pressure remains present.

Key Levels

Resistance

  • 3.116 – 50-day moving average

  • 3.169 – 20-day moving average

  • 3.249 – Wednesday's high

Support

  • 2.990 – Lower Bollinger Band

  • 2.978 – Late-May low

    Natural Gas (NGN26)

     

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update June 11, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-11-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-11-2026 Thu, 11 Jun 2026 12:26:45 +0000 2026-06-11T12:26:45Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Crude oil opened overnight higher on geopolitical risk following renewed tensions in the Middle East, briefly extending gains as markets continued to price in potential supply disruption risks around the Strait of Hormuz. However, momentum quickly faded as reports indicated a rapid wind-down of U.S. strike activity against Iran, shifting sentiment back toward de-escalation.

As the U.S. session approaches, crude has given back a portion of the overnight rally and is trading off its highs as the geopolitical risk premium unwinds. Price action has returned to a more technical focus after the initial headline-driven spike, with traders reassessing whether the latest escalation marks a short-lived event rather than a sustained disruption.

Overall, overnight trade was characterized by an early risk premium bid followed by a reversal as the market moved back toward a “buy-the-dip equities / risk normalization” narrative, leaving crude more reactive to technical levels heading into the session.

Crude (CLN6)

Crude oil opened higher overnight and rallied to an intra-day high of 93.64. The advance stalled just below the 20-day moving average before prices reversed lower heading into the U.S. session.

Today's trade is setting up for a fifth consecutive close below the 50-day moving average, reinforcing the recent deterioration in the market's technical structure. While momentum indicators remain in oversold territory, they continue to point lower, suggesting downside pressure has yet to fully exhaust itself.

Key Levels

Resistance

  • 92.08 – 50-day moving average

  • 94.04 – 20-day moving average

  • 97.00 – Last week's high

Support

  • 86.35 – Late-May low

  • 84.04 – Lower Bollinger Band

    Crude (CLN6)

     

Heating Oil (HON6):

Heating oil opened overnight higher and traded up to a high of 3.7129 before reversing and trading to a new low for the day. The high was near the 20-day moving average, which has acted as a pivot point over the past several weeks.

If heating oil closes below 3.6593 today, it will mark the fifth consecutive close below the 50-day moving average, suggesting the potential for a test of lower support levels.

Momentum indicators remain oversold but continue to point lower, indicating that downside pressure is still present despite stretched conditions.

Key levels

Resistance

  • 3.6593 — 50-day moving average

  • 3.7034 — 20-day moving average

  • 3.8782 — June 3 high

Support

  • 3.4466 — Late-May low

  • 3.3865 — Lower Bollinger Band

Heating Oil (HON6)

 

Crude Spread (CLZ6/CLZ7)

The spread opened above the 20-day moving average and traded over 8.40, the high from the beginning of June, which has acted as resistance on three separate attempts to break it. Price has since reversed and is now trading lower on the session at 7.16. The 50-day moving average has also acted as a pivot, with the spread at 6.95 and currently holding above that key level.

Momentum is oversold but has crossed higher, suggesting the downside has run out of momentum.

Key levels

Resistance

  • 7.89 — 20-day moving average

  • 8.39 — 50% Fibonacci retracement

  • 9.73 — 61.8% Fibonacci retracement

Support

  • 5.86 — Tuesday’s low

  • 5.43 — Lower Bollinger Band 

    Crude Spread (CLZ6CLZ7)

     

 

Natural Gas Market Overview

Natural Gas (NGN6)

Traded lower overnight and is opening US session down 0.05 at 3.138. Price has traded around the 20-day moving average (3.1720) for the last five days. The combination of trading back and forth over the 20-day and neutral momentum readings shows a clear lack of bias at current levels. Price is currently stuck between the 50-day and 20-day moving averages.

Key levels

Resistance

  • 3.249 — Yesterday’s high

  • 3.338 — Upper Bollinger Band

  • 3.396 — June 1 high

Support

  • 3.118 — 50-day moving average

  • 3.006 — Lower Bollinger Band

    Natural Gas (NGN26)

     

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update June 10, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-10-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-10-2026 Wed, 10 Jun 2026 13:25:30 +0000 2026-06-10T13:25:30Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Crude oil surged in the early U.S. session after President Trump signaled a stronger military response against Iran following the latest escalation involving U.S. forces near the Strait of Hormuz. Prices initially traded higher overnight but accelerated sharply higher on the headline, with WTI jumping back above the $89–$90 area as risk premiums re-entered the market.

The move follows renewed strikes between the U.S. and Iran, including reported attacks on Iranian air-defense and radar systems after a U.S. helicopter incident earlier in the week. The escalation has quickly reversed the prior tone of easing geopolitical tensions, pushing oil back into a headline-driven, high-volatility environment.

From a technical perspective, crude had been showing signs of fatigue after failing to hold gains above key moving averages in recent sessions. Today’s rally temporarily reintroduces upside momentum, but price action remains highly reactive to headlines rather than structure.

Crude (CLN6)

Crude oil began the morning trading near unchanged levels before rallying more than 1.90 following comments from President Trump. Prices had initially opened higher overnight before retreating back toward unchanged levels, but the market quickly reversed course as traders reacted to the latest geopolitical developments.

Despite today's rebound, crude remains in a technically vulnerable position after spending the past several sessions trading below its 50-day moving average. The recent price action suggests traders remain highly sensitive to headlines, particularly those related to Middle East tensions and potential supply disruptions.

Momentum indicators have turned lower and moved into oversold territory, although today's sharp rally may help stabilize momentum in the near term if gains can be sustained.

Key Levels

Resistance

  • 91.94 – 50-day moving average

  • 94.32 – 20-day moving average

  • 97.00 – Last week's high

Support

  • 86.35 – Last week's low

  • 84.34 – Lower Bollinger Band

    Crude (CLN6)

     

Heating Oil (HON6):

Heating oil traded modestly lower overnight after opening higher and rallying to an intra-day high of 3.5918 before retreating. The market reversed course during the morning session, however, following comments from President Trump that sparked buying across the energy complex and pushed heating oil sharply off its overnight lows.

Despite today's rebound, heating oil remains in its second consecutive session trading below the 50-day moving average at 3.6548, suggesting the strong uptrend of recent months may be losing momentum. Momentum indicators have also rolled over and moved back into oversold territory, reflecting the recent deterioration in market sentiment.

While the headline-driven rally has provided near-term support, the technical outlook remains cautious until prices can reclaim the 50-day moving average. Until then, traders will continue to monitor whether the recent bounce develops into a broader recovery or simply proves to be a pause within the current corrective phase.

Key Levels

Resistance

  • 3.6548 – 50-day moving average

  • 3.7114 – 20-day moving average

  • 3.8782 – Last week's high

Support

  • 3.4466 – May 27 low

  • 3.3895 – Lower Bollinger Band

    Heating Oil (HON6)

     

Crude Spread (CLZ6/CLZ7)

The crude oil spread opened unchanged at 6.72 following a relatively quiet overnight session with a narrow trading range. The spread spent much of the overnight trade fluctuating around its 50-day moving average at 6.87 before turning higher during the morning session.

Following comments from President Trump that sparked buying across the energy complex, the spread rallied and is now up 0.52 on the day. The move higher has pushed the spread back above its 50-day moving average, improving the near-term technical picture after several sessions of consolidation.

Momentum indicators remain in oversold territory but are beginning to turn higher, suggesting downside momentum may be fading. If momentum continues to improve, the spread could attempt a move toward higher resistance levels in the days ahead.

Key Levels

Resistance

  • 6.87 – 50-day moving average

  • 7.90 – 20-day moving average

  • 8.40 – Double top from last week

Support

  • 5.91 – May 27 low

  • 5.41 – Lower Bollinger Band 

    Crude Spread (CLZ6/CLZ7)

     

 

Natural Gas Market Overview

Natural Gas (NGN6)

Natural gas opened the morning higher by 0.08 at 3.231. Over the past three trading sessions, the 50-day moving average at 3.119 was repeatedly tested but held on a closing basis, setting the stage for today’s rebound.

The current session is printing a strong bullish engulfing candle, signaling a potential shift in short-term momentum. Price is now clearly back above the 20-day moving average at 3.170, improving the near-term technical structure. Momentum remains in neutral territory for now, but price action is beginning to tilt more constructive.

A close above 3.207 would confirm today’s reversal signal and strengthen the case for further upside, with scope to retest the upper Bollinger Band at 3.345.

Key Levels

Resistance

  • 3.345 – Upper Bollinger Band

  • 3.376 – Last week's high

  • 3.396 – June 1st reversal bar high

Support

  • 3.170 – 20-day moving average

  • 3.119 – 50-day moving average (watch for close below)

  • 2.995 – Lower Bollinger Band

Natural Gas (NGN6)

 

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update June 9, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-9-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-9-2026 Tue, 09 Jun 2026 12:56:50 +0000 2026-06-09T12:56:50Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Crude oil prices moved lower overnight as traders continued to unwind some of the geopolitical risk premium that was built into the market following the recent escalation between Israel and Iran. The decline came after President Trump indicated that discussions with Tehran were progressing and suggested a broader agreement could be reached within days.

The market was also encouraged by reports that both Israel and Iran have paused direct military operations for now, reducing immediate fears of a wider regional conflict. As a result, WTI crude fell back below $90 per barrel while Brent crude slipped under $93 per barrel.

Despite the pullback, traders remain cautious. A formal agreement has yet to be reached, and uncertainty surrounding Middle East supply flows continues to support prices well above pre-conflict levels. The market will remain highly sensitive to headlines regarding negotiations with Iran, any changes in U.S. policy actions, and signs of renewed military activity in the region.

For now, the easing of immediate geopolitical tensions has shifted the focus toward technical support levels, but volatility is likely to remain elevated as traders assess whether the recent de-escalation develops into a more durable agreement.

Crude (CLN6)

Crude oil is opening the U.S. session lower by 2.20 points at 89.11. Yesterday's bearish reversal pattern has been confirmed by today's follow-through selling, with prices now trading below last week's lowest closing level of 90.54.

Momentum is rolling back toward oversold territory after recovering from oversold conditions on June 4, suggesting that downside pressure is re-emerging.

Key Levels

Resistance

  • 95.71 – 50% Fibonacci retracement (May 18 high to May 29 low)

  • 97.95 – 61.8% Fibonacci retracement

  • 104.50 – Upper Bollinger Band

  • 105.21 – May 18 high

Support

  • 86.35 – Last week's low

  • 85.26 – Lower Bollinger Band

    Crude (CLN6)

     

Heating Oil (HON6):

Heating oil is opening the U.S. session lower at 3.5565. Yesterday's bearish reversal candle is being confirmed by follow-through selling this morning, with prices falling below 3.5874, the lowest closing price in more than a week.

Momentum indicators are beginning to turn back toward oversold territory after recovering from oversold conditions on June 4, suggesting that downside pressure is once again building.

Key Levels

Resistance

  • 3.7629 – 50% Fibonacci retracement

  • 3.8375 – 61.8% Fibonacci retracement

  • 3.8802 – Last week's high

Support

  • 3.4466 – May 27 low

  • 3.4055 – Lower Bollinger Band

    Heating Oil (HON6)

     

Crude Spread (CLZ6/CLZ7)

The crude oil spread is down 0.46 to begin the U.S. session at 6.88. Prices remain within their two-week trading range, continuing to consolidate between the 20-day moving average and the lower Bollinger Band.

Momentum has moved back into oversold territory, suggesting the spread could continue to weaken toward lower Bollinger Band support at 5.58.

Key Levels

Resistance

  • 8.03 – 20-day moving average

  • 8.40 – Double top and 50% Fibonacci retracement

  • 10.48 – Upper Bollinger Band

Support

  • 5.91 – May 27 low

  • 5.58 – Lower Bollinger Band 

    Crude Spread (CLZ6/CLZ7)

     

 

Natural Gas Market Overview

Natural Gas (NGN6)

Natural gas is down 0.03 to begin the U.S. session and is currently trading near its 20-day moving average at 3.17. Momentum remains neutral and is not currently signaling a directional bias, suggesting the market may continue to consolidate in the near term.

Key Levels

Resistance

  • 3.16 – 20-day moving average

  • 3.34 – Upper Bollinger Band

  • 3.39 – June 1 reversal bar high

Support

  • 2.98 – Lower Bollinger Band

  • 2.97 – May 27 low

Natural Gas (NGN6)

 

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update June 8, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-8-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-8-2026 Mon, 08 Jun 2026 13:08:19 +0000 2026-06-08T13:08:19Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Crude futures are trading higher to start the week as geopolitical risk remains the dominant driver. Overnight gains pushed Brent above $94 and Crude (CLN6) over 95.00 after Yemen's Houthis announced a complete ban on Israeli-linked shipping in the Red Sea and warned that vessels would be considered military targets.

The development adds another layer of supply risk to an already tense Middle East situation. While the market remains focused on disruptions surrounding the Strait of Hormuz, traders are now evaluating the potential impact on Red Sea traffic and crude exports moving through Saudi Arabia's Yanbu terminal and East-West Pipeline system.

Despite the initial spike, crude has pulled back from overnight highs as traders assess whether the latest threats translate into actual disruptions to physical flows. The market continues to price in a growing geopolitical premium, with volatility remaining elevated across the energy complex.

OPEC+ remains in focus after the group approved another symbolic production increase over the weekend. However, the market response has been muted as traders continue to prioritize geopolitical developments over supply additions that are unlikely to materially change near-term balances.

Refined products are outperforming crude, supported by concerns that any escalation affecting shipping routes could tighten product availability and increase transportation costs. Heating oil and diesel cracks remain well bid, while gasoline continues to find support from seasonal demand.

Crude (CLN6)

Crude is higher by 1.15 after pulling back from the overnight high of 95.47. Much of the early strength was surrendered during the opening stages of the U.S. session. The rally was unable to sustain a break above the 20-day moving average at 95.21, leaving that level as key near-term resistance. Momentum indicators have turned higher and moved out of oversold territory, suggesting downside pressure has eased.

A recovery back through the 20-day moving average would target 95.71, the 50% Fibonacci retracement of the decline from the May 18 high to the May 29 low. A move above that level would open the door to 97.95, the 61.8% retracement. Until resistance is cleared, crude may remain vulnerable to additional consolidation following the recent bounce.

Resistance
95.71 – 50% Fibonacci retracement (May 18 high–May 29 low)
97.95 – 61.8% Fibonacci retracement
104.41 – Upper Bollinger Band
105.21 – May 18 high

Support
86.35 – Last week's low
86.27 – Lower Bollinger Band 

Crude (CLN6)

 

Heating Oil (HON6):

Heating Oil is also opening the U.S. session higher, trading at 3.6519. After reaching an overnight high of 3.7875, prices have eased back and are currently trading below Friday’s open. Momentum indicators have recovered from oversold conditions and are now hovering near neutral, suggesting selling pressure has moderated.

A move back  above the 20-day moving average would bring 3.7629 into focus, the 50% Fibonacci retracement of the recent decline. Additional strength could extend the recovery toward 3.8375, the 61.8% retracement level. Failure to hold current levels may result in a period of consolidation following the recent bounce.

Resistance
3.7629 – 50% Fibonacci retracement
3.8375 – 61.8% Fibonacci retracement
3.8802 – Last week's high

Support
3.4466 – May 27 low
3.4407 – Lower Bollinger Band

Heating Oil (HON6)

 

Crude Spread (CLZ6/CLZ7)

The crude spread is trading higher by .60 at 7.28 to start the U.S. session. Overnight buying pushed the spread up to 8.28, where the rally stalled near a double top established last week (8.40). The 8.40 level also represents the 50% Fibonacci retracement of the decline from the May 18 high to the May 27 low. Momentum has eased from recent highs and is currently sitting just below the 20-day moving average.

A move above the 20-day moving average at 8.10 would keep pressure on the key 8.40 resistance area. A breakout through 8.40 would improve the technical outlook and shift focus toward the upper Bollinger Band at 10.48. Failure to clear resistance could lead to a pullback within the broader trading range.

Resistance
8.10 – 20-day moving average
8.40 – Double top and 50% Fibonacci retracement
10.48 – Upper Bollinger Band

Support
5.91 – May 27 low
5.72 – Lower Bollinger Band

Crude Spread (CLZ6/CLZ7)

 

 

 

Natural Gas Market Overview

Natural Gas (NGN6)

Natural Gas is lower by 8 cents overnight, trading at 3.14. The market remains under pressure after failing to break above the June 1 reversal bar high, keeping the bearish technical outlook intact. Prices traded through the 20-day moving average at 3.16 and briefly tested levels just above last week's low near 3.10 before recovering modestly.

Momentum indicators remain in neutral territory, suggesting the market may continue to consolidate before establishing its next directional move. A recovery back above the 20-day moving average would help stabilize the near-term outlook, while continued weakness could bring key support levels back into focus.

Resistance
3.16 – 20-day moving average
3.334 – Upper Bollinger Band
3.39 – June 1 reversal bar high

Support
2.98 – Lower Bollinger Band 
2.97 – May 27 low

Natural Gas (NGN6)

 

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update June 5, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-5-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-5-2026 Fri, 05 Jun 2026 13:07:43 +0000 2026-06-05T13:07:43Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Crude oil traded lower over the last 24 hours as traders continued to remove some of the geopolitical premium that supported prices earlier in the week. The weakness came despite continued uncertainty surrounding ceasefire negotiations in the Middle East, suggesting the market is becoming more focused on the potential for diplomatic progress than individual headline risk.

Market sentiment was also pressured by reports that discussions between the U.S. and Iran remain active, prompting traders to reassess supply risk expectations. While geopolitical tensions remain elevated, the recent price action indicates participants are becoming less inclined to price in worst-case supply disruption scenarios.

Attention now shifts to whether diplomatic efforts continue to gain traction or encounter additional obstacles. Any signs of progress could keep pressure on crude, while setbacks could quickly reintroduce a geopolitical premium into the market.

Crude (CLN6)

Crude oil is trading nearly unchanged this morning at 92.87 after opening lower and declining to an overnight low of 91.50. The overnight trading range has been relatively narrow, while momentum indicators continue to recover from oversold conditions.

The 20-day moving average has been acting as a key pivot level. Crude has managed only one close above this moving average during the past two weeks, which occurred on Wednesday.

Key Levels

Resistance

  • 95.32 – 20-day moving average

  • 97.00 – Wednesday's high

  • 98.01 – 61.8% Fibonacci retracement (from the May 18 high to the May 29 low)

Support

  • 86.30 – Confluence of last week's low and the lower Bollinger Band

Technical Outlook

Momentum has begun to stabilize after reaching oversold levels, but the market remains below important resistance at the 20-day moving average. A sustained move above 95.32 would improve the near-term technical outlook and open the door for a test of 97.00 and potentially 98.01. On the downside, 86.30 remains a significant support area.

Crude (CLN6)

Heating Oil (HON6):

Heating oil is opening the session unchanged after trading down to an overnight low of 3.6327. Price action has been relatively muted following the sharp back-and-forth trading seen on Wednesday and Thursday. Momentum has moved closer to neutral territory but continues to point higher.

Key Levels

Resistance

  • 3.7543 – 20-day moving average

  • 3.8782 – Wednesday's high and highest close in two weeks

  • 4.0590 – Upper Bollinger Band

Support

  • 3.4466 / 3.4493 – Confluence of last week's low and the lower Bollinger Band

Technical Outlook

Momentum indicators have improved from oversold conditions and are approaching neutral levels, although the short-term bias remains higher. A move above the 20-day moving average at 3.7543 would strengthen the technical outlook and could lead to a test of 3.8782, followed by resistance at the upper Bollinger Band near 4.0590. On the downside, support remains firm in the 3.4466–3.4493 area, where last week's low aligns with the lower Bollinger Band. 

Heating Oil (HON6)

 

Crude Spread (CLZ6/CLZ7)

The crude spread is opening near unchanged at 7.28 after trading lower during the overnight session. Momentum remains in oversold territory but continues to point higher, suggesting there is room for a test of resistance at 8.08 and potentially 8.40.

Price is currently trading in the middle of the range established over the past 10 days. Stochastic indicators suggest a modest upward bias as momentum continues to recover toward neutral levels.

Key Levels

Resistance

  • 8.08 – 20-day moving average

  • 8.40 – Double top and 50% Fibonacci retracement (from the May 18 high to last week's low)

  • 9.01 – 61.8% Fibonacci retracement

Support

  • 5.91 – Last week's low

  • 5.71 – Lower Bollinger Band

Technical Outlook

While momentum remains oversold, improving stochastic readings suggest the spread could continue to recover in the near term. A move above the 20-day moving average at 8.08 would target the 8.40 area, where a double top formation coincides with the 50% Fibonacci retracement level. Additional resistance is found at 9.01. On the downside, support remains at last week's low of 5.91, followed by the lower Bollinger Band at 5.71.

Crude Spread (CLZ6/CLZ7)

 

 

 

Natural Gas Market Overview

Natural Gas (NGN6)

Natural gas is trading lower at 3.30 to start the session. Despite the softer opening, prices continue to press against the upper Bollinger Band, suggesting the market is attempting to extend its recent upside move. Momentum has strengthened and is moderately elevated, but remains well below overbought territory.

The technical picture remains mixed. Last week's bearish reversal pattern continues to favor a move lower over the intermediate term, but recent price action has been constructive, with buyers consistently supporting the market near the upper end of its recent range. The battle between the bearish reversal signal and strengthening short-term momentum is likely to determine the next directional move.

Key Levels

Resistance

  • 3.35 – Upper Bollinger Band

  • 3.39 – Last week's reversal bar high

Support

  • 3.15 – 20-day moving average

  • 2.97 – Last week's low

  • 2.95 – Lower Bollinger Band

Technical Outlook

A sustained move above 3.35 and last week's high at 3.39 would weaken the bearish reversal setup and could signal a continuation of the recent rally. However, failure to break through resistance would keep the reversal pattern intact and increase the risk of a pullback toward the 20-day moving average at 3.15. For now, short-term momentum favors the upside, while the broader technical structure remains cautious.

Natural Gas (NGN6)

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update June 4, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-4-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-4-2026 Thu, 04 Jun 2026 13:35:33 +0000 2026-06-04T13:35:33Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Energy markets are softer this morning as traders continue to weigh ceasefire headlines and ongoing U.S.-Iran negotiations. While reports suggest progress toward a diplomatic resolution, no formal agreement has been reached and uncertainty surrounding Middle East energy flows remains.

Crude oil is pulling back after recent gains despite another sizeable draw in U.S. crude inventories. Market participants continue to monitor developments surrounding the Strait of Hormuz and the potential impact on global crude and product supplies.

Refined products remained firm, with heating oil and gasoil markets outperforming crude oil. Gasoline markets were comparatively weaker.

Natural gas trading was relatively quiet overnight. European gas prices eased modestly while traders continued to monitor LNG shipping activity and developments in the Middle East.

Crude (CLN6)

Crude oil is opening the U.S. session down 3.18 at 92.86. Yesterday marked the first close above the 20-day moving average in more than a week but this morning we are back below again.

Momentum indicators are moving out of oversold territory as the market tests support, suggesting a potential consolidation phase.

Key Resistance Levels

  • 95.78 – 50% Fibonacci retracement of the decline from the May 18 high to last week's low

  • 98.01 – 61.8% Fibonacci retracement

  • 104.41 – Upper Bollinger Band

Key Support Levels

  • 91.62 – 50% Fibonacci retracement

  • 90.35 – 61.8% Fibonacci retracement

Crude (CLN6)

Heating Oil (HON6):

Heating oil opened the session lower at 3.7296. Selling picked up on the US open after a quiet overnight session. The range so far is still within yesterday’s range. Yesterday marked the first close above the 20-day moving average in more than a week, but has moved back below it this morning.

Momentum indicators have moved out of oversold territory and are pointing higher suggesting that dips may find support.

Key Resistance Levels

  • 4.0685 – Upper Bollinger Band

  • 4.0791 – Double top from May 19 and May 20

Key Support Levels

  • 3.4540 – Lower Bollinger Band

A move through the 4.0685–4.0791 resistance zone would signal a continuation of the recovery rally, and potentially open the door for a retest of the May highs.

Heating Oil (HON6)

 

Crude Spread (CLZ6/CLZ7)

The spread is opening the U.S. session lower, down 0.64 at 7.34. Yesterday, the spread briefly traded above the 20-day moving average at 8.08 before stalling at 8.37, which aligns with both the 50% Fibonacci retracement and double-top resistance.

Momentum indicators have crossed higher from oversold territory and continue to improve, suggesting that pullbacks may find support.

Key Resistance Levels

  • 8.08 – 20-day moving average

  • 8.37 – Double-top resistance and 50% Fibonacci retracement

  • 9.01 – 61.8% Fibonacci retracement

Key Support Levels

  • 7.15 – 50% Fibonacci retracement

  • 6.86 – 61.8% Fibonacci retracement

The 8.08–8.37 zone remains the key area to watch. A sustained move above the 20-day moving average and a breakout through the double-top resistance would strengthen the bullish case and target the 9.01 Fibonacci level.

Crude Spread (CLZ6/CLZ7)

 

 

Natural Gas Market Overview

Natural Gas (NGN6)

Natural gas is opening the U.S. session up 0.05 at 3.26. Monday’s bearish engulfing pattern remains intact and would only be negated by a close above the reversal-bar high at 3.39.

Momentum indicators have eased back to neutral territory and continue to point lower, suggesting upside momentum has slowed following the recent rally. While the broader trend remains supported above key levels, the market may continue to consolidate after the recent move.

Key Resistance Levels

  • 3.32 – Upper Bollinger Band

  • 3.39 – Monday's reversal bar high

Key Support Levels

  • 3.14 – 20-day moving average

  • 2.97 – Late-May low

  • 2.95 – Lower Bollinger Band

The market remains caught between resistance at the upper Bollinger Band and support at the 20-day moving average. A move above 3.39 would invalidate Monday's bearish reversal and shift the focus back to the upside. Until then, the bearish engulfing pattern remains in play, with momentum favoring a period of consolidation or a test of support levels near 3.14.

Natural Gas (NGN6)

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update June 3, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-3-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-3-2026 Wed, 03 Jun 2026 13:00:00 +0000 2026-06-03T13:00:00Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Energy markets strengthened overnight as geopolitical tensions in the Middle East continued to support risk premiums across crude oil and refined products. Crude oil is trading higher for a third consecutive session as traders reassess the likelihood of a near-term peace agreement between the United States and Iran following renewed military exchanges. While diplomatic discussions remain ongoing, uncertainty surrounding the conflict and the security of key energy shipping routes continues to underpin prices.

LNG exporters Qatar and the UAE continue to take extraordinary measures to move cargoes through the region as shipping risks persist. Market participants remain concerned that any prolonged disruption to tanker traffic could tighten global crude oil, refined product, and LNG supplies. Several analysts have noted that current prices may not fully reflect the potential impact of an extended disruption to Middle East energy flows.

Crude oil futures are trading sharply higher this morning, with WTI gaining more than 2% overnight as concerns over supply security offset optimism surrounding diplomatic efforts. The recent rally has also contributed to higher Treasury yields and broader inflation concerns, as rising energy prices could complicate the outlook for central bank policy. Refined products have moved higher alongside crude as traders continue to monitor the potential impact on global fuel supplies.

Despite occasional headlines suggesting progress toward a ceasefire or broader regional agreement, energy markets remain highly sensitive to developments in the Middle East. Until there is greater clarity on both diplomatic negotiations and shipping conditions through the Strait of Hormuz, volatility is likely to remain elevated across the energy complex.

Crude (CLN6)

Crude is opening the U.S. session up 3.12 at 96.84. The rally has pushed prices above the 20-day moving average for the first time since May 21 and has also moved decisively above the 50-day moving average, a level the market has been consolidating around for much of the past week.

Momentum indicators have crossed higher and continue to strengthen while remaining in oversold territory, suggesting that the recent recovery may still have room to extend as momentum normalizes.

Key Resistance Levels

  • 98.01 – 61.8% Fibonacci retracement

  • 104.39 – Upper Bollinger Band

Key Support Levels

  • 95.77 – 20-day moving average

  • 91.71 – 50-day moving average

  • 85.87 – Lower Bollinger Band

The breakout above both key moving averages is a constructive technical development and shifts the near-term bias to the upside. A move through the 98.01 Fibonacci level would strengthen the case for a continued advance toward the upper Bollinger Band at 104.39. On the downside, pullbacks are likely to find support near the 20-day moving average as momentum continues to improve from oversold conditions.

Crude (CLN6)

Heating Oil (HON6):

Heating oil is also opening the U.S. session higher, trading at 3.8374. During the overnight session, prices rallied through the 20-day moving average, extending the recovery from last week's lows. The overnight high of 3.8782 pushed slightly above the key 61.8% Fibonacci retracement level at 3.8375 before the market pulled back and began consolidating near that resistance area.

Momentum indicators have crossed higher from oversold territory and continue to strengthen, suggesting the market may have additional room to advance as momentum normalizes.

Key Resistance Levels

  • 4.0593 – Upper Bollinger Band

  • 4.0791 – Mid-May high

Key Support Levels

  • 3.7510 – 20-day moving average

  • 3.6437 – 50-day moving average

The ability to hold above the 20-day moving average following the overnight breakout will be an important test for the bulls. A sustained move above the 3.8375 Fibonacci level would strengthen the case for a rally toward the upper Bollinger Band at 4.0593 and potentially the mid-May high at 4.0791. With momentum turning higher from oversold levels, pullbacks are likely to find support near the moving averages.

Heating Oil (HON6)

 

Crude Spread (CLZ6/CLZ7)

The spread is opening the U.S. session up 0.80 at 8.14. After trading to an intraday high of 8.37, the spread has pulled back modestly and is currently trading near the 20-day moving average. The rally once again stalled just below the 50% Fibonacci retracement of the decline from the May 18 high to last week's low, reinforcing that area as a key resistance zone.

Momentum indicators remain in oversold territory but have crossed higher and continue to trend upward, suggesting the spread may have additional room to recover as momentum normalizes.

Key Resistance Levels

  • 8.41 – 50% Fibonacci retracement and double-top resistance

  • 9.01 – 61.8% Fibonacci retracement

  • 10.51 – Upper Bollinger Band

Key Support Levels

  • 6.69 – 50-day moving average

  • 6.00 – Last week's low

  • 5.52 – Lower Bollinger Band

The 8.41 area remains the critical level to watch. A breakout above this double-top resistance would confirm improving price momentum and open the door for a test of the 9.01 Fibonacci retracement. With momentum turning higher from oversold levels, pullbacks are likely to find support near the 50-day moving average as the recovery continues to develop. 

 

 

Natural Gas Market Overview

Natural Gas (NGN6)

Natural gas is opening the U.S. session up 0.06 at 3.22. Overnight trading pushed prices to a high of 3.25 before the market eased back toward yesterday's high, where it is currently consolidating. Despite the pullback from overnight highs, the market continues to hold near recent highs and remains in a constructive technical position.

Momentum indicators remain elevated but have not yet reached overbought territory, suggesting there may still be room for additional upside before the market becomes technically stretched.

Key Resistance Levels

  • 3.31 – Upper Bollinger Band

  • 3.39 – Monday's reversal bar high

Key Support Levels

  • 3.12 – 20-day moving average

  • 2.94 – Lower Bollinger Band

The market continues to consolidate following Monday's reversal signal. A move above the upper Bollinger Band at 3.31 would put the focus on Monday's high at 3.39. On the downside, the 20-day moving average at 3.12 represents the first key support level, while the lower Bollinger Band at 2.94 marks a more significant support area. With momentum remaining elevated but not yet overbought, the near-term bias remains constructive as long as prices continue to hold above the 20-day moving average.

Natural Gas (NGN26)

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update June 2, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-2-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-2-2026 Tue, 02 Jun 2026 13:00:00 +0000 2026-06-02T13:00:00Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Energy markets are giving back a portion of Monday's sharp gains as traders reassess geopolitical risks in the Middle East. Crude oil futures are trading lower this morning after reports of progress in negotiations involving Iran and indications that a ceasefire agreement between Israel and Hezbollah may be taking shape.

While no formal agreements have been reached, optimism surrounding a potential de-escalation has reduced some of the risk premium that fueled Monday's rally. Brent crude has slipped back below $94 per barrel, while WTI crude is trading near $91 as traders weigh the likelihood of supply disruptions against the possibility of a diplomatic resolution.

Despite the pullback, uncertainty remains elevated. The Strait of Hormuz continues to be a focal point for energy markets, and reports indicate that major LNG exporters Qatar and the UAE are taking extraordinary measures to move cargoes through the region as shipping risks persist. The situation highlights the ongoing vulnerability of global energy supply chains despite improving sentiment.

For now, markets appear to be shifting from worst-case supply disruption scenarios toward a wait-and-see approach, with traders closely monitoring geopolitical developments for further direction.

Crude (CLN6)

Crude oil (CLN6) is opening the session down 1.15 and trading within a relatively tight inside range following yesterday's strong rally. The advance stalled just short of a key confluence zone formed by the 50% Fibonacci retracement and the 20-day moving average. Prices traded modestly higher overnight before easing into the U.S. open.

Momentum indicators remain oversold but continue to turn higher, suggesting that downside pressure is beginning to ease. As momentum works back toward more neutral levels, pullbacks are likely to attract buying interest and find support above recent lows.

Key Resistance Levels

  • 95.10 – 20-day moving average

  • 95.78 – 50% Fibonacci retracement

  • 98.01 – 61.8% Fibonacci retracement

Key Support Levels

  • 86.35 – Friday's low

  • 85.60 – Lower Bollinger Band

The market remains in a corrective rebound phase, with the 95.10–95.78 area serving as the first major resistance zone. A move through that confluence area would target the 98.01 Fibonacci level, while improving momentum suggests that pullbacks may be limited as the market continues to recover from oversold conditions.

Crude (CLN6)

Heating Oil (HON6):

Heating oil is opening the U.S. session lower after trading near unchanged overnight. The market is posting an inside day following yesterday's sharp rally, which stalled at a key resistance confluence consisting of the 20-day moving average and the 50% Fibonacci retracement near 3.7651.

Momentum has crossed higher from deeply oversold territory, suggesting that downside momentum is fading. As momentum works its way out of oversold territory, pullbacks are likely to find support and attract buying interest.

Key Resistance Levels

  • 3.7472 – 20-day moving average

  • 3.7629 – 50% Fibonacci retracement

  • 3.8375 – 61.8% Fibonacci retracement

Key Support Levels

  • 3.4466 – Last week's low

  • 3.4295 – Lower Bollinger Band

The 3.7472–3.7629 area remains the key resistance zone to watch. A breakout above that confluence would target the 3.8375 Fibonacci level. While the market may consolidate after yesterday's rally, improving momentum conditions suggest that dips are likely to find support until the oversold condition has been fully worked off.

Heating Oil (HON6)

 

Crude Spread (CLZ6/CLZ7)

The crude oil spread is opening the U.S. session down 0.38 at 7.08 and is currently trading within an inside day pattern following yesterday's rally. The advance stalled at 8.40, which corresponds closely with the 50% Fibonacci retracement and remains a key resistance level.

Momentum indicators have begun to turn higher from oversold territory, suggesting that downside pressure is easing. While the spread may consolidate in the near term following yesterday's move, improving momentum conditions favor additional recovery as long as support levels remain intact.

Key Resistance Levels

  • 8.03 – 20-day moving average

  • 8.41 – 50% Fibonacci retracement and yesterday's high

  • 9.01 – 61.8% Fibonacci retracement

Key Support Levels

  • 5.91 – Last week's low

  • 5.51 – Lower Bollinger Band

Crude Spread (CLZ6/CLZ7)

 

Natural Gas Market Overview

Natural Gas (NGN6)

Natural gas posted a bearish engulfing candle yesterday, signaling that upside momentum may be beginning to fade following the recent rally. While the market opened slightly higher overnight, prices have since drifted back toward yesterday's settlement. Overnight trading has been relatively quiet, with the range measuring less than one-third of yesterday's range, resulting in an inside day pattern.

Momentum remains elevated but has not yet reached overbought territory. The combination of yesterday's bearish reversal candle and today's consolidation suggests the market may be pausing before its next directional move.

Key Resistance Levels

  • 3.30 – Upper Bollinger Band

  • 3.39 – Yesterday's reversal high

Key Support Levels

  • 3.13 – 61.8% Fibonacci retracement of the rally from last week's low to yesterday's high

  • 3.12 – 20-day moving average

A move above 3.39 would negate the near-term bearish reversal signal and keep the recent uptrend intact. On the downside, the 3.13–3.12 area represents an important support zone. A break below that confluence could trigger a deeper correction as the market works off its elevated momentum readings.

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update June 1, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-1-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-june-1-2026 Mon, 01 Jun 2026 13:00:04 +0000 2026-06-01T13:00:04Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Energy markets opened the week higher as escalating tensions in the Middle East increased concerns over potential supply disruptions. Crude oil rallied more than 3%, with Brent crude trading above $94 per barrel and WTI moving above $90 as traders continued to price in geopolitical risk surrounding the ongoing conflict between the United States and Iran.

The market remains focused on the Strait of Hormuz. While fears of a prolonged disruption have eased from recent highs, uncertainty surrounding regional stability continues to support crude prices and maintain a significant risk premium.

Refined products also strengthened alongside crude oil, reflecting concerns that any disruption to Middle East exports could impact global fuel supplies.

Natural gas prices were modestly higher, although the market remains driven primarily by domestic fundamentals. Traders will continue monitoring geopolitical developments for any broader impact on global energy flows.

Crude (CLN6)

Crude oil (CLN6) opened the U.S. session up 3.23 points at 90.58. The market rebounded from the lower Bollinger Band after four consecutive trading days in which the daily low touched the lower band. Momentum indicators remain in oversold territory but have begun to turn higher, suggesting downside pressure may be easing.

Key Resistance Levels

  • 93.55 – 38.2% Fibonacci retracement of the decline from the May 18 high to Friday's low

  • 95.55–95.75 – Confluence zone consisting of the 50% Fibonacci retracement and the 20-day moving average

  • 98.01 – 61.8% Fibonacci retracement

Key Support Levels

  • 86.35 – Friday's low

  • 85.71 – Lower Bollinger Band

The recent rebound from Bollinger Band support, combined with oversold momentum, suggests the potential for a corrective rally. However, crude oil will need to clear the 93.55 resistance area to strengthen the case for a move toward the 95.55–95.75 confluence zone.

Crude (CLN6)

Heating Oil (HON6):

Heating oil also rebounded from its lower Bollinger Band following Friday's trade. The daily lows from Tuesday through Friday of last week either touched or tested the lower band as momentum indicators moved into oversold territory. With prices now trading above most of last week's closing levels and momentum beginning to turn higher, the market appears positioned for a continued corrective bounce.

Key Resistance Levels

  • 3.6882 – 38.2% Fibonacci retracement of the decline from the May 19 high to Friday's low

  • 3.7629 – Confluence of the 50% Fibonacci retracement and the 20-day moving average

  • 3.8375 – 61.8% Fibonacci retracement

Key Support Levels

  • 3.4466 – Thursday's low

  • 3.4434 – Lower Bollinger Band

The combination of oversold momentum conditions, support at the lower Bollinger Band, and improving price action suggests the potential for additional upside in the near term. A move through the 3.6882 resistance level would increase the likelihood of a test of the 3.7629 confluence zone.

Heating Oil (HON6)

 

Crude Spread (CLZ6/CLZ7)

The spread rebounded overnight and is opening the U.S. session up 0.98 at 7.32. While momentum remains in oversold territory, it is not as deeply oversold as either crude oil or heating oil. The overnight rally has pushed the spread above both Thursday's and Friday's highs, and looks like it wants to test the first key resistance level.

Key Resistance Levels

  • 7.82 – 38.2% Fibonacci retracement of the decline from the May 18 high to last week's low

  • 8.41 – 50% Fibonacci retracement

  • 9.01 – 61.8% Fibonacci retracement

Key Support Levels

  • 5.91 – Last Wednesday's low

  • 5.54 – Lower Bollinger Band

The move above last week's highs and improving momentum suggest the potential for additional recovery. A sustained move through 7.82 would target the 8.41 area, while support remains defined by last week's low and the lower Bollinger Band.

Crude Spread (CLZ6/CLZ7)

 

Natural Gas Market Overview

Natural Gas (NGN6)

Natural gas is opening the U.S. session up 0.03 from Friday's close, although prices have come off from the overnight high of 3.39 and are currently trading near 3.32. The market is beginning to show the early signs of a potential reversal pattern after posting a new recent high. Confirmation of a reversal would require a close below the upper Bollinger Band and/or a close below Friday's settlement at 3.29.

Key Resistance Levels

  • 3.39 – Overnight high

  • 3.46 – 38.2% Fibonacci retracement of the decline from the January high to the April low

  • 3.64 – 50% Fibonacci retracement

Key Support Levels

  • 3.23 – 38.2% Fibonacci retracement of the rally from the May 27 low to the overnight high

  • 3.18 – 50% Fibonacci retracement

  • 3.13 – Confluence of the 61.8% Fibonacci retracement and the 20-day moving average

Natural Gas (NGN6)

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update May 29, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-29-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-29-2026 Fri, 29 May 2026 13:26:13 +0000 2026-05-29T13:26:13Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Oil prices weakened during European trading Thursday as markets reacted to reports of progress in ongoing U.S.-Iran negotiations that could eventually ease restrictions on shipping through the Strait of Hormuz.

Brent crude traded below $95/b while WTI fell toward the upper-$80s after U.S. Treasury Secretary Scott Bessent said a preliminary framework agreement had emerged between Washington and Tehran. Reports suggest the proposed framework could include a 60-day extension of the current ceasefire to allow additional negotiations on Iran’s nuclear program, although implementation would still require approval from President Trump.

Despite the bearish reaction in crude prices, uncertainty remains elevated. Even if shipping activity through the Strait begins to improve, normalization in tanker traffic and upstream production could take time, with shipowners potentially hesitant to fully re-enter the region amid fears the ceasefire could break down.

Markets also remain cautious as Iran has yet to confirm reports that a preliminary agreement framework has been reached. U.S. Vice President JD Vance said negotiators were “getting very close,” but added that the two sides were “not there yet,” reinforcing expectations that energy markets will remain highly sensitive to diplomatic developments and shipping activity in the region.

Crude (CLN6)

Crude is opening the U.S. session down 0.84 at 87.71, with momentum now moving into oversold territory. Price is currently trading near the lower Bollinger Band at 86.97 after the last two sessions both closed near that support level.

This morning’s weakness pushed crude to within a few ticks of the May 7th low at 86.76 before stabilizing. With momentum now oversold, the market is increasingly vulnerable to a short-term recovery bounce, although the broader near-term trend remains under pressure while price continues to trade below key moving averages.

Key Levels

Support
86.76 — May 7th low
86.13 — May 6th low

Resistance
94.73 — Gap-fill resistance from the beginning of the week
96.05 — 20-day moving average

Crude (CLN6)

Heating Oil (HON6):

Heating Oil is also opening lower this morning and is currently trading inside yesterday’s range, setting up an inside day pattern to start the session.

Momentum indicators are continuing to move into oversold territory, increasing the risk of a short-term recovery bounce. However, price has spent the last four sessions riding the lower Bollinger Band, highlighting the persistent downside pressure currently in the market.

Near-term trade will likely depend on whether support around the recent lows can stabilize the market and trigger short-covering activity.

Key Levels

Support
3.4882 — Lower Bollinger Band
3.4466–3.4500 — Wednesday low / May 7th low support zone

Resistance
3.7257 — Tuesday breakdown level
3.7778 — 20-day moving average

Heating Oil (HON26)

 

 

Crude Spread (CLZ6/CLZ7)

The crude spread is opening the U.S. session down 0.57 at 6.38 and is currently trading inside yesterday’s range, setting up an inside day to start the session.

Momentum indicators are continuing to move toward oversold territory, suggesting downside momentum may be starting to slow after the recent sharp decline in the spread.

The lower Bollinger Band near 5.77 represents the next key support level. A break below that area would shift focus toward the double-bottom support from May 6th and 7th near 5.16.

Key Levels

Support
5.77 — Lower Bollinger Band
5.16 — May 6th/7th double bottom

Resistance
7.93 — 20-day moving average
8.36 — Gap resistance from the beginning of the week

Crude Spread (CLZ6/CLZ7)

 

Natural Gas Market Overview

Natural Gas (NGN6)

Natural gas is opening modestly higher this morning, up 0.02, after yesterday’s sharp rally. Price is currently trading above the upper Bollinger Band, although the market has pulled back from the overnight high at 3.35.

Yesterday’s move from below the 20-day moving average to a close above the upper Bollinger Band reflects a moved the stochastic indicator toward overbought territory.

The strong close above the upper Bollinger Band suggests that the market has room to move higher in the near term despite the early-session pullback.

Key Levels

Support
3.19 — 38.2% Fibonacci retracement of the move from this week’s low to today’s high
3.11 — 61.8% Fibonacci retracement

Resistance
3.46 — 38.2% Fibonacci retracement of the move from the January 30th high to the April 30th low
3.63 — 200-day moving average

Natural Gas (NGN26)

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update May 28, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-28-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-28-2026 Thu, 28 May 2026 12:58:30 +0000 2026-05-28T12:58:30Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Oil prices are rebounding this morning after Wednesday’s sharp selloff, although crude has pulled back from overnight highs as traders continue to balance geopolitical risk in the Middle East against growing optimism surrounding a potential U.S.-Iran diplomatic framework. Despite the retracement, both Brent and WTI remain higher on the session.

Crude came under heavy pressure yesterday after reports suggested shipping activity through the Strait of Hormuz was beginning to normalize, easing some immediate concerns over large-scale supply disruptions. The recent decline also pushed several key technical indicators into oversold territory, with WTI settling below its lower Bollinger Band for the first time since mid-December while Brent time spreads weakened to their softest levels since early March.

Despite the recent weakness, markets remain highly sensitive to developments in the Persian Gulf after the U.S. carried out additional strikes on Iranian military targets and imposed new sanctions tied to shipping activity through the Strait. President Trump also reiterated that no single nation would control the waterway, underscoring the continued geopolitical uncertainty surrounding one of the world’s most critical energy transit routes.

For now, the market appears caught between improving hopes for de-escalation and lingering concerns that additional military action could quickly disrupt global crude and LNG flows. Volatility is likely to remain elevated as traders continue to react to developments surrounding Middle East diplomacy, shipping traffic, and broader risk sentiment across commodity markets.

Crude (CLN6)

Crude is opening the U.S. session up 2.06 at 90.75 after closing at the lower Bollinger Band yesterday. The recovery rally extended to an overnight high of 92.52 before retracing, with the market now giving back more than half of the advance.

Momentum indicators continue to point lower as they approach oversold territory, suggesting the broader near-term trend remains weak despite the bounce from recent lows.

The first upside objective remains the open gap from Monday between 94.70 and 94.73. Beyond that, the 20-day moving average near 96.48 continues to act as an important technical pivot and resistance area.

On the downside, initial support comes in at the lower Bollinger Band near 87.83, followed by the May 6th low at 86.13.

Key Levels

Resistance
94.70–94.73 — Open gap resistance
96.48 — 20-day moving average / pivot resistance

Support
87.83 — Lower Bollinger Band
86.13 — May 6th low

Crude (CLN6)

Heating Oil (HON6):

Heating Oil also rebounded overnight, rallying to a high of 3.6293 before giving up most of the gains into the start of the U.S. session.

Yesterday’s low formed a double bottom near 3.4500, aligning closely with the May 7th low before the market bounced and settled near the lower Bollinger Band at 3.5289.

Momentum indicators are beginning to move into oversold territory, increasing the risk of a short-term recovery bounce from current levels.

Key Levels

Resistance
3.7629 — 50% Fibonacci retracement / 20-day moving average confluence
3.8375 — 61.8% Fibonacci retracement

Support
3.5035 — Lower Bollinger Band
3.4466 — Yesterday’s low / double-bottom support

Heating oil (HON6)

 

 

Crude Spread (CLZ6/CLZ7)

The crude spread opened the session up 0.46 at 6.85 after rallying to an overnight high of 7.35 before pulling back.

Yesterday’s low aligned closely with the lower Bollinger Band, with the spread managing to rebound off that support area into the close.

Momentum has now moved back into neutral territory, although indicators continue to point lower, suggesting the broader near-term bias remains soft despite the recent stabilization.

Key Levels

Resistance
8.32 — 20-day moving average / 50% Fibonacci retracement confluence
9.01 — 61.8% Fibonacci retracement

Support
5.85 — Lower Bollinger Band
5.18 — Double-bottom support

Crude Spread (CLZ6/CLZ7)

 

Natural Gas Market Overview

Natural Gas (NGN6):

Natural gas traded relatively quietly overnight following yesterday’s sharp recovery rally and is opening near unchanged at 3.08.

Yesterday formed a bullish engulfing candle; however, because the pattern developed near the middle of the recent trading range and with momentum still near neutral territory, the signal carries less bullish significance than it would from an oversold condition or major support level.

That said, momentum indicators are beginning to drift closer toward oversold territory, suggesting additional downside may continue to find support on dips.

Key Levels

Resistance
3.10 — 38.2% Fibonacci retracement (last week’s high to yesterday’s low)
3.14 — 50% Fibonacci retracement
3.18 — 61.8% Fibonacci retracement

Support
2.97 — Yesterday’s low
2.95 — Lower Bollinger Band
2.89 — April 30th low

Natural Gas (NGN26)

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update May 27, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-27-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-27-2026 Wed, 27 May 2026 13:00:00 +0000 2026-05-27T13:00:00Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Oil prices are trading sharply lower this morning, with Brent crude falling more than 3% as traders increasingly focus on signs of progress in ongoing U.S.-Iran negotiations and improving shipping activity through the Strait of Hormuz.

The decline comes after Tuesday’s geopolitical rally, when crude surged following new U.S. strikes on Iranian missile sites and vessels near the Strait. However, optimism surrounding a potential diplomatic framework between Washington and Tehran has begun to re-emerge, easing some of the immediate supply disruption concerns that drove prices higher earlier in the week.

Market sentiment also improved after reports indicated that a growing number of vessels, including several LNG tankers, have successfully transited the Strait of Hormuz in recent days. The increase in shipping activity is reinforcing expectations that the critical waterway could gradually reopen, potentially restoring disrupted global energy flows and reducing near-term supply risk premiums.

Despite the pullback, geopolitical tensions remain elevated. Iran accused the U.S. of violating a ceasefire agreement through recent military strikes, while Israel expanded bombing operations in Lebanon, continuing to cloud the broader outlook for regional stability. For now, energy markets remain highly sensitive to developments surrounding Middle East diplomacy, military activity, and shipping conditions through the Strait of Hormuz.

Energy Market Technicals

Crude (CLN6)

Crude is opening the U.S. session down 3.81 after yesterday’s rebound from the lows failed to close the gap created between Friday and Monday. The rally stalled at 94.70, just ahead of the gap resistance at 94.70–94.73, before closing near the upper end of the day’s range.

Price is moving back toward yesterday’s low at 89.41. If downside pressure continues, the next support comes in at the lower Bollinger Band near 89.05, followed by the May 6th low at 86.13.

Momentum has begun to cool following the recent geopolitical-driven rally, leaving the market vulnerable to additional consolidation in the near term.

Key Levels

Resistance
94.70–94.73 — Open gap resistance
20-day moving average — Next upside resistance

Support
89.41 — Yesterday’s low
89.05 — Lower Bollinger Band
86.13 — May 6th low

Crude (CLN6)

Heating Oil (HON6):
Heating Oil opened sharply lower at 3.5249 versus the previous close of 3.6213. Unlike crude, yesterday’s rebound from the lows was relatively muted, signaling weaker underlying momentum.

The open below yesterday’s low at 3.5220 adds to the softer near-term technical tone. Price is trading back below the lower Bollinger Band near 3.5351, an important level to watch on a closing basis.

If downside momentum continues, the next key support comes in at the May 6th spike low at 3.4235, which should act as an important pivot area for the market.

Key Levels

Resistance
3.8079 — 20-day moving average

Support
3.5351 — Lower Bollinger Band
3.4235 — May 6th spike low / pivot support 

Heating Oil (HON6)

 

 

Crude Spread (CLZ6/CLZ7)

The crude spread opened the U.S. session down 0.98 at 6.81 and extended through yesterday’s low at 6.86, trading to a fresh two-week low at 6.51.

Momentum continues to work lower toward neutral territory after previously reaching overbought conditions, suggesting downside pressure may still persist in the near term.

The spread is now approaching the lower Bollinger Band near 6.10, which represents the next key technical support area. A failure to stabilize there would shift focus toward the double-bottom support from May 6th and 7th near 5.16.

Key Levels

Support
6.10 — Lower Bollinger Band
5.16 — May 6th/7th double bottom

Momentum remains biased lower while overbought conditions continue to unwind.

Crude Spread (CLZ6/CLZ7)

 

Natural Gas Market Overview

Natural Gas (NGM6):

Natural gas is opening marginally higher at 3.02 after yesterday’s muted rebound from a new multi-week low. The market closed near the lower end of the session range, reflecting continued weak near-term sentiment.

Momentum indicators are now approaching oversold territory as price action continues to soften following the rejection from the breakout high near 3.30.

Today’s low at 2.97 traded slightly below yesterday’s low, setting up the potential for a bullish reversal pattern. If the market is able to close above yesterday’s settlement, it would form a bullish reversal candle, and with momentum nearing oversold conditions, the market could be positioned for a short-term bounce from current levels.

Key Levels

Support
2.92 — Lower Bollinger Band
2.89 — April 30th low

Resistance
3.08 — 20-day moving average
3.23 — Upper Bollinger Band

Near-term tone remains cautious, although oversold momentum conditions are beginning to improve the odds of a technical rebound.

Natural Gas (NGN6)

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update May 26, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-26-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-26-2026 Tue, 26 May 2026 13:22:39 +0000 2026-05-26T13:22:39Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Energy markets are trading higher this morning (92.72), recovering from an overnight low of 89.41 (CLN6), after U.S. strikes on Iranian missile launch sites and vessels near the Strait of Hormuz increased geopolitical risk premiums across crude markets.

According to U.S. Central Command, the strikes targeted Iranian vessels allegedly attempting to lay mines in the Strait near Bandar Abbas, home to a major Iranian Revolutionary Guard naval base. Washington described the operation as defensive action intended to protect U.S. forces and commercial shipping lanes.

Shipping activity through the Strait remains severely constrained. Data from S&P Global Commodities at Sea showed only five vessel crossings on May 25, with most linked to Iran. The sharp decline in traffic is reinforcing concerns around potential supply disruption through one of the world’s most critical energy chokepoints.

Despite the rally, crude remains below the $100/b psychological level, suggesting the market is pricing elevated geopolitical risk rather than immediate supply loss. Volatility is expected to remain elevated as traders monitor military developments, shipping flows, and diplomatic negotiations across the region

Energy Market Technicals

Crude (CLN6)

Crude is starting the U.S. session down 3.80 at 92.86. In overnight trading, prices fell to support at the lower Bollinger Band near 89.41 before rebounding. Momentum indicators have only just moved out of overbought territory, suggesting downside pressure may still remain in the near term.

Support Levels

  • 86.20 — 38.2% Fibonacci retracement

  • 80.33 — 50% Fibonacci retracement

  • 74.46 — 61.8% Fibonacci retracement

Resistance Levels

  • 97.43 — First upside objective / gap-fill level

  • 97.18 — 20-day moving average

The short-term tone remains cautious while crude trades below the 20-day moving average.

Crude (CLN6)

Heating Oil (HON6):

Heating Oil traded down overnight to support at the lower Bollinger Band near 3.5833 before staging a bounce. Momentum indicators have only recently moved out of overbought territory and continue to point lower, suggesting that any recovery rally may remain limited in the near term.

Support Levels

  • 3.2876 — 38.2% Fibonacci retracement

  • 3.0430 — 50% Fibonacci retracement

  • 2.7985 — 61.8% Fibonacci retracement

Resistance Levels

  • 3.7161 — Gap-fill objective

  • 3.8204 — 20-day moving average

The broader short-term bias remains cautious while prices trade beneath the 20-day moving average, although the successful having held the lower Bollinger Band could encourage temporary short-covering strength.

Heating Oil (HON6)

 

Crude Spread (CLZ6/CLZ7)

CLZ6/CLZ7 is down 1.52 to start the U.S. session after trading to an overnight low of 6.86 (-2.05). A close below 8.48 would mark the first meaningful close beneath the 20-day moving average since April 20th. Momentum remains in overbought territory, suggesting that any near-term bounces may be limited while momentum indicators continue to work back toward neutral conditions.

Support Levels

  • 6.10–6.20 — Confluence zone with the lower Bollinger Band and 38.2% Fibonacci retracement

  • 4.57 — 50% Fibonacci retracement

  • 3.07 — 61.8% Fibonacci retracement

Resistance Levels

  • 8.40–8.50 — Confluence zone with the 38.2% Fibonacci retracement and 20-day moving average

  • 8.89 — 50% Fibonacci retracement

  • 9.37 — 61.8% Fibonacci retracement

The market remains technically vulnerable below the 20-day moving average, with momentum conditions favoring consolidation to lower trade.

Crude Spread (CLZ6/CLZ7)

 

Natural Gas Market Overview

Natural Gas (NGM6):

Natural gas bounced overnight from a multi-week low at 2.98. Momentum has moved back into neutral territory, and the rebound pushed price back above the 20-day moving average near 3.06.

With momentum now neutral and price trading near the middle of the 4-week range, directional bias is limited for now.

A close above 3.02 — Friday’s settlement — would create a daily reversal bar, which is typically a bullish signal. However, the setup carries less significance since momentum was not in an extreme oversold condition at the lows.

Key levels to watch:

  • 3.02 — Friday’s close / reversal trigger

  • 2.92 — lower Bollinger Band

  • 3.23 — upper Bollinger Band

Near term, the market looks more range-bound.

Natural Gas (NGN26)

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update May 22, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-22-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-22-2026 Fri, 22 May 2026 12:46:51 +0000 2026-05-22T12:46:51Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Crude markets are trading relatively unchanged Friday morning, though WTI crude remains lower on the week as early geopolitical risk premiums have faded and traders reassess the outlook for Middle East supply disruptions. July crude is holding near $96, with the market stabilizing after several volatile sessions tied to U.S.-Iran negotiations and uncertainty surrounding shipping activity through the Strait of Hormuz.

Despite ongoing geopolitical concerns, the market has not seen material supply outages, helping pressure crude lower on a weekly basis. Traders continue monitoring reports surrounding possible transit fees and tanker flows through Hormuz, but the absence of confirmed disruptions has limited upside momentum in oil prices heading into the weekend.

Fundamentally, energy balances remain relatively supportive as analysts at Goldman Sachs and Energy Aspects continue pointing to tightening inventories and shrinking spare capacity ahead of peak summer demand. Natural gas has backed off from the week’s highs and is consolidating as momentum eases from overbought levels.

For today’s trade, energy markets are expected to remain highly headline-sensitive, with traders focused on geopolitical developments, tanker traffic, and any signals of changing supply conditions. While crude is currently lower on the week, volatility is likely to remain elevated given ongoing uncertainty across the broader energy complex.

Energy Market Technicals

Crude (CLN6)

Crude opened the U.S. session up over $2.00 but has since moved back to unchanged. Price action overnight has been limited to a relatively small inside day. While yesterday did see crude close slightly below the 20-day moving average for the first time in over a month, the market has rebounded sharply this morning, suggesting buyers are still defending the broader uptrend.

For now, the 20-day moving average remains an important near-term pivot, with the market continuing to balance stretched momentum conditions against ongoing geopolitical support in the energy complex.

Resistance levels:

  • 105.03 — Upper Bollinger Band

  • 105.21 — Monday’s high

Support levels:

  • 97.26 — 20-day moving average

  • 89.50 — Lower Bollinger Band

  • 86.13 — May 6th low

     Crude (CLN6)


Heating Oil (HOM6):

Heating Oil saw a cleaner break below the 20-day moving average yesterday, closing near the lows of the U.S. session at 3.8316. The market opened higher overnight and is trading near the session highs heading into the U.S. open, though price remains just below the 20-day moving average.

The recent pullback has eased some of the previously stretched momentum conditions, but the 20-day moving average remains an important near-term pivot after acting as support for most of the past month.

Resistance:

  • 3.9779 — 20-day moving average

  • 4.1812 — Tuesday/Wednesday double top

  • 4.1988 — Upper Bollinger Band

Support:

  • 3.7571 — Lower Bollinger Band

  • 3.5538 — May 6th low

Heating Oil (HON6)

 

Crude Spread (CLZ6/CLZ7)

The spread tested and held the 20-day moving average yesterday, with the average coming in at 8.35 and the session low reaching 8.36. The spread opened higher overnight and is beginning the U.S. session up 0.49 at 9.08.

Momentum remains in overbought territory but has crossed lower and is beginning to point down, suggesting the spread may continue to face near-term pressure until momentum works back toward more neutral levels.

Initial support comes in at 8.47, the 20-day moving average, which has held for more than two weeks. A move below that level would open the door toward the next support at 6.18, the lower Bollinger Band.

Resistance levels:

  • 10.76 — Upper Bollinger Band

  • 10.92 — recent high

     

Natural Gas Market Overview

Natural Gas (NGM6):

Yesterday’s session produced a smaller trading range compared to the previous few sessions, signaling some near-term consolidation following the recent breakout rally. The market is opening modestly lower today, with Wednesday’s bearish engulfing pattern still remaining in play.

Momentum remains deeply overbought and continues to point lower, suggesting Natural Gas could remain under pressure in the near term as momentum works back toward more neutral territory. The recent rejection from the highs and close back inside the upper Bollinger Band continue to support the idea of a broader corrective phase following the sharp rally off the May breakout.

While the larger upside structure remains intact for now, additional downside retracement remains possible before the market attempts another leg higher.

Resistance:

  • 3.10 — Upper Bollinger Band

  • 3.14 — Wednesday reversal bar high

Support:

  • 2.92 — 38.2% Fibonacci retracement

  • 2.86 — 50% Fibonacci retracement

  • 2.80 — 61.8% Fibonacci retracement

Natural Gas (NGM26)

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update May 21, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-21-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-21-2026 Thu, 21 May 2026 14:53:36 +0000 2026-05-21T14:53:36Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Oil market hours remain firmly driven by Middle East geopolitical risk, with the Strait of Hormuz continuing to anchor the risk premium in crude. Overnight reporting around Iran and Oman discussing a potential toll or structured fee system for vessel transits adds another layer of uncertainty to already fragile shipping dynamics through the region’s key chokepoint. While not an immediate supply disruption, it reinforces the market’s focus on evolving control and cost of passage through Hormuz.

Elsewhere, the broader Iran narrative remains unchanged, with markets still oscillating between intermittent signals of dialogue and persistent structural tensions. The lack of a clear or durable diplomatic framework continues to limit any meaningful reduction in risk premium, particularly given the sensitivity of energy flows to even marginal changes in shipping security, insurance costs, and military positioning in the region.

Price action remains reactive rather than directional, with crude and refined products continuing to trade in headline-driven ranges. Moves over the past session have largely reflected repositioning around geopolitical updates rather than shifts in physical fundamentals, leaving the market in a holding pattern at elevated levels while participants await clearer signals on the stability of regional supply routes.

Energy Market Technicals

Crude (CLN6)

CLN6 is opening the U.S. session near its overnight high at 100.06 (+1.95). So far, price action remains within yesterday’s range following the sharp selloff seen in the previous session.

Yesterday’s decline stopped exactly at first support, which continues to hold after supporting the market for the past two weeks. That level is the 20-day moving average, which comes in at 97.03 today. Notably, July crude has not closed below the 20-day moving average since April 21st, keeping the broader uptrend intact for now.

Momentum remains overbought but has crossed lower and is beginning to point down, suggesting rallies could face near-term headwinds even as the larger trend remains supportive.

Key resistance levels:

  • 105.21 — Monday’s high

  • 105.59 — Upper Bollinger Band

Support levels:

  • 97.03 — 20-day moving average

  • 88.45 — Lower Bollinger Band

Crude (CLN6)

Heating Oil (HOM6):

Heating Oil is also opening the session higher and is currently trading near the 20-day moving average at 3.9850. Yesterday marked the first close below the 20-day moving average in over a month, making this level an important short-term pivot heading into today’s trade.

What’s notable is that even after yesterday’s selloff, momentum remains in overbought territory. This suggests there is still room for Heating Oil to move lower while momentum works to normalize back toward neutral conditions.

Resistance levels:

  • 4.1796 — double top resistance

  • 4.2030 — Upper Bollinger Band

Support levels:

  • 3.7511 — Lower Bollinger Band

  • 3.7125 — 50% Fibonacci retracement (April 17th low to April 30th high)

  • 3.5845 — 61.8% Fibonacci retracement

Heating Oil (HOM6)

 

Crude Spread (CLZ6/CLZ7)

The spread showed a bearish divergence on Tuesday’s high, with momentum failing to confirm the new high. This suggests the recent move may be stretched and vulnerable to a pullback.

Yesterday’s selloff pushed the spread to its lowest close of the week. However, the rebound from yesterday’s low has brought price back to around 9.50, near the overnight high.

Momentum remains overbought but has crossed lower and is beginning to point down, indicating that upside momentum may be fading in the near term.

Initial support comes in at 8.39, the 20-day moving average, which has held for more than two weeks. A move below that level would open the door toward the next support at 5.94, the lower Bollinger Band.

Resistance levels:

  • 10.84 — Upper Bollinger Band

  • 10.92 — recent high

Crude Spread (CLZ6/CLZ7)

 

Natural Gas Market Overview

Natural Gas (NGM6):

Yesterday’s bearish engulfing bar is in line with the view discussed in prior sessions that the market had become extremely overbought and vulnerable to a pullback following the breakout rally.

Momentum was — and still remains — deeply overbought, but has now crossed lower and is beginning to point down, suggesting upside momentum is fading in the near term. In addition, the market closed back inside the upper Bollinger Band after two consecutive closes above it, reinforcing the idea that the recent extension had become stretched.

The broader upside structure remains intact for now, but the market may continue retracing toward Fibonacci support levels before attempting another leg higher.

Resistance:

  • 3.19 — March 27/28 double top

  • 3.21 — 38.2% Fibonacci retracement / upside breakout objective

Support:

  • 2.92 — 38.2% Fibonacci retracement

  • 2.86 — 50% Fibonacci retracement

  • 2.80 — 61.8% Fibonacci retracement

Natural Gas (NGM6)

Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update May 20, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-20-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-20-2026 Wed, 20 May 2026 13:52:34 +0000 2026-05-20T13:52:34Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Oil prices are pulling back this morning as traders react to mixed headlines surrounding the Iran situation. Comments from President Trump suggesting a quicker path toward ending the conflict helped remove some geopolitical premium from the market, pressuring both Brent and WTI lower heading into the U.S. session. Vice President JD Vance also noted progress in negotiations between the U.S. and Iran, further weighing on sentiment.

At the same time, the market remains extremely headline-sensitive as reports also suggest the U.S. could still consider military action against Iran within the next two to three days if negotiations stall. That uncertainty is keeping a floor under crude prices, particularly with traffic through the Strait of Hormuz still heavily disrupted. Concerns over prolonged supply interruptions in the region and tightening global crude inventories continue to support the broader bullish backdrop despite today’s weakness.

Analysts noted that even if a diplomatic agreement is eventually reached, supply conditions are unlikely to normalize quickly. Iranian production and exports would take time to recover, meaning the market could remain undersupplied in the near term. Ongoing inventory tightening and low global stock levels are continuing to reinforce expectations for elevated volatility and further upside risk if tensions escalate again.

On the macro side, traders are also watching rising U.S. Treasury yields, which are signaling tighter financial conditions and raising concerns about future demand growth. Meanwhile, attention later today will turn to the EIA inventory report, with expectations for a roughly 3.4 million barrel draw in U.S. crude stockpiles — another sign that underlying supply conditions remain tight.

Energy Market Technicals

Crude (CLN6)

The bearish divergence we flagged yesterday is starting to play out. Crude took out yesterday’s low and is trading near session lows heading into the start of the U.S. session. Momentum remains elevated and is still sitting in overbought territory.

Resistance comes in at Monday’s bearish divergence high at 105.21, followed by the upper Bollinger Band at 105.74.

If the correction lower continues, support comes in at:

  • 94.52 — 38.2% Fibonacci retracement of the move from the April 17 low to Monday’s high

  • 91.21 — 50% Fibonacci retracement

  • 87.91 — 61.8% Fibonacci retracement

    Crude (CLN6)


Heating Oil (HOM6):

Heating oil has also pulled back and is trading near its overnight low heading into the start of the U.S. session. Momentum remains elevated, but is only just in overbought territory.

Resistance continues to come in at the upper Bollinger Band at 4.2089, followed by the April 30 reversal bar high at 4.2549.

Support levels come in at:

  • 3.8405 — 38.2% Fibonacci retracement of the move from the April 17 low to the April 30 high

  • 3.7125 — 50% Fibonacci retracement

  • 3.5845 — 61.8% Fibonacci retracement


     

Crude Spread (CLZ6/CLZ7)

The spread is opening the U.S. session near its overnight low at 10.03. Momentum remains overbought, and even with the overnight selloff, price is still trading above the early-May high at 9.97.

Resistance levels come in at the Monday/Tuesday double top at 10.92, with the upper Bollinger Band sitting in the same area at 10.94.

Support levels come in at:

  • 7.55 — 38.2% Fibonacci retracement of the move from the April 8 low to Monday’s high

  • 6.51 — 50% Fibonacci retracement

  • 5.48 — 61.8% Fibonacci retracement

 Crude Spread (CLZ6/CLZ7)

 

Natural Gas Market Overview

Natural Gas (NGM6):

Natural Gas remains extremely overbought following the breakout that began on May 11. The market made a new high at 3.14 before backing off, trading around 3.06 heading into the start of the U.S. session.

Over the past two sessions, closes were outside the upper Bollinger Band. However, if today closes below 3.08, it would trigger a reversal signal based on a close back inside the upper Bollinger Band after two consecutive closes above it. It would also mark a reversal from the new high with a close back below yesterday’s close. This bearish confluence suggests we could see a deeper pullback before the broader uptrend resumes.

The upside objective from the breakout remains the March 27/28 double top at 3.19, followed by the 38.2% Fibonacci retracement level at 3.21.

Similar to what occurred on the initial breakout, the market may retrace toward Fibonacci support before resuming higher. Support levels come in at:

  • 2.92 — 38.2% Fibonacci retracement (typically the deepest retracement seen within a strong trend)

  • 2.86 — 50% Fibonacci retracement

  • 2.80 — 61.8% Fibonacci retracement


Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update May 19, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-19-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-19-2026 Tue, 19 May 2026 13:08:06 +0000 2026-05-19T13:08:06Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Oil markets opened the new session slightly softer after overnight headlines pointed to a more cautious geopolitical tone out of the Middle East. Prices eased as reports indicated a pause in immediate escalation risk, particularly around potential U.S. military action tied to Iran. The move helped cool some of the recent risk premium that had been supporting crude at elevated levels.

Despite the early weakness, the broader tone remains firm, with crude still holding most of its recent gains. Traders continue to balance short-term de-escalation signals against the risk of renewed tensions disrupting regional energy flows. As a result, price action remains choppy, with moves still heavily driven by headline flow rather than any shift in underlying supply-demand fundamentals.

Overall, the market remains in a consolidation phase at higher levels following the recent rally. While intraday pressure reflects easing immediate fears, the structural risk premium has not fully disappeared, leaving traders cautious about pressing downside momentum. Attention remains firmly on geopolitical developments for the next directional catalyst.

Energy Market Technicals

Crude (CLN6)

Crude broke above and closed above the April 30th high of 103.78 yesterday. The contract traded to a new high of 105.21 before settling at 104.38.

Heading into the U.S. session today, crude is trading in a tight inside range following yesterday’s breakout move. Despite the strong close, there is a bearish divergence developing, with momentum failing to confirm the new high and remaining below the level seen during the April 30th peak.

What’s notable is that even after yesterday’s strength, price is still trading below the upper Bollinger Band, suggesting the move may not yet be fully stretched from a volatility standpoint.

Key levels to watch:

103.78 — April 30th breakout level
105.21 — Yesterday’s high
105.36 — Upper Bollinger Band

Levels on the downside:

96.01 — 20-day moving average
86.64 — Lower Bollinger Band

 Crude (CLN6)

Heating Oil (HOM6):

Heating Oil tagged the upper Bollinger Band yesterday, printing a bearish divergence. The session also closed at a multi-month high close, signaling continued underlying strength despite stretched conditions.

Into the U.S. session, HO traded lower overnight but has since recovered part of the move. Price action is currently forming an inside day, with a smaller-than-average intraday range, suggesting short-term consolidation after the recent push higher.

Volatility remains contained near the upper end of the range, with price still elevated relative to its short-term mean.

Key Levels

Resistance:

  • 4.0434 — reversal bar / April 30th high

  • 4.0472 — Upper Bollinger Band

Support:

  • 3.7974 — 20-day moving average

  • 3.5480 — Lower Bollinger Band


     

Heating Oil Spread (HOQ6U6)

The spread continues to consolidate, with price currently sitting near the middle of the range at 10.62, close to the 20-day moving average (mid Bollinger Band).

Yesterday produced a bearish reversal candle, but its significance is limited given that momentum remains neutral and price is not extended at either end of the range. Volatility continues to compress, reaching multi-month lows, suggesting a potential expansion phase once the range resolves.

Levels to watch:

Resistance:

  • 12.10 — yesterday’s reversal bar high

  • 12.89 — Upper Bollinger Band

Support:

  • 8.84 — Lower Bollinger Band

  • 6.86 — May low

  Heating Oil Spread (HOQ6HOU6)

 

Natural Gas Market Overview

Natural Gas (NGM6):

The post-breakout rally continues to press higher, with yesterday’s session closing above the upper Bollinger Band for the first time in months. This confirms strong momentum extension after the recent breakout.

The U.S. session is opening with an inside day, but price is still trading above the upper Bollinger Band. With volatility stretched and approaching extremely overbought conditions, there is increasing risk of a near-term pullback or consolidation from current levels around 3.06.

Resistance:

  • 3.21 — 38.2% Fibonacci retracement (first upside objective from breakout, flagged last week)

  • 3.19 — potential double top / local resistance zone

Support:

  • 2.90 — 38.2% Fibonacci retracement (lower retracement anchor)

  • 2.84 — 50% Fibonacci retracement

  • 2.78 — 61.8% Fibonacci retracement


Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]> Daily Energy Market Update May 18, 2026 Liquidity Energy, LLC https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-18-2026 https://dailyupdate.liquidityenergy.com/p/daily-energy-market-update-may-18-2026 Mon, 18 May 2026 13:11:05 +0000 2026-05-18T13:11:05Z Mark Schaefer

{{current_date_full}}

Gain daily intel on natural gas, crude oil, power, and biofuels spot markets. Liquidity Energy provides expert analysis and brokerage for energy derivatives, options, and futures

Liquidity’s Daily Market Overview

Energy Market Update

Energy markets opened the session with a strong geopolitical bid, building on overnight strength as crude pushed higher on continued concerns around Persian Gulf stability and potential supply disruption risk. Early trade remained supported by the broader risk premium, with traders still leaning on escalation fears tied to the Iran conflict and associated threats to regional flow through the Strait of Hormuz.

That tone shifted as the morning progressed following a series of media reports via Al Arabiya outlining amended positions in the Iran negotiations. According to the report, Iran has softened elements of its stance, including stepping back from direct compensation demands and shifting toward economic facilitations instead. The leaked framework also points to a conditional transfer of enriched uranium to Russia rather than the U.S., alongside proposals for a gradual and structured reopening of the Strait of Hormuz.

Additional reported details include a preference for a multi-stage truce, a clearer separation between maritime security and nuclear negotiations, and involvement from regional intermediaries such as Pakistan and Oman to help manage potential friction in the Strait. While unconfirmed, the tone of the leaks was interpreted as a move toward a more phased and politically flexible negotiating framework.

For the market, the key shift was the transition from escalation-driven pricing into the morning, to a more de-escalation-sensitive tone later in the session. The initial geopolitical bid in crude was partially unwound as traders reassessed the near-term supply disruption premium in light of potential diplomatic progress.

Energy Market Technicals

Crude (CLM6)

Crude was up 0.92 to start the U.S. session. It reached a high of 108.70 overnight but has since backed off. Price is approaching the upper Bollinger Band at 109.47. Momentum has crossed higher but is not yet in overbought territory, suggesting the move is not yet stretched.

The market was grinding slowly higher as there has still been no agreement with Iran, while Trump continues to remind them that the clock is ticking.

On the topside, the key levels to watch are the upper Bollinger Band at 109.47 and the previous high at 110.93.

Any sign of a workable agreement could pressure prices lower. On the downside, levels to watch are the 20-day moving average at 99.56, followed by the lower Bollinger Band at 89.67.

Crude (CLM6)

Heating Oil (HOM6):

Heating Oil opened the U.S. session at 4.0919, up from Friday’s close at 4.0534. Volatility continues to compress and is now sitting at multi-month lows. The last time volatility was this low was in late February. Price is currently trading near the upper end of its recent price structure.

Levels to watch on the topside are:

4.2004 — Upper Bollinger Band
4.2549 — April 30th high

Support levels to watch:

3.9389 — 20-day moving average
3.6771 — Lower Bollinger Band

ULSD (HOM6)

 

Crude Spread (CLZ6/CLZ7- Current Level: 9.69)

The spread made a new overnight high at 10.23 before backing off and is now sitting close to unchanged, up 0.35 on the session. There was bearish divergence on the move higher, as momentum failed to confirm the new high.

At the previous high on May 4th at 9.97, momentum was extremely overbought. On this latest push to new highs, momentum did not even reach overbought territory, suggesting the rally lacked strength and may be vulnerable to a pullback.

Key levels to watch remain the previous high at 9.97 and the upper Bollinger Band at 10.30.

Support comes in at 7.78, the 20-day moving average, followed by the double bottom and lower Bollinger Band at 5.18.

CLZ6/CLZ7

 

Natural Gas Market Overview

Natural Gas (NGM6):

Natural Gas is opening the U.S. session up 8 cents at 3.04, trading above the upper Bollinger Band after successfully holding the 38.2% Fibonacci retracement following the initial breakout higher. As expected, volatility is now expanding from the multi-month lows that were flagged last week.

The move confirms the market is attempting to transition out of its prolonged consolidation phase, with buyers continuing to defend pullbacks into key retracement support levels.

Key resistance from here comes in at 3.19, the double top from late March, followed closely by 3.21, the 38.2% Fibonacci retracement of the move from the January high to the April low.

On a pullback, the key support levels to watch are:

• 2.88 — 38.2% Fibonacci retracement
• 2.82 — 50% Fibonacci retracement
• 2.77 — 61.8% Fibonacci retracement

A close below 2.72 would negate the recent breakout attempt and suggest the market has returned to its prior trading range.

If Natural Gas stabilizes and resumes higher from current levels, 3.20–3.21 remains the first upside objective.


Enjoyed this article?

Subscribe to never miss an issue. Liquidity’s Daily Energy Market Updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.

Subscribe

Click below to view our other newsletters on our website:

Ethanol Update 

Natural Gas Update

Fuel and Freight Daily Report

Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC

]]>