e-globalTrading

ENERGY MATRIX

The e-globalTrading Energy Matrix is showing up-stream energy instruments extremely bullish, while polymers are showing clear weakness, driven by  ethylene.

Note the extraordinary Ethylene MBE future price fall from 0.65 cts. to 0.28 cts. in just 11 weeks, which is impacting the corresponding global PE prices.

The referred up-stream vs. down-stream price trending disagreement puts pressure on the refining sector, as refining cost increases while derivatives prices erodes, with the consequent margin deterioration.

CRUDE OIL

The Crude Oil Clc1 future is now behaving extremely bullish with a strong momentum right into the 75 US$ area, which is a 32 months high. The referred October 2018 area was the best Crude Oil attempt to overcome the 75 US$ area, just before the 2014 80+ US$ oil price crash.

Note the CLc1 successful early BUY alert, which was also supported by the highlighted blue color bars, to determine the corresponding Crude Oil short term strong green color at the energy matrix.

NATURAL GAS

NGc1 Natural Gas Daily Chart provided by MetaStock; alerts provided by e-globalTrading

NAPHTA

UNc1 Naphtha Daily Chart provided by MetaStock; alerts provided by e-globalTrading

 

ETHYLENE

MBEc1 Ethylene Daily Chart provided by MetaStock; alerts provided by e-globalTrading

 

ETHANE

MIX-USG Ethane Crude Oil Daily Chart provided by MetaStock-EIKON-Refinitiv

 DOLLAR INDEX

DXc1  Dollar Index Daily Chart provided by MetaStock; alerts provided by e-globalTrading

POLYETHYLENE-CHINA

DLLc1 PE Daily Chart provided by MetaStock; alerts provided by e-globalTrading

PVC

DPVc1 PVC Daily Chart provided by MetaStock; alerts provided by e-globalTrading